African columbite export market sees inactive inquiries
2023-04-14 08:08:56 [Print]
BEIJING (Asian Metal) 14 Apr 23 - Discouraged by weak demand from downstream consumers, African columbite export market witnessed inactive inquiries in the past week. The current mainstream prices in the African columbite export market decreased to USD15.5-15.8/lb Oxides FOB Africa, down by USD0.5/lb Oxides from early last week. As most consumers watch the market, insiders predict that the African columbite export prices would decrease further in the coming week.
An African trader claimed that they received no inquiry this week, while they received one inquiry last week. "We quote USD16.0/lb Oxides FOB Africa for columbite 50%min and could accept USD15.5/lb Oxides for orders no less than 20t at present, while we quoted USD16.5/lb Oxides and could accept USD16.0/lb Oxides for the same quantity early last week," said the trader, who last sold about 20t to a regular client at around USD16.0/lb Oxides in early April. As most downstream consumers remain inactive in sending inquiries, the trader plans to lower their price by around USD0.2/lb Oxides next week and predicts that the mainstream prices would decrease by about USD0.2/lb Oxides in the coming week.
The trader, based on a regular monthly trading volume of 10t, expects to sell around 20t in April, the same as March. They sold nearly 100t in 2022 and almost 60t so far in 2023. They hold no stock now, unchanged from last month.
"We received one inquiry this week, while we received two inquiries in total last week," said another African trader, who offers USD16.0/lb Oxides FOB Africa for columbite 50%min and could accept USD15.8/lb Oxides for orders of no less than 10t at the moment, while they quoted USD16.5/lb Oxides and could accept USD16.4/lb Oxides for the same quantity early last week. They failed to conclude new deals after they last sold about 10t to a regular client at around USD16.3/lb Oxides in late March. As most downstream consumers remain cautious in placing orders, the trader has no confidence in the market next week and predicts that the mainstream prices would decrease by around USD0.2/lb Oxides in the following week.
With a regular monthly trading volume of 10t, the trader would sell around 10t in April, unchanged MoM. They sold around 70t in 2022 and around 30t so far in 2023. They hold no stock now, the same as last month.
An African trader claimed that they received no inquiry this week, while they received one inquiry last week. "We quote USD16.0/lb Oxides FOB Africa for columbite 50%min and could accept USD15.5/lb Oxides for orders no less than 20t at present, while we quoted USD16.5/lb Oxides and could accept USD16.0/lb Oxides for the same quantity early last week," said the trader, who last sold about 20t to a regular client at around USD16.0/lb Oxides in early April. As most downstream consumers remain inactive in sending inquiries, the trader plans to lower their price by around USD0.2/lb Oxides next week and predicts that the mainstream prices would decrease by about USD0.2/lb Oxides in the coming week.
The trader, based on a regular monthly trading volume of 10t, expects to sell around 20t in April, the same as March. They sold nearly 100t in 2022 and almost 60t so far in 2023. They hold no stock now, unchanged from last month.
"We received one inquiry this week, while we received two inquiries in total last week," said another African trader, who offers USD16.0/lb Oxides FOB Africa for columbite 50%min and could accept USD15.8/lb Oxides for orders of no less than 10t at the moment, while they quoted USD16.5/lb Oxides and could accept USD16.4/lb Oxides for the same quantity early last week. They failed to conclude new deals after they last sold about 10t to a regular client at around USD16.3/lb Oxides in late March. As most downstream consumers remain cautious in placing orders, the trader has no confidence in the market next week and predicts that the mainstream prices would decrease by around USD0.2/lb Oxides in the following week.
With a regular monthly trading volume of 10t, the trader would sell around 10t in April, unchanged MoM. They sold around 70t in 2022 and around 30t so far in 2023. They hold no stock now, the same as last month.
