Chinese tantalum carbide market prices increase
2023-03-03 08:21:04 [Print]
BEIJING (Asian Metal) 3 Mar 23 - As tantalum oxide prices increased, Chinese tantalum carbide suppliers raised their prices accordingly in the past week. The current mainstream prices of Chinese tantalum carbide increased to RMB2,550-2,600/kg (USD370-377/kg) EXW D/P, up by RMB30/kg (USD4/kg) from early last week. As most consumers remain active in sending inquiries, insiders predict that the mainstream prices would increase further in the coming week.
"As current tantalum oxide prices increased to RMB2,050/kg (USD297/kg), we quote RMB2,600/kg (USD377/kg) EXW D/P for tantalum carbide and could accept RMB2,580/kg (USD374/kg) for orders no less than 100kg at present, while we could accept RMB2,550/kg (USD370/kg) for the same quantity when we quoted RMB2,580/kg (USD374/kg) early last week," said a producer in South China, who last sold about 100kg to a regular client at around RMB2,550/kg (USD370/kg) early last week. They received two inquiries so far this week, while they received only one inquiry last week. Encouraged by active inquiries from downstream consumers, the producer plans to raise their price by around RMB20/kg (USD3/kg) next week and predicts that the mainstream prices would increase by around RMB20/kg (USD3/kg) in the coming week.
Based on an annual production capacity of 60t, the producer produced nearly 15.8t in 2021 and almost 17t in 2022. They hold around 1t of stock now, up by 0.2t from last month. They would produce about 1.2t in March, unchanged MoM.
A consumer in South China noted that encouraged by higher tantalum oxide prices, most regular suppliers quoted RMB2,600/kg (USD377/kg) EXW D/P for tantalum carbide and could accept no counteroffers today, while the most competitive price remained at around RMB2,570/kg (USD373/kg) for orders no less than 50kg when most suppliers offered RMB2,580/kg (USD374/kg) early last week. "We last bought about 50kg at around RMB2,570/kg (USD373/kg) early last week," said the consumer, who failed to collect any materials at the same price level since then. As most suppliers stay in no hurry to sell at low prices, the consumer predicts that the mainstream prices would increase by around RMB20/kg (USD3/kg) in the following week.
Based on an annual consumption capacity of 1t, the consumer would consume around 50kg in March, unchanged from last month. They consumed nearly 600kg in 2021 and almost 550kg in 2022. They hold about 50kg of stocks now, unchanged from last month.
"As current tantalum oxide prices increased to RMB2,050/kg (USD297/kg), we quote RMB2,600/kg (USD377/kg) EXW D/P for tantalum carbide and could accept RMB2,580/kg (USD374/kg) for orders no less than 100kg at present, while we could accept RMB2,550/kg (USD370/kg) for the same quantity when we quoted RMB2,580/kg (USD374/kg) early last week," said a producer in South China, who last sold about 100kg to a regular client at around RMB2,550/kg (USD370/kg) early last week. They received two inquiries so far this week, while they received only one inquiry last week. Encouraged by active inquiries from downstream consumers, the producer plans to raise their price by around RMB20/kg (USD3/kg) next week and predicts that the mainstream prices would increase by around RMB20/kg (USD3/kg) in the coming week.
Based on an annual production capacity of 60t, the producer produced nearly 15.8t in 2021 and almost 17t in 2022. They hold around 1t of stock now, up by 0.2t from last month. They would produce about 1.2t in March, unchanged MoM.
A consumer in South China noted that encouraged by higher tantalum oxide prices, most regular suppliers quoted RMB2,600/kg (USD377/kg) EXW D/P for tantalum carbide and could accept no counteroffers today, while the most competitive price remained at around RMB2,570/kg (USD373/kg) for orders no less than 50kg when most suppliers offered RMB2,580/kg (USD374/kg) early last week. "We last bought about 50kg at around RMB2,570/kg (USD373/kg) early last week," said the consumer, who failed to collect any materials at the same price level since then. As most suppliers stay in no hurry to sell at low prices, the consumer predicts that the mainstream prices would increase by around RMB20/kg (USD3/kg) in the following week.
Based on an annual consumption capacity of 1t, the consumer would consume around 50kg in March, unchanged from last month. They consumed nearly 600kg in 2021 and almost 550kg in 2022. They hold about 50kg of stocks now, unchanged from last month.
