Chinese suppliers raise gadolinium oxide offers
2015-12-01 08:46:27 [Print]
BEIJING (Asian Metal) 1 Dec 15 - Chinese gadolinium oxide 99.5%min mainstream prices remain stable at RMB72,000-73,000/t (USD11,268-11,424/t) by cash payment, unchanged compared with those of one week ago. Some suppliers raised their offers to around RMB74,000-75,000/t (USD11,581-11,737/t) by cash payment, but failed to conclude deals. As suppliers are in no hurry to sell the material, insiders believes that the price will rise a bit in the coming week.
A trader in South China claimed that current gadolinium oxide 99.5%min market remains dim and consumers usually purchase the material with small volume. He said that current gadolinium oxide 99.5%min price hovers at RMB73,000/t (USD11,424/t) by cash payment, the same with that of one week ago. He also noted that some suppliers raise their offers to around RMB75,000/t (USD11,737/t) by cash payment, but it is hard for them to conclude deals. He said the replacement cost is high and he prefers to hold a wait-and-see attitude at the moment.
The trader, whose monthly trading volume of gadolinium oxide 99.5%min is around 15 tons, sold around 10 tons of the material in October, and only 5 tons in November. He disclosed that he still hold about 5 tons of stocks purchased at RMB76,000/t (USD11,894/t) by cash payment in October. So he is going to keep eyes on the market next week.
A smelter in South China disclosed that gadolinium oxide 99.5%min market shows no much change over the past week. He said the current gadolinium oxide 99.5%min price is around RMB72,000/t (USD11,424/t) by cash payment. He noted that he purchased around 10 tons of the material at RMB72,000/t (USD11,268/t) in early November. He also mentioned that some suppliers raised their offers to around RMB74,000-75,000/t (USD11,581-11,737/t) by cash payment, but failed to conclude deals. He predicted that the price will rise a bit in the coming week as he has difficulty in purchasing the material at a lower price now.
With an annual production capacity of 400 tons of ferrogadolinium 73%min, he usually consumes around 30 tons of gadolinium oxide 99.5%min per month. He said he consumed around 25 tons of the material in this November and his orders reduced due to soft downstream demand. He purchases for immediate use now, and holds around 5 tons of the material at the moment. He disclosed that he will make purchase in the coming week.
A trader in South China claimed that current gadolinium oxide 99.5%min market remains dim and consumers usually purchase the material with small volume. He said that current gadolinium oxide 99.5%min price hovers at RMB73,000/t (USD11,424/t) by cash payment, the same with that of one week ago. He also noted that some suppliers raise their offers to around RMB75,000/t (USD11,737/t) by cash payment, but it is hard for them to conclude deals. He said the replacement cost is high and he prefers to hold a wait-and-see attitude at the moment.
The trader, whose monthly trading volume of gadolinium oxide 99.5%min is around 15 tons, sold around 10 tons of the material in October, and only 5 tons in November. He disclosed that he still hold about 5 tons of stocks purchased at RMB76,000/t (USD11,894/t) by cash payment in October. So he is going to keep eyes on the market next week.
A smelter in South China disclosed that gadolinium oxide 99.5%min market shows no much change over the past week. He said the current gadolinium oxide 99.5%min price is around RMB72,000/t (USD11,424/t) by cash payment. He noted that he purchased around 10 tons of the material at RMB72,000/t (USD11,268/t) in early November. He also mentioned that some suppliers raised their offers to around RMB74,000-75,000/t (USD11,581-11,737/t) by cash payment, but failed to conclude deals. He predicted that the price will rise a bit in the coming week as he has difficulty in purchasing the material at a lower price now.
With an annual production capacity of 400 tons of ferrogadolinium 73%min, he usually consumes around 30 tons of gadolinium oxide 99.5%min per month. He said he consumed around 25 tons of the material in this November and his orders reduced due to soft downstream demand. He purchases for immediate use now, and holds around 5 tons of the material at the moment. He disclosed that he will make purchase in the coming week.
