Chinese zinc oxide prices up
2024-04-15 08:33:11 [Print]
BEIJING (Asian Metal) 15 Apr 24 – Most suppliers raised prices of zinc oxide as prices of raw materials increased. The current mainstream prices of Chinese zinc oxide 99.7%min Pb0.008%max stand at RMB20,000-20,500/t (USD2,759-2,828/t) EXW D/P, up by about RMB500/t (USD69/t) from early this week. Insiders predict that the mainstream prices of Chinese zinc oxide would keep stable in the coming week considering watchful attitudes from buyers.
A producer in Jiangsu notes that they lifted price of zinc oxide 99.7%min Pb0.008%max from RMB20,000/t (USD2,759/t) EXW D/P to RMB20,500/t (USD2,828/t) with no concessions yesterday as prices of raw material increased. "We sell about 60t at RMB20,500/t (USD2,828/t) today and sold about 30t at RMB20,000/t (USD2,759/t) early this week", says the producer, who would keep price stable despite most buyers hold back from purchasing. They predict that the mainstream prices of Chinese zinc oxide would keep stable in the week to come.
The producer, with an annual production capacity of 9,600t of zinc oxide, plans to produce about 600t in March, up by about 100t from last month. They produced about 1,200t so far in 2024 and produced about 7,000t in 2023. They hold almost 100t of stocks at the moment, almost on par with late last month.
"We quote RMB21,000/t (USD2,897/t) EXW D/P for zinc oxide 99.7%min Pb0.008%max today and would like to sell at prices no less than RMB20,500/t (USD2,828/t) to regular clients, while we refused prices lower than RMB20,000/t (USD2,759/t) even for regular clients early this week", another producer in Jiangsu mentions and explains that they raised prices due to increased prices of raw materials. They sell about 30t at RMB20,500/t (USD2,828/t) to a regular client today and sold about 60t at RMB20,000/t (USD2,759/t) early this week", notes the producer, who complains that most buyers hold back from purchasing as prices increased. They predict that the mainstream prices of Chinese zinc oxide would keep stable in the coming week.
With a production capacity of 60,000tpy of zinc oxide, the producer would produce about 2,000t in April, almost stable from last month. They hold about 300t of stocks presently, down by about 400t from late last month.
A producer in Jiangsu notes that they lifted price of zinc oxide 99.7%min Pb0.008%max from RMB20,000/t (USD2,759/t) EXW D/P to RMB20,500/t (USD2,828/t) with no concessions yesterday as prices of raw material increased. "We sell about 60t at RMB20,500/t (USD2,828/t) today and sold about 30t at RMB20,000/t (USD2,759/t) early this week", says the producer, who would keep price stable despite most buyers hold back from purchasing. They predict that the mainstream prices of Chinese zinc oxide would keep stable in the week to come.
The producer, with an annual production capacity of 9,600t of zinc oxide, plans to produce about 600t in March, up by about 100t from last month. They produced about 1,200t so far in 2024 and produced about 7,000t in 2023. They hold almost 100t of stocks at the moment, almost on par with late last month.
"We quote RMB21,000/t (USD2,897/t) EXW D/P for zinc oxide 99.7%min Pb0.008%max today and would like to sell at prices no less than RMB20,500/t (USD2,828/t) to regular clients, while we refused prices lower than RMB20,000/t (USD2,759/t) even for regular clients early this week", another producer in Jiangsu mentions and explains that they raised prices due to increased prices of raw materials. They sell about 30t at RMB20,500/t (USD2,828/t) to a regular client today and sold about 60t at RMB20,000/t (USD2,759/t) early this week", notes the producer, who complains that most buyers hold back from purchasing as prices increased. They predict that the mainstream prices of Chinese zinc oxide would keep stable in the coming week.
With a production capacity of 60,000tpy of zinc oxide, the producer would produce about 2,000t in April, almost stable from last month. They hold about 300t of stocks presently, down by about 400t from late last month.
