Chinese terbium oxide traders bearish about price trends
2023-03-02 08:29:03 [Print]
BEIJING (Asian Metal) 2 Mar 23 - Chinese terbium oxide 99
A trader in South China faces difficulty in concluding deals and forecasted that the terbium oxide 99.99%min mainstream prices would go down by around RMB100/t (USD14,6/t) in the upcoming week. He quotes around RMB12,200/kg (USD1,776/kg) EXW D/P for terbium oxide 99.99%min and has intention to sell at about RMB12,000/kg (USD1,747/kg) at present, while he refused to sell at prices below RMB12,700/kg (USD1,849/kg) one week ago. "I concluded my latest sale early this week, when I sold 500kg at around RMB12,500/kg (USD1,820/kg)," said the trader, who failed to get any inquiries after his latest sale . He lacks confidence towards the demand outlook in the coming month.
The trader, with a typical monthly trading volume of one ton of terbium oxide 99.99%min, sold approximately 12t and three tons respectively in 2022 and so far in 2023 . He expects a sales volume of around one ton in March, down by half a ton MoM . He holds an inventory of around two tons at the moment, the same as one month ago.
Another trader in South China predicted that the Chinese terbium oxide 99.99%min mainstream prices still have room to go down in the upcoming week due to consumers' wait-and-see attitudes . They lower terbium oxide 99.99%min quotation to about RMB12,000/kg (USD1,747/kg) EXW D/P and refuse to accept counteroffer now, while they refused to sell at prices lower than RMB12,600/kg (USD1,835/kg) one week ago. They last sold 300kg at around RMB12,600/kg (USD1,835/kg) late last week . "Our clients had no intention to purchase and we have difficulties in gaining terbium oxide 99 . 99%min orders now," said the trader.
With a typical monthly trading volume of one ton of terbium oxide 99.99%min, the trader expects a sales volume of around 500kg this month, down by 500kg MoM . They sold about two and a half tons so far this year, compared with approximately 15t last year . They hold around one ton of stock at the moment, in line with early February.
. 99%min market witnessed limited buying activities over the past week due to weak demand from buyers . Sellers The current Chinese terbium oxide 99.99%min mainstream prices slid to RMB12,000-12,200/kg (USD1,747-1,776/kg) EXW D/P, down by around RMB600/kg (USD87.4/kg) from one week ago . Traders face difficulties in concluding deals and hold pessimistic attitudes towards the price trends . In view of weak demand, insiders forecasted that the Chinese terbium oxide 99 . 99%min mainstream prices would go down further in the coming week.
A trader in South China faces difficulty in concluding deals and forecasted that the terbium oxide 99.99%min mainstream prices would go down by around RMB100/t (USD14,6/t) in the upcoming week. He quotes around RMB12,200/kg (USD1,776/kg) EXW D/P for terbium oxide 99.99%min and has intention to sell at about RMB12,000/kg (USD1,747/kg) at present, while he refused to sell at prices below RMB12,700/kg (USD1,849/kg) one week ago. "I concluded my latest sale early this week, when I sold 500kg at around RMB12,500/kg (USD1,820/kg)," said the trader, who failed to get any inquiries after his latest sale . He lacks confidence towards the demand outlook in the coming month.
The trader, with a typical monthly trading volume of one ton of terbium oxide 99.99%min, sold approximately 12t and three tons respectively in 2022 and so far in 2023 . He expects a sales volume of around one ton in March, down by half a ton MoM . He holds an inventory of around two tons at the moment, the same as one month ago.
Another trader in South China predicted that the Chinese terbium oxide 99.99%min mainstream prices still have room to go down in the upcoming week due to consumers' wait-and-see attitudes . They lower terbium oxide 99.99%min quotation to about RMB12,000/kg (USD1,747/kg) EXW D/P and refuse to accept counteroffer now, while they refused to sell at prices lower than RMB12,600/kg (USD1,835/kg) one week ago. They last sold 300kg at around RMB12,600/kg (USD1,835/kg) late last week . "Our clients had no intention to purchase and we have difficulties in gaining terbium oxide 99 . 99%min orders now," said the trader.
With a typical monthly trading volume of one ton of terbium oxide 99.99%min, the trader expects a sales volume of around 500kg this month, down by 500kg MoM . They sold about two and a half tons so far this year, compared with approximately 15t last year . They hold around one ton of stock at the moment, in line with early February.