Chinese niobium oxide market sees active inquiries
2023-03-08 08:32:01 [Print]
BEIJING (Asian Metal) 8 Mar 23 - Encouraged by strong demand from downstream consumers, Chinese niobium oxide market witnessed active inquiries in the past week. The current mainstream prices of Chinese niobium oxide 99.5%min increased to RMB297-302/kg (USD42.8-43.6/kg) EXW D/P, up by RMB5/kg (USD0.7/kg) from early last week. As most suppliers stay in no hurry to sell, insiders predict that the Chinese niobium oxide prices would increase further in the coming week.
A producer in South China claimed that they received three inquiries so far this week, while they received only two inquiries in total last week. They quote RMB300/kg (USD43.3/kg) EXW D/P for niobium oxide 99.5%min and could accept no counteroffers at present, while they could accept RMB295/kg (USD42.5/kg) for orders no less than 5t when they quoted RMB300/kg (USD43.3/kg) early last week. "We last sold about 5t at around RMB295/kg (USD42.5/kg) to a regular client early last week," said the producer. Encouraged by higher columbite prices, the producer plans to raise their price by around RMB2/kg (USD0.3/kg) next week and predicts that the mainstream prices would increase by around RMB2/kg (USD0.3/kg) in the coming week.
Based on an annual production capacity of 300t, the producer produced nearly 170t in 2022 and almost 15t till now in 2023. They hold no stock now, unchanged from last month. The producer would produce about 10t in March, unchanged from February.
"We received four inquiries so far this week, while we received two inquiries in total last week," said another producer in South China, who offers RMB305/kg (USD44.0/kg) EXW D/P for niobium oxide 99.5%min and could accept RMB302/kg (USD43.6/kg) for orders no less than 5t now, while they could accept RMB297/kg (USD42.8/kg) for the same quantity when they quoted RMB300/kg (USD43.3/kg) early last week. They just sold around 5t at about RMB302/kg (USD43.6/kg) to a regular client early this week. As most consumers remain active in placing orders, the producer has confidence in the market next week and predicts that the mainstream prices would increase by around RMB2/kg (USD0.3/kg) in the following week.
On the basis of an annual production capacity of 1,000t, the producer expects to produce about 40t in March, unchanged MoM. They produced nearly 465t in 2022 and almost 75t so far in 2023. They hold about 10t of stocks now, the same as last month.
A producer in South China claimed that they received three inquiries so far this week, while they received only two inquiries in total last week. They quote RMB300/kg (USD43.3/kg) EXW D/P for niobium oxide 99.5%min and could accept no counteroffers at present, while they could accept RMB295/kg (USD42.5/kg) for orders no less than 5t when they quoted RMB300/kg (USD43.3/kg) early last week. "We last sold about 5t at around RMB295/kg (USD42.5/kg) to a regular client early last week," said the producer. Encouraged by higher columbite prices, the producer plans to raise their price by around RMB2/kg (USD0.3/kg) next week and predicts that the mainstream prices would increase by around RMB2/kg (USD0.3/kg) in the coming week.
Based on an annual production capacity of 300t, the producer produced nearly 170t in 2022 and almost 15t till now in 2023. They hold no stock now, unchanged from last month. The producer would produce about 10t in March, unchanged from February.
"We received four inquiries so far this week, while we received two inquiries in total last week," said another producer in South China, who offers RMB305/kg (USD44.0/kg) EXW D/P for niobium oxide 99.5%min and could accept RMB302/kg (USD43.6/kg) for orders no less than 5t now, while they could accept RMB297/kg (USD42.8/kg) for the same quantity when they quoted RMB300/kg (USD43.3/kg) early last week. They just sold around 5t at about RMB302/kg (USD43.6/kg) to a regular client early this week. As most consumers remain active in placing orders, the producer has confidence in the market next week and predicts that the mainstream prices would increase by around RMB2/kg (USD0.3/kg) in the following week.
On the basis of an annual production capacity of 1,000t, the producer expects to produce about 40t in March, unchanged MoM. They produced nearly 465t in 2022 and almost 75t so far in 2023. They hold about 10t of stocks now, the same as last month.
