Chinese mercury metal prices up
2024-04-18 08:19:24 [Print]
BEIJING (Asian Metal) 18 Apr 24 - Under bullish attitudes of suppliers and tight supply, the mainstream prices of Chinese mercury metal 99.9%min increase to RMB1,150-1,170/kg (USD158.7-161.5/kg) Ex-VAT EXW D/P, up by about RMB30/kg (USD4.14/kg) from early this week. Consumers only buy from hand to mouth due to the historically high prices, while suppliers still hold bullish attitudes towards the price trend. As a result, insiders predict that the mainstream prices of Chinese mercury metal would move up further in the coming week.
"We refuse prices lower than RMB1,220/kg (USD168.4/kg) In-VAT EXW D/P for mercury metal 99.9%min today, while we could accept the price as low as RMB1,200/kg (USD165.6/kg) on Monday", noted producer in Guizhou, who fails to close any deal today and sold 1t at RMB1,200/kg (USD165.6/kg) on Monday. The producer notes that their consumers buy actively as their prices remain lower than others. Given the tight supply, they predict that the mainstream prices of Chinese mercury metal would go up in the coming week.
With an annual production capacity of 500t, they estimate to produce about 15t this month, down by about 10t MoM. Holding about 6t of stocks, they produced about 300t in 2023 and plan to produce less this year due to thin profit.
"We refuse prices lower than RMB1,200/kg (USD165.6/kg) Ex-VAT EXW D/P for mercury metal 99.9%min today, while we could consider the price as low as RMB1,160/kg (USD160.1/kg) this Monday", stated another producer in Guizhou, adding that demand of cinnabar industry stays very strong and consumers could accept it normally. Considering the short supply, they foresee that the mainstream prices of Chinese mercury metal would go up further in the coming week.
Based on an annual production capacity of 300t, the producer estimates to produce approximately 11t this month, up by about 6t MoM. They hold around 20t of stocks for the time being.
"We refuse prices lower than RMB1,220/kg (USD168.4/kg) In-VAT EXW D/P for mercury metal 99.9%min today, while we could accept the price as low as RMB1,200/kg (USD165.6/kg) on Monday", noted producer in Guizhou, who fails to close any deal today and sold 1t at RMB1,200/kg (USD165.6/kg) on Monday. The producer notes that their consumers buy actively as their prices remain lower than others. Given the tight supply, they predict that the mainstream prices of Chinese mercury metal would go up in the coming week.
With an annual production capacity of 500t, they estimate to produce about 15t this month, down by about 10t MoM. Holding about 6t of stocks, they produced about 300t in 2023 and plan to produce less this year due to thin profit.
"We refuse prices lower than RMB1,200/kg (USD165.6/kg) Ex-VAT EXW D/P for mercury metal 99.9%min today, while we could consider the price as low as RMB1,160/kg (USD160.1/kg) this Monday", stated another producer in Guizhou, adding that demand of cinnabar industry stays very strong and consumers could accept it normally. Considering the short supply, they foresee that the mainstream prices of Chinese mercury metal would go up further in the coming week.
Based on an annual production capacity of 300t, the producer estimates to produce approximately 11t this month, up by about 6t MoM. They hold around 20t of stocks for the time being.
