Indian LaCe mischmetal import market sees steady prices
2023-03-02 08:29:06 [Print]
BEIJING (Asian Metal) 2 Mar 23 - As importers held wait-and-see attitudes, the Indian metallurgical grade LaCe mischmetal (Ce/RE 65%min) market saw sporadic inquiries and deals over the past two weeks. However, the mainstream import prices of metallurgical grade LaCe mischmetal (Ce/RE 65%min) in India hovered unchanged at USD3.1-3.3/kg CIF India over the past half a month as Chinese exporters refused to lower prices. As exporters still have no intention to mark down prices, insiders predicted that the mainstream import prices of metallurgical grade LaCe mischmetal (Ce/RE 65%min) in India would still not change in the coming week.
An Indian importer noted that his regular Chinese exporters holds metallurgical grade LaCe mischmetal (Ce/RE 65%min) quotation firm at around USD3.3/kg CIF India to him at present. Based on his experience, he couldn't bargain for better prices if he would import now, the same as half a month ago. "I last imported 15t at around USD3.4/kg in mid-January," said the importer, who didn't purchase due to poor demand from his end users. His Chinese exporters prefer to hold stocks rather than accept counteroffer from him, so he predicted that the mainstream import prices of metallurgical grade LaCe mischmetal (Ce/RE 65%min) in India would continue standing at current levels in the upcoming week.
With a typical monthly import volume of seven tons of metallurgical grade LaCe mischmetal (Ce/RE 65%min), the importer imported 80t and 15t respectively in 2022 and so far in 2023. He expects no import this month, unchanged MoM. He doesn't have stock at the moment, in line with one month ago.
Another Indian importer disclosed that his regular Chinese exporters still quote around USD3.3/kg CIF India for metallurgical grade LaCe mischmetal (Ce/RE 65%min) to him at present. According to his experience, he could import at around USD3.1/kg if he would replenish stocks now, without much change from two weeks ago. He concluded his latest procurement late last week, when he imported 10t at around USD3.1/kg. "Given the abundant supply, I have no intention to import again unless I could get orders from consumers," said the importer, who couldn't bargain for better prices from his exporters and foresaw further stable prices in the Indian metallurgical grade LaCe mischmetal (Ce/RE 65%min) import market in the coming week.
The importer, with a typical monthly import volume of 10t of metallurgical grade LaCe mischmetal (Ce/RE 65%min), imported about 10t so far in 2023, compared with approximately 100t in 2022. He expects no procurement in March, the same as last month. He holds an inventory of around five tons now, without much change MoM.
An Indian importer noted that his regular Chinese exporters holds metallurgical grade LaCe mischmetal (Ce/RE 65%min) quotation firm at around USD3.3/kg CIF India to him at present. Based on his experience, he couldn't bargain for better prices if he would import now, the same as half a month ago. "I last imported 15t at around USD3.4/kg in mid-January," said the importer, who didn't purchase due to poor demand from his end users. His Chinese exporters prefer to hold stocks rather than accept counteroffer from him, so he predicted that the mainstream import prices of metallurgical grade LaCe mischmetal (Ce/RE 65%min) in India would continue standing at current levels in the upcoming week.
With a typical monthly import volume of seven tons of metallurgical grade LaCe mischmetal (Ce/RE 65%min), the importer imported 80t and 15t respectively in 2022 and so far in 2023. He expects no import this month, unchanged MoM. He doesn't have stock at the moment, in line with one month ago.
Another Indian importer disclosed that his regular Chinese exporters still quote around USD3.3/kg CIF India for metallurgical grade LaCe mischmetal (Ce/RE 65%min) to him at present. According to his experience, he could import at around USD3.1/kg if he would replenish stocks now, without much change from two weeks ago. He concluded his latest procurement late last week, when he imported 10t at around USD3.1/kg. "Given the abundant supply, I have no intention to import again unless I could get orders from consumers," said the importer, who couldn't bargain for better prices from his exporters and foresaw further stable prices in the Indian metallurgical grade LaCe mischmetal (Ce/RE 65%min) import market in the coming week.
The importer, with a typical monthly import volume of 10t of metallurgical grade LaCe mischmetal (Ce/RE 65%min), imported about 10t so far in 2023, compared with approximately 100t in 2022. He expects no procurement in March, the same as last month. He holds an inventory of around five tons now, without much change MoM.
