South Korean yttrium oxide market sees stable prices
2023-04-26 08:30:18 [Print]
BEIJING (Asian Metal) 26 Apr 23 - The South Korean yttrium oxide 99.999%min market saw slow buying activities over the past two weeks due to buyers' wait-and-see attitudes. The current yttrium oxide 99.999%min mainstream prices in South Korea hover at KRW10,970-11,620/kg (USD8.2-8.7/kg) at South Korean ports, in line with half a month ago. Insiders forecasted that the yttrium oxide 99.999%min mainstream prices in South Korea would slide a bit in the coming week as consumers purchase inactively.
A South Korean buyer disclosed that his regular suppliers hold yttrium oxide 99.999%min quotation steady at about KRW12,020/kg (USD/kg) at South Korean ports to him at present. Based on his experience, he could purchase at around KRW11,620/kg (USD8.7/kg) now, without much change from half a month ago. "I last purchased six tons at around KRW11,620/kg (USD8.7/kg) early this month," said the buyer, who plans to hold a wait-and-see attitude towards the market in the coming week. Given that buyers purchase inactively, he forecasted that the yttrium oxide 99.999%min mainstream prices in South Korea would slide by around KRW150/kg (USD0.1/kg) in the coming week.
With a typical monthly purchase volume of six tons of yttrium oxide 99.999%min, the trader expects a purchase volume of around six tons this month, without much change MoM. They bought approximately 65t and 12t respectively last year and so far this year. They hold an inventory of around seven tons now, in line with late March.
A South Korean trader noted that his regular suppliers quote about KRW11,370/kg (USD8.5/kg) at South Korean ports for yttrium oxide 99.999%min to him at the moment. According to his experience, he could purchase at around KRW10,970/kg (USD8.2/kg) now, the same as two weeks ago. He concluded his latest procurement in early March, when he purchased 10t at about KRW10,650/kg (USD8.0/kg). "We have no plan to purchase yttrium oxide 99.999%min again in the coming month," said the trader, who predicted that the yttrium oxide 99.999%min mainstream prices in South Korea have room to go down in the forthcoming week.
The trader, with a typical monthly trading volume of six tons of yttrium oxide 99.999%min, bought about 20t so far in 2023, compared with approximately 72t in 2022. He expects no procurement in April, down by 10t MoM. He has about 10t of stocks now, a decline of one ton MoM.
A South Korean buyer disclosed that his regular suppliers hold yttrium oxide 99.999%min quotation steady at about KRW12,020/kg (USD/kg) at South Korean ports to him at present. Based on his experience, he could purchase at around KRW11,620/kg (USD8.7/kg) now, without much change from half a month ago. "I last purchased six tons at around KRW11,620/kg (USD8.7/kg) early this month," said the buyer, who plans to hold a wait-and-see attitude towards the market in the coming week. Given that buyers purchase inactively, he forecasted that the yttrium oxide 99.999%min mainstream prices in South Korea would slide by around KRW150/kg (USD0.1/kg) in the coming week.
With a typical monthly purchase volume of six tons of yttrium oxide 99.999%min, the trader expects a purchase volume of around six tons this month, without much change MoM. They bought approximately 65t and 12t respectively last year and so far this year. They hold an inventory of around seven tons now, in line with late March.
A South Korean trader noted that his regular suppliers quote about KRW11,370/kg (USD8.5/kg) at South Korean ports for yttrium oxide 99.999%min to him at the moment. According to his experience, he could purchase at around KRW10,970/kg (USD8.2/kg) now, the same as two weeks ago. He concluded his latest procurement in early March, when he purchased 10t at about KRW10,650/kg (USD8.0/kg). "We have no plan to purchase yttrium oxide 99.999%min again in the coming month," said the trader, who predicted that the yttrium oxide 99.999%min mainstream prices in South Korea have room to go down in the forthcoming week.
The trader, with a typical monthly trading volume of six tons of yttrium oxide 99.999%min, bought about 20t so far in 2023, compared with approximately 72t in 2022. He expects no procurement in April, down by 10t MoM. He has about 10t of stocks now, a decline of one ton MoM.
