Chinese mercury metal prices stable
2024-04-04 07:24:53 [Print]
BEIJING (Asian Metal) 4 Apr 24 - Due to the refusal attitudes of consumers to accept higher prices but tight supply of spot market, Chinese mercury metal suppliers held their prices stable this week. Today, the prevailing prices of Chinese mercury metal 99.9%min stand at RMB1,040-1,045/kg (USD143.7-144.4/kg) Ex-VAT EXW D/P, without much change from last week. Consumers only buy from hand to mouth due to their cautious attitudes towards the price trend and traders also sell off their inventory owing to concerns about falling prices. Given the bearish attitudes of the market participants, insiders anticipate that the prevailing prices of Chinese mercury metal would go down slightly after holiday.
"Our supplier quoted RMB1,050/kg (USD145.1/kg) Ex-VAT EXW D/P without any concession for mercury metal 99.9%min from last week", said a consumer in Guizhou, who didn't buy this week and last bought 4t at RMB1,030/kg (USD142.4/kg) Ex-VAT EXW D/P late last week, explaining that they have other collaborations with this supplier, which is why the price remained below the market level. The consumer added that with the current mercury metal prices, their mercury catalyst production only yields a profit of RMB3,000-4,000/t (USD414.6-552.8/kg). Given that the current prices stay at the historically high level, they foresee that the mainstream prices of Chinese mercury metal would move down after holiday.
With an annual consumption capacity of 280t, they expect to consume about 7t in April, down by about 2t MoM. They hold around 3t of stocks at the moment.
"We offer RMB1,050/kg (USD145.1/kg) Ex-VAT EXW D/P for mercury metal 99.9%min and could consider the price as low as RMB1,040/kg (USD143.7/kg) today, without much change from last week", said a producer in Guizhou, who got no inquiry this week and last sold 2t at RMB1,050/kg (USD145.1/kg) late last week. The producer stressed that their consumers only buy from hand to mouth for fear of reducing prices. But given the tight supply, they forecast that the prevailing prices of Chinese mercury metal would hover at the present level after holiday.
With an annual production capacity of 150t, the producer estimates to produce about 5t this month, without much change from last month. They hold no inventory for the time being.
"Our supplier quoted RMB1,050/kg (USD145.1/kg) Ex-VAT EXW D/P without any concession for mercury metal 99.9%min from last week", said a consumer in Guizhou, who didn't buy this week and last bought 4t at RMB1,030/kg (USD142.4/kg) Ex-VAT EXW D/P late last week, explaining that they have other collaborations with this supplier, which is why the price remained below the market level. The consumer added that with the current mercury metal prices, their mercury catalyst production only yields a profit of RMB3,000-4,000/t (USD414.6-552.8/kg). Given that the current prices stay at the historically high level, they foresee that the mainstream prices of Chinese mercury metal would move down after holiday.
With an annual consumption capacity of 280t, they expect to consume about 7t in April, down by about 2t MoM. They hold around 3t of stocks at the moment.
"We offer RMB1,050/kg (USD145.1/kg) Ex-VAT EXW D/P for mercury metal 99.9%min and could consider the price as low as RMB1,040/kg (USD143.7/kg) today, without much change from last week", said a producer in Guizhou, who got no inquiry this week and last sold 2t at RMB1,050/kg (USD145.1/kg) late last week. The producer stressed that their consumers only buy from hand to mouth for fear of reducing prices. But given the tight supply, they forecast that the prevailing prices of Chinese mercury metal would hover at the present level after holiday.
With an annual production capacity of 150t, the producer estimates to produce about 5t this month, without much change from last month. They hold no inventory for the time being.
