Sliding prices in Chinese strontium metal market
2014-05-12 15:57:01 [Print]
BEIJING (Asian Metal) 12 May 14 - Demand for strontium metal 99%min remains dim and suppliers have to lower their offers slightly to promote sales. The mainstream prices of strontium metal 99%min are in a range of RMB37,300-38,500/t (USD5,972-6,164/t) ex works, down by RMB500/t (USD80/t) from those of mid-April. It is predicted that the market will remain quiet.
A strontium metal 99%min producer whose production volume is 150tpm in South China revealed that their strontium metal 99%min offers are hovering at RMB37,300-38,500/t (USD5,972-6,164/t) ex works, down by RMB500/t (USD80/t) from those of mid-April. “As downstream demand from alloy industry shows no signs of reviving, we have to lower our offers slightly to stimulate deals.” said the source.
The source mainly concluded deals with regular clients. As demand remains soft, the market will be quiet in the near term.
Another strontium metal 99%min producer with an output of 60tpm in South China told Asian Metal that demand continues to show soft tendency as consumers have no intention to rebuild stocks. “We lower our offer to RMB38,000/t (USD6,084/t) ex works, and we receive some long-term orders from regular clients for the time being.” said the source, who is pessimistic about the future market.
According to the source, demand remains sluggish both at home and abroad, so the prices will show downwards tendency in the near future.
A strontium metal 99%min producer whose production volume is 150tpm in South China revealed that their strontium metal 99%min offers are hovering at RMB37,300-38,500/t (USD5,972-6,164/t) ex works, down by RMB500/t (USD80/t) from those of mid-April. “As downstream demand from alloy industry shows no signs of reviving, we have to lower our offers slightly to stimulate deals.” said the source.
The source mainly concluded deals with regular clients. As demand remains soft, the market will be quiet in the near term.
Another strontium metal 99%min producer with an output of 60tpm in South China told Asian Metal that demand continues to show soft tendency as consumers have no intention to rebuild stocks. “We lower our offer to RMB38,000/t (USD6,084/t) ex works, and we receive some long-term orders from regular clients for the time being.” said the source, who is pessimistic about the future market.
According to the source, demand remains sluggish both at home and abroad, so the prices will show downwards tendency in the near future.
