Chinese niobium concentrate prices stable
2017-04-25 11:59:50 [Print]
BEIJING (Asian Metal) 25 Apr 17 - As Chinese niobium concentrate import market sees limited supply in the spot market, the mainstream prices remained firm at USD10.1-10.4/lb CIF China, unchanged from those of last week. Major suppliers are in no hurry to sell their materials at lower prices and expect to make deals at high price levels in the future.
A niobium concentrate trader in South China claimed that they do not have much spot inventory so that they cease quotations for niobium concentrate now. “We sold one container of niobium concentrate 40%min at USD10.0/lb CIF China last month and delivered in April. We are optimistic about the future market and plan to quote USD10.5/lb CIF China for the next container,” said the source, adding that they will have another container arrived in early May.
With a trading volume of 2 containers per month, they are expected to sell one container in April. They hold little stocks in hand.
Another niobium concentrate trader with a trading volume of 100tpm in South China expressed that they received more inquiries in the Chinese niobium concentrate import market. “We quote USD10.5/lb CIF China for niobium concentrate 50%min at the moment, unchanged from those of last week. Demand for niobium concentrate remains stable, and we just sold one container at the above price recently in April,” said the source, who is optimistic about the future market.
Commenting on the future market, the source thinks that the price will remain firm due to tight supply and rebounding demand from downstream industry. They are expected to sell 4 containers in April. They hold enough stocks for around one month in hand.
A niobium concentrate trader in South China claimed that they do not have much spot inventory so that they cease quotations for niobium concentrate now. “We sold one container of niobium concentrate 40%min at USD10.0/lb CIF China last month and delivered in April. We are optimistic about the future market and plan to quote USD10.5/lb CIF China for the next container,” said the source, adding that they will have another container arrived in early May.
With a trading volume of 2 containers per month, they are expected to sell one container in April. They hold little stocks in hand.
Another niobium concentrate trader with a trading volume of 100tpm in South China expressed that they received more inquiries in the Chinese niobium concentrate import market. “We quote USD10.5/lb CIF China for niobium concentrate 50%min at the moment, unchanged from those of last week. Demand for niobium concentrate remains stable, and we just sold one container at the above price recently in April,” said the source, who is optimistic about the future market.
Commenting on the future market, the source thinks that the price will remain firm due to tight supply and rebounding demand from downstream industry. They are expected to sell 4 containers in April. They hold enough stocks for around one month in hand.
Niobium Conc. Nb2O5 50%min, Ta2O5 5%min, CIF China
Unit:USD/lb Oxides
China niobium oxide producers' sales to production ratio statistics by province by month
Unit: %
