Chinese zinc powder prices edge up
2024-04-04 07:24:28 [Print]
BEIJING (Asian Metal) 7 Apr 24 – Most sellers raised prices of zinc powder following prices of zinc ingot today. The current mainstream prices of Chinese zinc powder 96%min 325mesh stand at RMB24,000-24,200/t (USD3,306-3,333/t) EXW D/P, up by about RMB200/t (USD28/t) from yesterday. Insiders predict that the mainstream prices of Chinese zinc oxide would keep stable in the coming few days as most market participants would leave the market for holiday.
A producer in Jiangsu noted that they quoted RMB24,150/t (USD3,326/t) EXW D/P for zinc powder 96%min 325mesh today and could accept RMB23,950/t (USD3,399/t) for firm bids, while we refused prices less than RMB23,750/t (USD3,271/t) yesterday. "We sold about 100t at RMB23,950/t (USD3,399/t) today to regular clients and sold about 60t at RMB23,750/t (USD3,271/t) yesterday", said the producer, who anticipated that the mainstream prices of Chinese zinc oxide would keep stable in the coming few days considering that most market participants would leave the market for holiday.
On basis of an annual production capacity of 50,000t of zinc powder, the company would produce about 2,500t in April, stable from last month. They hold about 500t of stocks presently, unchanged MoM.
Another producer in Hebei noted that they stopped production today due to the inspection of environmental protection. "We did not quote for zinc powder 96%min 325msh today as we are busy suspending production, but we should have quoted RMB24,140/t (USD3,325/t) EXW D/P for zinc powder 96%min 325mesh with no concessions according prices of zinc ingot today, up by about RMB200/t (USD28/t) from yesterday", said the producer, who sold about 30t at RMB23,940/t (USD3,298/t) yesterday. Given that most market participants would leave the market for holiday, they predicted that the mainstream prices of Chinese zinc powder would keep unchanged in the rest of this week.
The producer, with an annual production capacity of 24,000t of zinc powder, would produce about 1,000t in April, almost on par with last month. They hold no stocks presently, stable from late last month.
A producer in Jiangsu noted that they quoted RMB24,150/t (USD3,326/t) EXW D/P for zinc powder 96%min 325mesh today and could accept RMB23,950/t (USD3,399/t) for firm bids, while we refused prices less than RMB23,750/t (USD3,271/t) yesterday. "We sold about 100t at RMB23,950/t (USD3,399/t) today to regular clients and sold about 60t at RMB23,750/t (USD3,271/t) yesterday", said the producer, who anticipated that the mainstream prices of Chinese zinc oxide would keep stable in the coming few days considering that most market participants would leave the market for holiday.
On basis of an annual production capacity of 50,000t of zinc powder, the company would produce about 2,500t in April, stable from last month. They hold about 500t of stocks presently, unchanged MoM.
Another producer in Hebei noted that they stopped production today due to the inspection of environmental protection. "We did not quote for zinc powder 96%min 325msh today as we are busy suspending production, but we should have quoted RMB24,140/t (USD3,325/t) EXW D/P for zinc powder 96%min 325mesh with no concessions according prices of zinc ingot today, up by about RMB200/t (USD28/t) from yesterday", said the producer, who sold about 30t at RMB23,940/t (USD3,298/t) yesterday. Given that most market participants would leave the market for holiday, they predicted that the mainstream prices of Chinese zinc powder would keep unchanged in the rest of this week.
The producer, with an annual production capacity of 24,000t of zinc powder, would produce about 1,000t in April, almost on par with last month. They hold no stocks presently, stable from late last month.
