African tantalite export market prices decrease
2023-03-23 08:24:11 [Print]
BEIJING (Asian Metal) 23 Mar 23 - As most downstream consumers remained inactive in sending inquiries, African tantalite export market prices decreased in the past week. The current mainstream export prices of African tantalite 30%min decreased to USD102-105/lb Ta2O5 FOB Africa, down by USD3/lb from early last week. As most suppliers compete for limited orders, insiders predict that the African tantalite export market prices would decrease further in the coming week.
An African trader claimed that they quoted USD105/lb Ta2O5 FOB Africa for tantalite 30%min and could accept USD102/lb Ta2O5 for orders no less than 2t today, while they insisted on USD105/lb Ta2O5 for the same quantity early last week. "We received no inquiry so far this week, while we received one inquiry last week," said the trader, adding that they last sold about 2t at around USD105/lb Ta2O5 to a regular client in early March. As most downstream consumers remain inactive in sending inquiries, the producer plans to lower their price by around USD2/lb next week and predicts that the mainstream prices would decrease by around USD2/lb in the coming week.
With a regular monthly trading volume of 2t, the trader would sell around 2t in March, unchanged from last month. They sold nearly 22t in 2022 and almost 6t so far in 2023. They hold no stock now, the same as last month.
"We offer USD104/lb Ta2O5 FOB Africa for tantalite 30%min and could accept USD103/lb Ta2O5 for orders no less than 1t at present, while we quoted USD106/lb Ta2O5 and could accept no counteroffers early last week," said another African trader, who received only one inquiry so far this week, while they received two inquiries last week. They failed to conclude any deals after they last sold about 1t to a regular client at around USD106/lb Ta2O5 two weeks ago. As many suppliers compete for limited orders, the trader remains pessimistic about the market next week and predicts that the mainstream prices would decrease by around USD2/lb in the following week.
Based on a regular monthly trading volume of 2t, the trader sold nearly 20t in 2022 and about 5t so far in 2023. They sold around 2t in March, unchanged from February. They hold no stock at the moment, unchanged from last month.
An African trader claimed that they quoted USD105/lb Ta2O5 FOB Africa for tantalite 30%min and could accept USD102/lb Ta2O5 for orders no less than 2t today, while they insisted on USD105/lb Ta2O5 for the same quantity early last week. "We received no inquiry so far this week, while we received one inquiry last week," said the trader, adding that they last sold about 2t at around USD105/lb Ta2O5 to a regular client in early March. As most downstream consumers remain inactive in sending inquiries, the producer plans to lower their price by around USD2/lb next week and predicts that the mainstream prices would decrease by around USD2/lb in the coming week.
With a regular monthly trading volume of 2t, the trader would sell around 2t in March, unchanged from last month. They sold nearly 22t in 2022 and almost 6t so far in 2023. They hold no stock now, the same as last month.
"We offer USD104/lb Ta2O5 FOB Africa for tantalite 30%min and could accept USD103/lb Ta2O5 for orders no less than 1t at present, while we quoted USD106/lb Ta2O5 and could accept no counteroffers early last week," said another African trader, who received only one inquiry so far this week, while they received two inquiries last week. They failed to conclude any deals after they last sold about 1t to a regular client at around USD106/lb Ta2O5 two weeks ago. As many suppliers compete for limited orders, the trader remains pessimistic about the market next week and predicts that the mainstream prices would decrease by around USD2/lb in the following week.
Based on a regular monthly trading volume of 2t, the trader sold nearly 20t in 2022 and about 5t so far in 2023. They sold around 2t in March, unchanged from February. They hold no stock at the moment, unchanged from last month.
