Chinese tantalum oxide market prices increase
2023-03-08 08:31:58 [Print]
BEIJING (Asian Metal) 8 Mar 23 - As most consumers remained active in sending inquiries, Chinese tantalum oxide suppliers raised their prices in the past week. The current mainstream prices of Chinese tantalum oxide 99.5%min rose to RMB2,040-2,090/kg (USD295-302/kg) EXW D/P, up by RMB20/kg (USD3/kg) from early last week. As tantalite prices show uptrend, insiders predict that the mainstream prices would increase further in the coming week.
A producer in South China claimed that they quoted RMB2,100/kg (USD303/kg) EXW D/P for tantalum oxide 99.5%min and could accept RMB2,090/kg (USD302/kg) for orders no less than 1t today, while they could accept RMB2,070/kg (USD299/kg) for the same quantity when they quoted RMB2,080/kg (USD300/kg) early last week. "We received two inquiries so far this week, while we received only one inquiry last week," said the producer, who last sold around 1t at about RMB2,070/kg (USD299/kg) to a regular client early last week. As current tantalite prices increased to USD110/lb Ta2O5 CIF China, 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.
The producer, based on an annual production capacity of 200t, expects to produce about 5t in March, unchanged from February. They produced nearly 28t in 2021 and around 46t in 2022. They hold around 1t of stock now, down by 1t from last month.
"Encouraged by higher tantalite prices, we offer RMB2,080/kg (USD300/kg) EXW D/P for tantalum oxide 99.5%min and could accept RMB2,070/kg (USD299/kg) for orders no less than 1t at present, while we could accept RMB2,050/kg (USD296/kg) for the same quantity when we offered RMB2,070/kg (USD299/kg) early last week," said another producer in South China, who last sold about 1t at around RMB2,050/kg (USD296/kg) to a regular client early last week. They received three inquiries so far this week, while they received two inquiries last week. Encouraged by active inquiries from downstream consumers, the producer remains optimistic about the market next week and predicts that the mainstream prices would increase by around RMB20/kg (USD3/kg) in the following week.
With an annual production capacity of 200t, the producer produced nearly 51t in 2021 and almost 87t in 2022. They would produce around 10t in March, unchanged from February. They hold around 2t of stocks now, down by 1t MoM.
A producer in South China claimed that they quoted RMB2,100/kg (USD303/kg) EXW D/P for tantalum oxide 99.5%min and could accept RMB2,090/kg (USD302/kg) for orders no less than 1t today, while they could accept RMB2,070/kg (USD299/kg) for the same quantity when they quoted RMB2,080/kg (USD300/kg) early last week. "We received two inquiries so far this week, while we received only one inquiry last week," said the producer, who last sold around 1t at about RMB2,070/kg (USD299/kg) to a regular client early last week. As current tantalite prices increased to USD110/lb Ta2O5 CIF China, 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.
The producer, based on an annual production capacity of 200t, expects to produce about 5t in March, unchanged from February. They produced nearly 28t in 2021 and around 46t in 2022. They hold around 1t of stock now, down by 1t from last month.
"Encouraged by higher tantalite prices, we offer RMB2,080/kg (USD300/kg) EXW D/P for tantalum oxide 99.5%min and could accept RMB2,070/kg (USD299/kg) for orders no less than 1t at present, while we could accept RMB2,050/kg (USD296/kg) for the same quantity when we offered RMB2,070/kg (USD299/kg) early last week," said another producer in South China, who last sold about 1t at around RMB2,050/kg (USD296/kg) to a regular client early last week. They received three inquiries so far this week, while they received two inquiries last week. Encouraged by active inquiries from downstream consumers, the producer remains optimistic about the market next week and predicts that the mainstream prices would increase by around RMB20/kg (USD3/kg) in the following week.
With an annual production capacity of 200t, the producer produced nearly 51t in 2021 and almost 87t in 2022. They would produce around 10t in March, unchanged from February. They hold around 2t of stocks now, down by 1t MoM.
