European tantalite market witnesses active inquiries
2023-03-03 08:52:19 [Print]
BEIJING (Asian Metal) 3 Mar 23 - Encouraged by strong demand from most consumers, European tantalite market witnessed active inquiries in the past week. The current mainstream prices of European tantalite 30%min increased to USD108-110/lb Ta2O5 in warehouse Rotterdam, up by USD3/lb from early last week. As most suppliers stay in no hurry to sell, insiders predict that the mainstream prices would increase further in the coming week.
A trader in Europe claimed that they received three inquiries this week, while they received two inquiries in total last week. "We quote USD110/lb Ta2O5 in warehouse Rotterdam for tantalite 30%min and could accept no counteroffers at the moment, while we could accept USD107/lb Ta2O5 for orders no less than 10t when we quoted USD108/lb Ta2O5 early last week," said the trader, who last sold around 10t at about USD107/lb Ta2O5 to a regular client early last week. As most downstream consumers remain active in sending inquiries, the trader plans to raise their price by around USD3/lb Ta2O5 next week and predicts that the mainstream prices would increase by around USD3/lb Ta2O5 in the coming week.
The trader, based on a regular monthly trading volume of 10t, expects to sell around 10t in March, unchanged from last month. They sold around 150t in 2021 and almost 120t in 2022. They hold no stock now, the same as last month.
"We received four inquiries this week, while we received only two inquiries last week," said another trader in Europe, who offers USD113/lb Ta2O5 in warehouse Rotterdam for tantalite 30%min and could accept USD110/lb Ta2O5 for orders no less than 10t at present, while they quoted USD110/lb Ta2O5 and could accept USD107/lb Ta2O5 for the same quantity early last week. They just sold around 20t at about USD110/lb Ta2O5 to a regular client early this week. Encouraged by strong demand from downstream consumers, the trader remains optimistic about the market and predicts that the mainstream prices would increase by around USD3/lb Ta2O5 in the following week.
With a regular monthly trading volume of 20t, the trader would sell about 20t in March, unchanged from last month. They sold nearly 240t in 2021 and almost 260t in 2022. They hold no stock now, down by 10t from last month.
A trader in Europe claimed that they received three inquiries this week, while they received two inquiries in total last week. "We quote USD110/lb Ta2O5 in warehouse Rotterdam for tantalite 30%min and could accept no counteroffers at the moment, while we could accept USD107/lb Ta2O5 for orders no less than 10t when we quoted USD108/lb Ta2O5 early last week," said the trader, who last sold around 10t at about USD107/lb Ta2O5 to a regular client early last week. As most downstream consumers remain active in sending inquiries, the trader plans to raise their price by around USD3/lb Ta2O5 next week and predicts that the mainstream prices would increase by around USD3/lb Ta2O5 in the coming week.
The trader, based on a regular monthly trading volume of 10t, expects to sell around 10t in March, unchanged from last month. They sold around 150t in 2021 and almost 120t in 2022. They hold no stock now, the same as last month.
"We received four inquiries this week, while we received only two inquiries last week," said another trader in Europe, who offers USD113/lb Ta2O5 in warehouse Rotterdam for tantalite 30%min and could accept USD110/lb Ta2O5 for orders no less than 10t at present, while they quoted USD110/lb Ta2O5 and could accept USD107/lb Ta2O5 for the same quantity early last week. They just sold around 20t at about USD110/lb Ta2O5 to a regular client early this week. Encouraged by strong demand from downstream consumers, the trader remains optimistic about the market and predicts that the mainstream prices would increase by around USD3/lb Ta2O5 in the following week.
With a regular monthly trading volume of 20t, the trader would sell about 20t in March, unchanged from last month. They sold nearly 240t in 2021 and almost 260t in 2022. They hold no stock now, down by 10t from last month.
