European columbite market sees active inquiries
2023-03-17 10:17:23 [Print]
BEIJING (Asian Metal) 17 Mar 23 - Encouraged by strong demand from downstream consumers, European columbite market witnessed active inquiries in the past week. The current mainstream prices in the European columbite market increased to USD16.5-17.0/lb Oxides in warehouse Rotterdam, up by USD0.5/lb Oxides from early last week. As most suppliers have confidence in the market, insiders predict that the European columbite market prices would increase further in the coming week.
"We received four inquiries this week, while we received only two inquiries last week," said a trader in Europe, who offers USD17.0/lb Oxides in warehouse Rotterdam for columbite 50%min and could accept no counteroffers at present, while they insisted on USD16.5/lb Oxides early last week. They last sold about 20t at around USD16.5/lb Oxides to a regular client early last week. As many consumers remain active in sending inquiries, the trader plans to raise their price by around USD0.2/lb Oxides next week and predicts that the mainstream prices would increase by around USD0.2/lb Oxides in the coming week.
With a regular monthly trading volume of 40t, the trader would sell around 40t in March, unchanged from February. They sold nearly 330t in 2022 and almost 100t so far in 2023. They hold no stock at the moment, unchanged MoM. Ta ore prices are USD110/lb and stable from last week.
Another trader in Europe noted that they received three inquiries this week, while they received two inquiries last week. They quote USD17.0/lb Oxides in warehouse Rotterdam for columbite 50%min and could accept USD16.5/lb Oxides for orders no less than 20t at the moment, while they could accept USD16.0/lb Oxides for the same quantity when they quoted USD16.5/lb Oxides early last week. "We last sold about 20t at around USD16.0/lb Oxides to a regular client early this month," said the trader, who stays in no hurry to sell encouraged by tight supply from local miners. Considering active inquiries from downstream consumers, the trader remains optimistic about the market next week and predicts that the mainstream prices would increase by around USD0.2/lb Oxides in the following week.
The trader, based on a regular monthly trading volume of 20t, expects to sell around 20t in March, the same as last month. They sold nearly 160t in 2022 and almost 40t so far in 2023. They hold no stock at the moment, unchanged MoM.
"We received four inquiries this week, while we received only two inquiries last week," said a trader in Europe, who offers USD17.0/lb Oxides in warehouse Rotterdam for columbite 50%min and could accept no counteroffers at present, while they insisted on USD16.5/lb Oxides early last week. They last sold about 20t at around USD16.5/lb Oxides to a regular client early last week. As many consumers remain active in sending inquiries, the trader plans to raise their price by around USD0.2/lb Oxides next week and predicts that the mainstream prices would increase by around USD0.2/lb Oxides in the coming week.
With a regular monthly trading volume of 40t, the trader would sell around 40t in March, unchanged from February. They sold nearly 330t in 2022 and almost 100t so far in 2023. They hold no stock at the moment, unchanged MoM. Ta ore prices are USD110/lb and stable from last week.
Another trader in Europe noted that they received three inquiries this week, while they received two inquiries last week. They quote USD17.0/lb Oxides in warehouse Rotterdam for columbite 50%min and could accept USD16.5/lb Oxides for orders no less than 20t at the moment, while they could accept USD16.0/lb Oxides for the same quantity when they quoted USD16.5/lb Oxides early last week. "We last sold about 20t at around USD16.0/lb Oxides to a regular client early this month," said the trader, who stays in no hurry to sell encouraged by tight supply from local miners. Considering active inquiries from downstream consumers, the trader remains optimistic about the market next week and predicts that the mainstream prices would increase by around USD0.2/lb Oxides in the following week.
The trader, based on a regular monthly trading volume of 20t, expects to sell around 20t in March, the same as last month. They sold nearly 160t in 2022 and almost 40t so far in 2023. They hold no stock at the moment, unchanged MoM.
