Slight declining price in Chinese terbium oxide market
2017-08-09 10:25:15 [Print]
BEIJING (Asian Metal) 9 Aug 17 - Chinese terbium oxide 99.99%min demand kept soft over the past week. The terbium oxide 99.99%min market witnessed slow buying activities and rare inquiries, thus the terbium oxide 99.99%min prices slide to RMB3,980-4,000/t (USD592-595/kg) D/P, with a slight decline of RMB20/kg (USD3.0/kg) from early this week. Producers still hold positive attitudes towards terbium oxide 99.99%min market. Insiders are of the opinion that terbium oxide 99.99%min price will stand firm in the reminder of this week.
A producer in South China disclosed that he received few inquiries and failed to conclude any deals over the past week. “A metal plant sent an inquiry of 200kg of terbium oxide 99.99%min at RMB3,950/kg (USD588/kg) D/P early this week, but I refused to sell as our group preferred to hold stocks,” said the producer, adding that he insists the price at RMB4,000/kg (USD595/kg) D/P. He mentioned that metal plants received few new orders and some metal plants even ceased production of terbium metal 99.9%min, resulting in slight decreasing price in spot market. He is of the opinion that terbium oxide 99.99%min price will stablize in the coming week.
The producer, whose annual production capacity of terbium oxide 99.99%min is around 25t, produced around 800kg of the material in July. He has about 3t of stocks at present.
A trader in South China revealed that terbium oxide 99.99%min market saw limited deals over the past week. “Current mainstream price of terbium oxide 99.9%min drops to RMB3,980/kg (USD592/kg) D/P, with a decrease of RMB20/kg (USD3.0/kg) from last week,” said the producer, adding that a client sent him an inquiry of 500kg of terbium oxide 99.99%min, and the client did not accept prices higher than RMB4,000/kg (USD595/kg) D/P, even though the metal price has moved up to RMB5,300/kg (USD789/kg) D/A 30 days. He is of the opinion that terbium oxide 99.99%min price will not decline further in the coming week.
The trader, who dealt with about 40t of terbium oxide 99.99%min in 2016, sold about 2t of the material in July. He said the consumers’ purchasing volume keeps small. He predicts that the terbium oxide 99.99%min price will show stable trend in the coming week.
A producer in South China disclosed that he received few inquiries and failed to conclude any deals over the past week. “A metal plant sent an inquiry of 200kg of terbium oxide 99.99%min at RMB3,950/kg (USD588/kg) D/P early this week, but I refused to sell as our group preferred to hold stocks,” said the producer, adding that he insists the price at RMB4,000/kg (USD595/kg) D/P. He mentioned that metal plants received few new orders and some metal plants even ceased production of terbium metal 99.9%min, resulting in slight decreasing price in spot market. He is of the opinion that terbium oxide 99.99%min price will stablize in the coming week.
The producer, whose annual production capacity of terbium oxide 99.99%min is around 25t, produced around 800kg of the material in July. He has about 3t of stocks at present.
A trader in South China revealed that terbium oxide 99.99%min market saw limited deals over the past week. “Current mainstream price of terbium oxide 99.9%min drops to RMB3,980/kg (USD592/kg) D/P, with a decrease of RMB20/kg (USD3.0/kg) from last week,” said the producer, adding that a client sent him an inquiry of 500kg of terbium oxide 99.99%min, and the client did not accept prices higher than RMB4,000/kg (USD595/kg) D/P, even though the metal price has moved up to RMB5,300/kg (USD789/kg) D/A 30 days. He is of the opinion that terbium oxide 99.99%min price will not decline further in the coming week.
The trader, who dealt with about 40t of terbium oxide 99.99%min in 2016, sold about 2t of the material in July. He said the consumers’ purchasing volume keeps small. He predicts that the terbium oxide 99.99%min price will show stable trend in the coming week.
