European germanium metal prices stay firm
2023-03-10 10:29:58 [Print]
BEIJING (Asian Metal) 10 Mar 23 - European germanium metal 99.99%min market witness inactive deals over the past week considering that most downstream consumers mainly consumed the stocks with wait-and-see attitudes. Supported by suppliers' firm offers, the current prevailing prices of European germanium metal 99.99%min keep stable at USD1,270-1,320/kg in warehouse Rotterdam, unchanged from early this week. Insiders are of the opinion that the prevailing prices of European germanium metal 99.99%min would stay firm in the coming week due to unchanged prices from suppliers now.
A consumer in Europe stated that their regular suppliers generally insist on USD1,350/kg in warehouse Rotterdam for germanium metal 99.99%min even for firm bids now, unchanged from the beginning of this week and also unchanged from last week. They last purchased around 300kg at USD1,100/kg in warehouse Rotterdam early last month and prefer to consume the stock during March. The source said, "Considering that most suppliers would keep the prices firm, we believe that the prevailing prices of European germanium metal 99.99%min."
The consumer, based on a consumption capacity of 6tpy of germanium metal 99.99%min, holds around 300kg of inventory presently, down by about 200kg from late February. They expect to consume around 350kg in March, almost the same as last month. They consumed about 3.3t totally in 2022 and around 700kg till now in 2023.
A trader in Europe noted that they still insist on USD1,500/kg in warehouse Rotterdam for germanium metal 99.99%min for firm bids no more than 100kg, the same as early this week and also in line with last week. They last sold around 40kg at USD1,500/kg in warehouse Rotterdam in the middle of last month and then did not close any deal due to wait-and-see attitudes from consumers. "We forecast that the mainstream prices of Chinese cadmium ingot 99.99%min would keep unchanged in the following week in view of firm import prices now."
The trader, based on a regular month trading volume of 100kg of germanium metal 99.99%min, expects to sell about 50kg this month, down by about 50kg from last month. They hold about 200kg of inventory presently, the same as late last month. They sold about 1.2t in 2022.
A consumer in Europe stated that their regular suppliers generally insist on USD1,350/kg in warehouse Rotterdam for germanium metal 99.99%min even for firm bids now, unchanged from the beginning of this week and also unchanged from last week. They last purchased around 300kg at USD1,100/kg in warehouse Rotterdam early last month and prefer to consume the stock during March. The source said, "Considering that most suppliers would keep the prices firm, we believe that the prevailing prices of European germanium metal 99.99%min."
The consumer, based on a consumption capacity of 6tpy of germanium metal 99.99%min, holds around 300kg of inventory presently, down by about 200kg from late February. They expect to consume around 350kg in March, almost the same as last month. They consumed about 3.3t totally in 2022 and around 700kg till now in 2023.
A trader in Europe noted that they still insist on USD1,500/kg in warehouse Rotterdam for germanium metal 99.99%min for firm bids no more than 100kg, the same as early this week and also in line with last week. They last sold around 40kg at USD1,500/kg in warehouse Rotterdam in the middle of last month and then did not close any deal due to wait-and-see attitudes from consumers. "We forecast that the mainstream prices of Chinese cadmium ingot 99.99%min would keep unchanged in the following week in view of firm import prices now."
The trader, based on a regular month trading volume of 100kg of germanium metal 99.99%min, expects to sell about 50kg this month, down by about 50kg from last month. They hold about 200kg of inventory presently, the same as late last month. They sold about 1.2t in 2022.
