Chinese niobium oxide market prices increase
2023-03-16 08:26:59 [Print]
BEIJING (Asian Metal) 16 Mar 23 - Encouraged by active inquiries from downstream consumers, Chinese niobium oxide suppliers raised their prices in the past week. The current mainstream prices of Chinese niobium oxide 99.5%min increased to RMB300-305/kg (USD43.6-44.3/kg) EXW D/P, up by RMB3/kg (USD0.4/kg) from early last week. As columbite prices show uptrend, insiders predict that the Chinese niobium oxide prices would increase further in the coming week.
"We offer RMB305/kg (USD44.3/kg) EXW D/P for niobium oxide 99.5%min and could accept RMB303/kg (USD44.0/kg) for orders no less than 2t now, while we could accept RMB300/kg (USD43.6/kg) for the same quantity when we quoted RMB303/kg (USD44.0/kg) early last week," said a producer in South China, who received two inquiries so far this week, while they received only one inquiry last week. They last sold around 2t at about RMB300/kg (USD43.6/kg) to a regular client early last week. As columbite offers increased to USD17.0-17.5/lb Oxides CIF China, the producer plans to raise their price by around RMB2/kg (USD0.3/kg) next week and predicts that the mainstream prices would increase by around RMB2/kg (USD0.3/kg) in the coming week.
With an annual production capacity of 400t, the producer produced nearly 142t in 2022 and almost 10t so far in 2023. They would produce around 10t in March, up by 5t from last month. They hold no stock now, unchanged MoM.
A consumer in South China noted that most of their regular suppliers quoted RMB305/kg (USD44.3/kg) EXW D/P for niobium oxide 99.5%min and could accept no counteroffers today, while the most competitive price remained at around RMB302/kg (USD43.8/kg) for orders no less than 5t when most suppliers quoted RMB305/kg (USD44.3/kg) early last week. "We last bought about 5t at around RMB302/kg (USD43.8/kg) early last week," said the consumer, who failed to collect any materials at the same price level so far this week. As most suppliers remain optimistic about the market encouraged by higher columbite prices, the consumer predicts that the mainstream prices would increase by around RMB2/kg (USD0.3/kg) in the following week.
The consumer, based on an annual consumption capacity of 100t, expects to consume around 5t in March, unchanged MoM. They consumed nearly 60t in 2022 and around 12t so far in 2023. They hold about 5t of stocks now, unchanged from last month.
"We offer RMB305/kg (USD44.3/kg) EXW D/P for niobium oxide 99.5%min and could accept RMB303/kg (USD44.0/kg) for orders no less than 2t now, while we could accept RMB300/kg (USD43.6/kg) for the same quantity when we quoted RMB303/kg (USD44.0/kg) early last week," said a producer in South China, who received two inquiries so far this week, while they received only one inquiry last week. They last sold around 2t at about RMB300/kg (USD43.6/kg) to a regular client early last week. As columbite offers increased to USD17.0-17.5/lb Oxides CIF China, the producer plans to raise their price by around RMB2/kg (USD0.3/kg) next week and predicts that the mainstream prices would increase by around RMB2/kg (USD0.3/kg) in the coming week.
With an annual production capacity of 400t, the producer produced nearly 142t in 2022 and almost 10t so far in 2023. They would produce around 10t in March, up by 5t from last month. They hold no stock now, unchanged MoM.
A consumer in South China noted that most of their regular suppliers quoted RMB305/kg (USD44.3/kg) EXW D/P for niobium oxide 99.5%min and could accept no counteroffers today, while the most competitive price remained at around RMB302/kg (USD43.8/kg) for orders no less than 5t when most suppliers quoted RMB305/kg (USD44.3/kg) early last week. "We last bought about 5t at around RMB302/kg (USD43.8/kg) early last week," said the consumer, who failed to collect any materials at the same price level so far this week. As most suppliers remain optimistic about the market encouraged by higher columbite prices, the consumer predicts that the mainstream prices would increase by around RMB2/kg (USD0.3/kg) in the following week.
The consumer, based on an annual consumption capacity of 100t, expects to consume around 5t in March, unchanged MoM. They consumed nearly 60t in 2022 and around 12t so far in 2023. They hold about 5t of stocks now, unchanged from last month.
