Chinese mercury metal prices flat
2024-04-08 08:34:17 [Print]
BEIJINIG (Asian Metal) 8 Apr 24 - As suppliers hold their prices unchanged, the current mainstream prices of Chinese mercury metal 99.9%min hover at RMB1,040-1,050/kg (USD143.7-145.1/kg) Ex-VAT EXW D/P, the same as the prices before the holiday. Consumers only buy from hand to mouth due to the high prices and their cautious attitudes. Given the cautious attitudes of consumers but tight supply, insiders foresee that the mainstream prices of Chinese mercury metal would keep stable in the coming week.
A consumer in Guizhou offers RMB1,060/kg (USD146.5/kg) Ex-VAT EXW D/P for mercury metal 99.9%min and refuse prices lower than RMB1,040/kg (USD143.7/kg) today, the same as the prices before the holiday. "We last bought 3t at RMB990/kg (USD136.8/kg) Ex-VAT EXW D/P in the middle of March", said the consumer, adding that their demand reduces by about 70-80% compared with the same period of last year dragged by such high prices. However, given the tight supply, the consumer expects that the mainstream prices of Chinese mercury metal would go up in the upcoming week.
With an annual consumption capacity of 150t, the consumer estimates to consume 3t this month, in line with last month. They hold around 0.5t at the moment.
"We quote RMB1,060/kg (USD146.5/kg) Ex-VAT EXW D/P without any concession today, the same as the prices before the holiday", noted a trader in Guizhou, who closes no deal today and last sold 1t at this price before the holiday. The trader discloses that their consumers only buy from hand to mouth worrying price decrease soon. Considering that upstream producers intend to hold their prices stable, they forecast that the prevailing prices of Chinese mercury metal would remain steady in the forthcoming week.
Based on a typical monthly trading volume of around 5t, the trader predicts to sell approximately 5t this month, without much change from last month. They have about 3t in the warehouse at present.
A consumer in Guizhou offers RMB1,060/kg (USD146.5/kg) Ex-VAT EXW D/P for mercury metal 99.9%min and refuse prices lower than RMB1,040/kg (USD143.7/kg) today, the same as the prices before the holiday. "We last bought 3t at RMB990/kg (USD136.8/kg) Ex-VAT EXW D/P in the middle of March", said the consumer, adding that their demand reduces by about 70-80% compared with the same period of last year dragged by such high prices. However, given the tight supply, the consumer expects that the mainstream prices of Chinese mercury metal would go up in the upcoming week.
With an annual consumption capacity of 150t, the consumer estimates to consume 3t this month, in line with last month. They hold around 0.5t at the moment.
"We quote RMB1,060/kg (USD146.5/kg) Ex-VAT EXW D/P without any concession today, the same as the prices before the holiday", noted a trader in Guizhou, who closes no deal today and last sold 1t at this price before the holiday. The trader discloses that their consumers only buy from hand to mouth worrying price decrease soon. Considering that upstream producers intend to hold their prices stable, they forecast that the prevailing prices of Chinese mercury metal would remain steady in the forthcoming week.
Based on a typical monthly trading volume of around 5t, the trader predicts to sell approximately 5t this month, without much change from last month. They have about 3t in the warehouse at present.
