European germanium metal market runs smoothly
2023-03-24 11:47:05 [Print]
BEIJING (Asian Metal) 24 Mar 23 - European germanium metal 99.99%min market ran smoothly over the past week and most downstream consumers kept purchasing from hand to mouth. Driven by firm import prices, most suppliers also insisted on their prices and waited for consumers to bid. The current prevailing prices of European germanium metal 99.99%min hover at USD1,270-1,320/kg in warehouse Rotterdam, in line with the end of last week. Insiders are of the opinion that the mainstream prices of European germanium metal 99.99%min would stay firm in the coming week supported by firm prices from suppliers at present.
A consumer in Europe noted that their regular suppliers generally insist on USD1,300/kg in warehouse Rotterdam for germanium metal 99.99%min now and few of them could accept any lower price even for firm bids, unchanged from the end of last week. They last purchased around 300kg at USD1,200/kg CIF warehouse Rotterdam early last week and usually purchase once a month, so they would like to watch the market in rest days of this month. The source said, "We believe that the mainstream prices of European germanium metal 99.99%min would stay stable in the upcoming week due to firm prices from suppliers now."
The consumer, with a consumption capacity of 6tpy of germanium metal 99.99%min, expects to consume around 300kg this month, in line with last month. They hold around 500kg of stocks now, unchanged from the end of last month. They consumed around 3.6t in 2022 and around 600kg till now in 2023.
A trader in Europe disclosed that they insist on USD1,500/kg in warehouse Rotterdam for germanium metal 99.99%min even for firm bids no more than 50kg now, in line with last week. They last sold around 40kg at USD1,500/kg in warehouse Rotterdam in the middle of last month and then kept watching the market till now. "We forecast that the mainstream prices of European germanium metal 99.99%min would stay firm in the following week due to firm prices from suppliers presently," the source said.
The trader, based on a regular month trading volume of 100kg of germanium metal 99.99%min, expects to close no deal this month and sold around 100kg last month. They hold about 200kg of inventory presently, the same as late last month. They sold about 1.2t in 2022 and about 100kg so far in 2023.
A consumer in Europe noted that their regular suppliers generally insist on USD1,300/kg in warehouse Rotterdam for germanium metal 99.99%min now and few of them could accept any lower price even for firm bids, unchanged from the end of last week. They last purchased around 300kg at USD1,200/kg CIF warehouse Rotterdam early last week and usually purchase once a month, so they would like to watch the market in rest days of this month. The source said, "We believe that the mainstream prices of European germanium metal 99.99%min would stay stable in the upcoming week due to firm prices from suppliers now."
The consumer, with a consumption capacity of 6tpy of germanium metal 99.99%min, expects to consume around 300kg this month, in line with last month. They hold around 500kg of stocks now, unchanged from the end of last month. They consumed around 3.6t in 2022 and around 600kg till now in 2023.
A trader in Europe disclosed that they insist on USD1,500/kg in warehouse Rotterdam for germanium metal 99.99%min even for firm bids no more than 50kg now, in line with last week. They last sold around 40kg at USD1,500/kg in warehouse Rotterdam in the middle of last month and then kept watching the market till now. "We forecast that the mainstream prices of European germanium metal 99.99%min would stay firm in the following week due to firm prices from suppliers presently," the source said.
The trader, based on a regular month trading volume of 100kg of germanium metal 99.99%min, expects to close no deal this month and sold around 100kg last month. They hold about 200kg of inventory presently, the same as late last month. They sold about 1.2t in 2022 and about 100kg so far in 2023.
