Chinese tantalum oxide market prices decrease
2023-03-22 08:34:59 [Print]
BEIJING (Asian Metal) 22 Mar 23 - As most consumers remained cautious in purchasing, Chinese tantalum oxide suppliers lowered their prices to promote sales in the past week. The current mainstream prices of Chinese tantalum oxide 99.5%min decreased to RMB2,020-2,070/kg (USD294-301/kg) EXW D/P, down by RMB20/kg (USD3/kg) from early last week. As most suppliers lose confidence in the market, insiders predict that the mainstream prices would decrease further in the coming week.
"We quote RMB2,030/kg (USD296/kg) EXW D/P for tantalum oxide 99.5%min and could accept RMB2,020/kg (USD294/kg) for orders no less than 1t at present, while we could accept RMB2,040/kg (USD297/kg) for the same quantity when we offered RMB2,050/kg (USD298/kg) early last week," said a producer in South China, who received no inquiriy so far this week, while they received one inquiry last week. They last sold about 1t at around RMB2,040/kg (USD296/kg) to a regular client early last week. Discouraged by active inquiries from downstream consumers, the producer plans to accept another counteroffer of RMB20/kg (USD3/kg) next week and predicts that the mainstream prices would decrease by around RMB20/kg (USD3/kg) in the coming week.
The producer, based on an annual production capacity of 200t, expects to produce about 4t in March, unchanged from February. They produced nearly 92t in 2022 and around 9t so far in 2023. They hold around 4t of stocks now, up by1t from last month.
A consumer in North China noted that most of their regular suppliers offered RMB2,030/kg (USD296/kg) EXW D/P for tantalum oxide 99.5%min and could accept no counteroffers today, while the most competitive price remained at around RMB2,050/kg (USD298/kg) for orders no less than 1t early last week. "We last bought around 1t at about RMB2,050/kg (USD298/kg) early last week," said the consumer, who plans to delay purchasing and consume stocks in the coming weeks. As the downstream demand remains weak, most producers plan to compete for limited orders next week and the consumer predicts that the mainstream prices would decrease by around RMB20/kg (USD3/kg) in the following week.
With an annual consumption capacity of 24t, the plant would consume 1t in March, the same as last month. They consumed around 12t in 2022 and 3t so far in 2023. They hold around 1t of stock now, the same as last month.
"We quote RMB2,030/kg (USD296/kg) EXW D/P for tantalum oxide 99.5%min and could accept RMB2,020/kg (USD294/kg) for orders no less than 1t at present, while we could accept RMB2,040/kg (USD297/kg) for the same quantity when we offered RMB2,050/kg (USD298/kg) early last week," said a producer in South China, who received no inquiriy so far this week, while they received one inquiry last week. They last sold about 1t at around RMB2,040/kg (USD296/kg) to a regular client early last week. Discouraged by active inquiries from downstream consumers, the producer plans to accept another counteroffer of RMB20/kg (USD3/kg) next week and predicts that the mainstream prices would decrease by around RMB20/kg (USD3/kg) in the coming week.
The producer, based on an annual production capacity of 200t, expects to produce about 4t in March, unchanged from February. They produced nearly 92t in 2022 and around 9t so far in 2023. They hold around 4t of stocks now, up by1t from last month.
A consumer in North China noted that most of their regular suppliers offered RMB2,030/kg (USD296/kg) EXW D/P for tantalum oxide 99.5%min and could accept no counteroffers today, while the most competitive price remained at around RMB2,050/kg (USD298/kg) for orders no less than 1t early last week. "We last bought around 1t at about RMB2,050/kg (USD298/kg) early last week," said the consumer, who plans to delay purchasing and consume stocks in the coming weeks. As the downstream demand remains weak, most producers plan to compete for limited orders next week and the consumer predicts that the mainstream prices would decrease by around RMB20/kg (USD3/kg) in the following week.
With an annual consumption capacity of 24t, the plant would consume 1t in March, the same as last month. They consumed around 12t in 2022 and 3t so far in 2023. They hold around 1t of stock now, the same as last month.
