Stable price in Chinese lanthanum oxide export price
2015-12-11 10:59:13 [Print]
BEIJING (Asian Metal) 11 Dec 15 - Current Chinese lanthanum oxide 99. 9%min export prices hover at USD1.75-1.76/kg, without much change from those of one week ago. The market witnesses increasing inquiries but slow buying activities due to the gap between Chinese exporters and overseas importers’ target prices. Participants predicted that Chinese lanthanum oxide 99.9%min export price will continue to be relatively stable in the coming week.
"I purchased around 80 tons of lanthanum oxide 99.9%min at USD1.75/kg CIF Japan for our Japanese client in November. Our supplier still quotes USD1.75/kg CIF Japan now, but we haven’t purchased so far this month,” said a Japanese trader, who also mentioned that lanthanum oxide 99.9%min market is still controlled by purchasers and their clients are in no hurry to rebuild stocks.
The trade, who dealt with around 900 tons of lanthanum oxide 99.9%min last year, traded around 80 tons of the material in November and has no stocks now. He prefers to purchase after receiving orders from clients.
A trader in South China shared with Asian Metal that consumers are active to send lanthanum oxide inquiries but it is hard for him to make deals as their clients’ target prices are low. “We received inquiries of around 100 tons of lanthanum oxide 99.9%min in early this week, and we quoted USD1.78/kg CIF America. We failed to make deals as the client’s target price is as low as USD1.65/kg CIF America,” said the trader.
With a normally annual trading volume of 500 tons of lanthanum oxide 99%min, the trader exported around 50 tons of lanthanum oxide 99.9%min at USD1.76/kg CIF America in November and has no stocks at the moment.
"I purchased around 80 tons of lanthanum oxide 99.9%min at USD1.75/kg CIF Japan for our Japanese client in November. Our supplier still quotes USD1.75/kg CIF Japan now, but we haven’t purchased so far this month,” said a Japanese trader, who also mentioned that lanthanum oxide 99.9%min market is still controlled by purchasers and their clients are in no hurry to rebuild stocks.
The trade, who dealt with around 900 tons of lanthanum oxide 99.9%min last year, traded around 80 tons of the material in November and has no stocks now. He prefers to purchase after receiving orders from clients.
A trader in South China shared with Asian Metal that consumers are active to send lanthanum oxide inquiries but it is hard for him to make deals as their clients’ target prices are low. “We received inquiries of around 100 tons of lanthanum oxide 99.9%min in early this week, and we quoted USD1.78/kg CIF America. We failed to make deals as the client’s target price is as low as USD1.65/kg CIF America,” said the trader.
With a normally annual trading volume of 500 tons of lanthanum oxide 99%min, the trader exported around 50 tons of lanthanum oxide 99.9%min at USD1.76/kg CIF America in November and has no stocks at the moment.
