Chinese lutetium oxide price to decline
2016-02-26 09:32:34 [Print]
BEIJING (Asian Metal) 26 Feb 16 - Chinese lutetium oxide 99.99%min market witnessed soft demand and rare inquiries over the past week. Mainstream separation plants still quoted at RMB4,800-4,900/kg (USD735-750/kg) by cash payment, almost the same with thoseof one week ago. While some small plants lowered their offers to RMB4,300-4,500/kg (USD658-689/kg) by cash payment. Consumers are still inactive to make purchases, and insiders predicted that the price will declined a bit in the coming week.
A producer in South China claimed that current lutetium oxide 99.99%min market saw few deals and he has not received any inquiries since the Spring Festival. He quotes RMB4,800/kg (USD735/kg) by cash payment for the material, without much change compared with that of one week ago. He noted that he sold around 100kg of the material at RMB4,800/kg (USD735/kg) by cash payment in early January, and he has not concluded any deals since then. He disclosed that he still has around 3 tons of stocks now.
The producer, whose annual production capacity of lutetium oxide 99.99%min is around 5 tons, usually produces around 300kg of the material per month through separation yttrium concentrate. He disclosed that lutetium oxide 99.99%min market shows no signs of reviving now, and most suppliers still has large volumes of stocks now.
Another producer disclosed that he hasn’t sold lutetium oxide 99.99%min since the New Year, and he still holds around 2 tons of stocks now. The producer sold around 200kg of the material at RMB4,900/kg (USD750/kg) in late December of 2015, and he said the market price keep stable now. He disclosed that some small plant sold some lower quality lutetium oxide 99.99%min at around RMB4,500/kg (USD689/kg) by cash payment. He is also pessimistic about the market.
The producer, who usually produces around 200kg of the material per month, has an annual production capacity of 4 tons. He said that market is still oversupplied, and the market price will slide a bit in the coming week.
A producer in South China claimed that current lutetium oxide 99.99%min market saw few deals and he has not received any inquiries since the Spring Festival. He quotes RMB4,800/kg (USD735/kg) by cash payment for the material, without much change compared with that of one week ago. He noted that he sold around 100kg of the material at RMB4,800/kg (USD735/kg) by cash payment in early January, and he has not concluded any deals since then. He disclosed that he still has around 3 tons of stocks now.
The producer, whose annual production capacity of lutetium oxide 99.99%min is around 5 tons, usually produces around 300kg of the material per month through separation yttrium concentrate. He disclosed that lutetium oxide 99.99%min market shows no signs of reviving now, and most suppliers still has large volumes of stocks now.
Another producer disclosed that he hasn’t sold lutetium oxide 99.99%min since the New Year, and he still holds around 2 tons of stocks now. The producer sold around 200kg of the material at RMB4,900/kg (USD750/kg) in late December of 2015, and he said the market price keep stable now. He disclosed that some small plant sold some lower quality lutetium oxide 99.99%min at around RMB4,500/kg (USD689/kg) by cash payment. He is also pessimistic about the market.
The producer, who usually produces around 200kg of the material per month, has an annual production capacity of 4 tons. He said that market is still oversupplied, and the market price will slide a bit in the coming week.
