American tantalum metal suppliers pessimistic about the market
2023-04-07 10:31:31 [Print]
BEIJING (Asian Metal) 7 Apr 23 - As most downstream consumers lacked interest in purchasing, American tantalum metal suppliers remained pessimistic about the market in the past week. The current mainstream prices of American tantalum metal 99.95%min decreased to USD374-384/kg D/P, down by USD1/kg from early last week. As tantalite prices show downtrend, insiders predict that the mainstream prices would decrease further in the coming week.
"Discouraged by inactive inquiries, we remain pessimistic about the market," said a producer in the U.S., who received no inquiry this week, while they received one inquiry in total last week. They offer USD385/kg D/P for tantalum metal 99.95%min and could accept USD384/kg for orders no less than 1t at the moment, while they insisted on USD385/kg D/P for the same quantity early last week. They last sold about 1t to a regular client at around USD385/kg early last week. As most consumers delay purchasing, the producer plans to accept a counteroffer of around USD2/kg next week and predicts that the mainstream price would decrease by around USD2/kg in the coming week.
Based on an annual production capacity of 60t, the producer would produce around 3t in April, unchanged from March. They produced nearly 50t in 2022 and around 10t so far in 2023. They hold around 3t of stocks now, the same as last month.
A trader in the U.S. noted that they has no confidence in the market discouraged by lower tantalite prices and weak demand from end users. They quote USD385/kg D/P for tantalum metal 99.95%min and could accept USD383/kg for orders no less than 1t at present, while they could accept USD384/kg for the same quantity when they offered USD385/kg early last week. "We received only one inquiry this week, while we received two inquiries in total last week," said the trader, who last sold around 1t at around USD384/kg to a regular client early last week. Discouraged by inactive inquiries from downstream consumers, the trader remains pessimistic about the market next week and predicts that the mainstream prices would decrease by about USD2/kg in the following week.
With a regular monthly trading volume of 5t, the trader would sell around 5t in April, unchanged from last month. They sold nearly 53t in 2022 and almost 17t so far in 2023. They hold around 2t of stocks now, unchanged from March.
"Discouraged by inactive inquiries, we remain pessimistic about the market," said a producer in the U.S., who received no inquiry this week, while they received one inquiry in total last week. They offer USD385/kg D/P for tantalum metal 99.95%min and could accept USD384/kg for orders no less than 1t at the moment, while they insisted on USD385/kg D/P for the same quantity early last week. They last sold about 1t to a regular client at around USD385/kg early last week. As most consumers delay purchasing, the producer plans to accept a counteroffer of around USD2/kg next week and predicts that the mainstream price would decrease by around USD2/kg in the coming week.
Based on an annual production capacity of 60t, the producer would produce around 3t in April, unchanged from March. They produced nearly 50t in 2022 and around 10t so far in 2023. They hold around 3t of stocks now, the same as last month.
A trader in the U.S. noted that they has no confidence in the market discouraged by lower tantalite prices and weak demand from end users. They quote USD385/kg D/P for tantalum metal 99.95%min and could accept USD383/kg for orders no less than 1t at present, while they could accept USD384/kg for the same quantity when they offered USD385/kg early last week. "We received only one inquiry this week, while we received two inquiries in total last week," said the trader, who last sold around 1t at around USD384/kg to a regular client early last week. Discouraged by inactive inquiries from downstream consumers, the trader remains pessimistic about the market next week and predicts that the mainstream prices would decrease by about USD2/kg in the following week.
With a regular monthly trading volume of 5t, the trader would sell around 5t in April, unchanged from last month. They sold nearly 53t in 2022 and almost 17t so far in 2023. They hold around 2t of stocks now, unchanged from March.
