Chinese niobium oxide market prices down
2023-04-19 08:34:20 [Print]
BEIJING (Asian Metal) 19 Apr 23 - As most downstream consumers remained cautious in placing orders, Chinese niobium oxide suppliers lowered their prices to promote sales in the past week. The current mainstream prices of Chinese niobium oxide 99.5%min decreased to RMB295-300/kg (USD42.9-43.6/kg) EXW D/P, down by RMB2/kg (USD0.3/kg) from early last week. As most suppliers remain pessimistic about the market, insiders predict that the Chinese niobium oxide prices would decrease further in the coming week.
A producer in South China claimed that they quoted RMB300/kg (USD43.6/kg) EXW D/P for niobium oxide 99.5%min and could accept RMB298/kg (USD43.3/kg) for orders no less than 2t today, while they quoted RMB300/kg (USD43.6/kg) for the same quantity and could accept no counteroffers early last week. "We received one inquiry so far this week, while we received two inquiries in total last week," said the producer, who last sold about 2t at around RMB300/kg (USD43.6/kg) to a regular client early last week. Discouraged by inactive inquiries from consumers, the producer plans to lower their price by around RMB2/kg (USD0.3/kg) next week and predicts that the mainstream prices would decrease 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 15t so far in 2023. They would produce around 10t in April, unchanged from last month. They hold no stock now, unchanged MoM.
"Our regular suppliers offer RMB300/kg (USD43.6/kg) EXW D/P for niobium oxide 99.5%min and could accept RMB295/kg (USD42.9/kg) for orders no less than 5t at present, while they could accept RMB297/kg (USD43.2/kg) for the same quantity when they quoted RMB300/kg (USD43.6/kg) early last week," said a consumer in South China, who plans to delay purchasing after they last bought around 5t at about RMB297/kg (USD43.2/kg) in early March. As most suppliers compete for limited orders, the consumer predicts that the mainstream prices would decrease 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 April, unchanged from March. They consumed nearly 60t in 2022 and around 15t so far in 2023. They hold about 5t of stocks now, the same as last month.
A producer in South China claimed that they quoted RMB300/kg (USD43.6/kg) EXW D/P for niobium oxide 99.5%min and could accept RMB298/kg (USD43.3/kg) for orders no less than 2t today, while they quoted RMB300/kg (USD43.6/kg) for the same quantity and could accept no counteroffers early last week. "We received one inquiry so far this week, while we received two inquiries in total last week," said the producer, who last sold about 2t at around RMB300/kg (USD43.6/kg) to a regular client early last week. Discouraged by inactive inquiries from consumers, the producer plans to lower their price by around RMB2/kg (USD0.3/kg) next week and predicts that the mainstream prices would decrease 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 15t so far in 2023. They would produce around 10t in April, unchanged from last month. They hold no stock now, unchanged MoM.
"Our regular suppliers offer RMB300/kg (USD43.6/kg) EXW D/P for niobium oxide 99.5%min and could accept RMB295/kg (USD42.9/kg) for orders no less than 5t at present, while they could accept RMB297/kg (USD43.2/kg) for the same quantity when they quoted RMB300/kg (USD43.6/kg) early last week," said a consumer in South China, who plans to delay purchasing after they last bought around 5t at about RMB297/kg (USD43.2/kg) in early March. As most suppliers compete for limited orders, the consumer predicts that the mainstream prices would decrease 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 April, unchanged from March. They consumed nearly 60t in 2022 and around 15t so far in 2023. They hold about 5t of stocks now, the same as last month.
