Chinese potassium fluotantalate market stagnant
2023-03-14 08:30:56 [Print]
BEIJING (Asian Metal) 14 Mar 23 - Due to firm tantalite prices and wait-and-see attitudes from downstream consumers, Chinese potassium fluotantalate market remained stagnant in the past week. The mainstream prices of Chinese potassium fluotantalate hover at RMB1,130-1,160/kg (USD164-168/kg) EXW D/P at present, unchanged from early last week. As most consumers watch the market, insiders predict that the potassium fluotantalate prices would remain stable in the coming week.
"The market remains stagnant as we hesitate to rebuild stocks in bulk, while our suppliers refuse to accept lower prices," said a consumer in South China, adding that most of their regular suppliers quote RMB1,160/kg (USD168/kg) EXW D/P for potassium fluotantalate and could accept RMB1,140/kg (USD165/kg) for orders no less than 5t at present, unchanged from early last week. They last bought about 5t at around RMB1,140/kg (USD165/kg) early last week and prefer to delay purchasing until late March. Although most suppliers hold their prices firm due to stable tantalite prices, the consumer holds a wait-and-see attitude and predicts that the mainstream prices would keep unchanged in the coming week.
The consumer, with an annual consumption capacity of 200t, expects to consume around 15t in March, unchanged from last month. They consumed nearly 180t in 2022 and almost 30t so far in 2023. They hold around 30t of stocks now, up by 10t from last month.
Another consumer in South China noted that the market remained stagnant as they delayed purchasing while most suppliers stayed in no hurry to sell. Most regular suppliers offer RMB1,200/kg (USD174/kg) EXW D/P for potassium fluotantalate and could accept RMB1,160/kg (USD168/kg) for orders no less than 2t at the moment, the same as early last week. "We last bought about 2t at around RMB1,160/kg (USD168/kg) late last week," said the consumer, who called no suppliers since then, while they contacted with three suppliers early last week. As most suppliers stay in no hurry to sell, the consumer predicts that the mainstream price would remain firm in the following week in spite of wait-and-see attitudes from downstream consumers.
With an annual consumption capacity of 150t, the producer would consume around 5t in March, unchanged from February. They consumed nearly 80t in 2022 and almost 10t so far in 2023. They hold around 3t of stocks now, the same as last month.
"The market remains stagnant as we hesitate to rebuild stocks in bulk, while our suppliers refuse to accept lower prices," said a consumer in South China, adding that most of their regular suppliers quote RMB1,160/kg (USD168/kg) EXW D/P for potassium fluotantalate and could accept RMB1,140/kg (USD165/kg) for orders no less than 5t at present, unchanged from early last week. They last bought about 5t at around RMB1,140/kg (USD165/kg) early last week and prefer to delay purchasing until late March. Although most suppliers hold their prices firm due to stable tantalite prices, the consumer holds a wait-and-see attitude and predicts that the mainstream prices would keep unchanged in the coming week.
The consumer, with an annual consumption capacity of 200t, expects to consume around 15t in March, unchanged from last month. They consumed nearly 180t in 2022 and almost 30t so far in 2023. They hold around 30t of stocks now, up by 10t from last month.
Another consumer in South China noted that the market remained stagnant as they delayed purchasing while most suppliers stayed in no hurry to sell. Most regular suppliers offer RMB1,200/kg (USD174/kg) EXW D/P for potassium fluotantalate and could accept RMB1,160/kg (USD168/kg) for orders no less than 2t at the moment, the same as early last week. "We last bought about 2t at around RMB1,160/kg (USD168/kg) late last week," said the consumer, who called no suppliers since then, while they contacted with three suppliers early last week. As most suppliers stay in no hurry to sell, the consumer predicts that the mainstream price would remain firm in the following week in spite of wait-and-see attitudes from downstream consumers.
With an annual consumption capacity of 150t, the producer would consume around 5t in March, unchanged from February. They consumed nearly 80t in 2022 and almost 10t so far in 2023. They hold around 3t of stocks now, the same as last month.
