Chinese zinc powder prices edge up
2024-04-25 08:11:46 [Print]
BEIJING (Asian Metal) 25 Apr 24 - Most buyers purchase from hand to mouth due to weak demand, while most sellers raise prices of zinc powder following price of zinc ingot today. The current mainstream prices of Chinese zinc powder 96%min 325mesh stand at RMB25,350-25,550/t (USD3,492-3,519/t) EXW D/P, up by RMB30/t (USD4.1/t) from yesterday. Considering that most market participants hold negative attitudes towards zinc ingot market, insiders predict that the mainstream prices of Chinese zinc powder would edge down in the coming week.
A producer in Zhejiang notes that they quote RMB25,580/t (USD3,523/t) EXW D/P for zinc powder 96%min 325mesh and would like to sell at RMB25,550/t (USD3,519/t) for firm bids today, while they refused prices less than RMB25,520/t (USD3,515/t) yesterday. "We sell about 60t at RMB25,550/t (USD3,519/t) today and sold about 90t at RMB25,520/t (USD3,515/t) yesterday", said the producer, who predicts that the mainstream prices of Chinese zinc powder would edge down in the coming week considering negative attitudes towards zinc ingot market.
On basis of an annual production capacity of 30,000t of zinc powder, the producer would produce about 2,000t in April, stable from last month. Their output recorded about 8,000t till now in 2024. They hold no inventories at the moment, down by about 500t from late last month.
"We quote RMB25,550/t (USD3,519/t) EXW D/P for zinc powder 96%min 325mesh today and could accept price as low as RMB25,350/t (USD3,492/t) to regular clients, and we refused prices lower than RMB25,320/t (USD3,488/t) yesterday", another producer in Hebei disclosed. They only sell about 30t at RMB25,350/t (USD3,492/t) to a regular client today, while they did not close deals yesterday. Given that most market participants hold bearish attitudes towards zinc ingot, they anticipate that the mainstream prices of Chinese zinc powder would edge down in the week to come.
The producer, with an annual production capacity of 24,000t of zinc powder, would produce about 700t in April due to maintenance, down by about 300t from last month. They produced about 3,800t so far in 2024. They hold about 600t of inventories presently, up by about 100t from late last month.
A producer in Zhejiang notes that they quote RMB25,580/t (USD3,523/t) EXW D/P for zinc powder 96%min 325mesh and would like to sell at RMB25,550/t (USD3,519/t) for firm bids today, while they refused prices less than RMB25,520/t (USD3,515/t) yesterday. "We sell about 60t at RMB25,550/t (USD3,519/t) today and sold about 90t at RMB25,520/t (USD3,515/t) yesterday", said the producer, who predicts that the mainstream prices of Chinese zinc powder would edge down in the coming week considering negative attitudes towards zinc ingot market.
On basis of an annual production capacity of 30,000t of zinc powder, the producer would produce about 2,000t in April, stable from last month. Their output recorded about 8,000t till now in 2024. They hold no inventories at the moment, down by about 500t from late last month.
"We quote RMB25,550/t (USD3,519/t) EXW D/P for zinc powder 96%min 325mesh today and could accept price as low as RMB25,350/t (USD3,492/t) to regular clients, and we refused prices lower than RMB25,320/t (USD3,488/t) yesterday", another producer in Hebei disclosed. They only sell about 30t at RMB25,350/t (USD3,492/t) to a regular client today, while they did not close deals yesterday. Given that most market participants hold bearish attitudes towards zinc ingot, they anticipate that the mainstream prices of Chinese zinc powder would edge down in the week to come.
The producer, with an annual production capacity of 24,000t of zinc powder, would produce about 700t in April due to maintenance, down by about 300t from last month. They produced about 3,800t so far in 2024. They hold about 600t of inventories presently, up by about 100t from late last month.
