South Korean yttrium oxide market sees stable prices
2023-03-30 07:48:58 [Print]
BEIJING (Asian Metal) 30 Mar 23 - Dragged by buyers' wait-and-see attitudes, the South Korean yttrium oxide 99.999%min market witnessed limited buying activities over the past two weeks. But suppliers refused to lower prices due to their steady costs. Therefore, the current yttrium oxide 99.999%min mainstream prices in South Korea moved down to KRW10,650-11,400/kg (USD8.2-8.8/kg) at South Korean ports, without much change from half a month ago. Insiders forecasted that the yttrium oxide 99.999%min mainstream prices in South Korea would continue hovering at current levels in the coming week as suppliers refuse to mark down prices.
A South Korean trader revealed that their regular suppliers hold yttrium oxide 99.999%min quotation firm at about KRW11,050/kg (USD8.5/kg) at South Korean ports to them at present. Based on their experience, they could buy at about KRW10,650/kg (USD8.2/kg) now, in line with half a month ago. "We last bought 10t at around KRW10,650/kg (USD8.2/kg) early this month," said the trader, who has no intention to replenish stocks again in the coming week. They couldn't bargain for better prices from their suppliers and forecasted that the yttrium oxide 99.999%min mainstream prices in South Korea would continue standing at current levels in the coming week.
With a typical monthly trading volume of six tons of yttrium oxide 99.999%min, the trader expects a purchase volume of about 10t this month, compared with no purchase last month. They bought about 72t and 20t respectively in 2022 and so far in 2023. They hold an inventory of around 10t now, up by nine tons MoM.
A South Korean buyer noted that their regular suppliers still quote about KRW11,700/kg (USD9.0/kg) at South Korean for yttrium oxide 99.999%min to him at present. Based on his experience, they could buy at about KRW11,400/kg (USD8.8/kg) now, the same as two weeks ago. They last bought six tons at about KRW11,400/kg (USD8.8/kg) early this week. "Given the abundant supply and flat prices, we have no plan to purchase again in the coming week," said the buyer, who predicted that the yttrium oxide 99.999%min mainstream prices would keep standing at current levels in the upcoming week.
The buyer, with a typical monthly purchase volume of five tons of yttrium oxide 99.999%min, bought about six tons so far this year, compared with approximately 65t last year. They expect to purchase around six tons this month, up by six tons MoM. They have around seven tons of stocks now, a decline of five tons MoM.
A South Korean trader revealed that their regular suppliers hold yttrium oxide 99.999%min quotation firm at about KRW11,050/kg (USD8.5/kg) at South Korean ports to them at present. Based on their experience, they could buy at about KRW10,650/kg (USD8.2/kg) now, in line with half a month ago. "We last bought 10t at around KRW10,650/kg (USD8.2/kg) early this month," said the trader, who has no intention to replenish stocks again in the coming week. They couldn't bargain for better prices from their suppliers and forecasted that the yttrium oxide 99.999%min mainstream prices in South Korea would continue standing at current levels in the coming week.
With a typical monthly trading volume of six tons of yttrium oxide 99.999%min, the trader expects a purchase volume of about 10t this month, compared with no purchase last month. They bought about 72t and 20t respectively in 2022 and so far in 2023. They hold an inventory of around 10t now, up by nine tons MoM.
A South Korean buyer noted that their regular suppliers still quote about KRW11,700/kg (USD9.0/kg) at South Korean for yttrium oxide 99.999%min to him at present. Based on his experience, they could buy at about KRW11,400/kg (USD8.8/kg) now, the same as two weeks ago. They last bought six tons at about KRW11,400/kg (USD8.8/kg) early this week. "Given the abundant supply and flat prices, we have no plan to purchase again in the coming week," said the buyer, who predicted that the yttrium oxide 99.999%min mainstream prices would keep standing at current levels in the upcoming week.
The buyer, with a typical monthly purchase volume of five tons of yttrium oxide 99.999%min, bought about six tons so far this year, compared with approximately 65t last year. They expect to purchase around six tons this month, up by six tons MoM. They have around seven tons of stocks now, a decline of five tons MoM.
