Chinese imported niobium concentrate market sees active inquiries
2023-03-09 08:29:45 [Print]
BEIJING (Asian Metal) 9 Mar 23 - As the demand from most consumers remained strong, Chinese imported niobium concentrate market saw active inquiries in the past week. The current mainstream prices of Chinese imported niobium concentrate 50%min increased to USD16.0-16.5/lb Oxides CIF China, up by USD0.5/lb from early last week. As most suppliers hold limited stocks, insiders predict that the mainstream prices would increase further in the coming week.
"We received three inquiries so far this week, while we received only two inquiries in total last week," said a trader in South China, who quotes USD17.0/lb Oxides CIF China for niobium concentrate 50%min and could accept USD16.5/lb Oxides for orders no less than 20t at present, while they could accept USD16.0/lb Oxides for the same quantity when they quoted USD16.5/lb Oxides early last week. They last sold around 20t to a regular client at about USD16.0/lb Oxides early last week. As most downstream consumers remain active in sending inquiries, the trader plans to raise their price by around USD0.5/lb Oxides next week and predicts that the mainstream prices would increase by around USD0.5/lb Oxides in the coming week.
With a regular monthly trading volume of 20t, the trader would sell about 20t in March, unchanged from last month. They sold nearly 200t in 2022 and almost 40t so far in 2023. They hold no stock now, down by 20t from last month.
A consumer in South China noted that they called four suppliers for checking the market so far this week, while they called three last week. Most regular suppliers offer USD16.8/lb Oxides CIF China for niobium concentrate 50%min and could accept USD16.5/lb Oxides for orders no less than 20t at present, while the most competitive price remained at around USD16.0/lb Oxides for the same quantity when most suppliers offered USD16.5/lb Oxides early last week. "We just bought about 20t at around USD16.5/lb Oxides early this week," said the consumer. As most suppliers remain optimistic about the market, the consumer predicts that the mainstream prices would increase by around USD0.5/lb Oxides in the following week.
With an annual consumption capacity of 480t, the consumer expects to consume about 40t in March, up by 20t from last month. They consumed nearly 220t in 2022 and almost 60t so far in 2023. They hold around 20t of stocks now, unchanged MoM.
"We received three inquiries so far this week, while we received only two inquiries in total last week," said a trader in South China, who quotes USD17.0/lb Oxides CIF China for niobium concentrate 50%min and could accept USD16.5/lb Oxides for orders no less than 20t at present, while they could accept USD16.0/lb Oxides for the same quantity when they quoted USD16.5/lb Oxides early last week. They last sold around 20t to a regular client at about USD16.0/lb Oxides early last week. As most downstream consumers remain active in sending inquiries, the trader plans to raise their price by around USD0.5/lb Oxides next week and predicts that the mainstream prices would increase by around USD0.5/lb Oxides in the coming week.
With a regular monthly trading volume of 20t, the trader would sell about 20t in March, unchanged from last month. They sold nearly 200t in 2022 and almost 40t so far in 2023. They hold no stock now, down by 20t from last month.
A consumer in South China noted that they called four suppliers for checking the market so far this week, while they called three last week. Most regular suppliers offer USD16.8/lb Oxides CIF China for niobium concentrate 50%min and could accept USD16.5/lb Oxides for orders no less than 20t at present, while the most competitive price remained at around USD16.0/lb Oxides for the same quantity when most suppliers offered USD16.5/lb Oxides early last week. "We just bought about 20t at around USD16.5/lb Oxides early this week," said the consumer. As most suppliers remain optimistic about the market, the consumer predicts that the mainstream prices would increase by around USD0.5/lb Oxides in the following week.
With an annual consumption capacity of 480t, the consumer expects to consume about 40t in March, up by 20t from last month. They consumed nearly 220t in 2022 and almost 60t so far in 2023. They hold around 20t of stocks now, unchanged MoM.
