American tantalite suppliers pessimistic about the import market
2023-03-31 08:52:30 [Print]
BEIJING (Asian Metal) 31 Mar 23 - Discouraged by weak demand from downstream consumers, American tantalite suppliers remained pessimistic about the import market in the past week. The current mainstream import prices of American tantalite 30%min slid to USD102-104/lb Ta2O5 CIF USA, down by USD3/lb Ta2O5 from early last week. As most suppliers plan to lower their prices to promote sales, insiders predict that the mainstream prices would decrease further in the coming week.
"We remain pessimistic about the market as most clients stop purchasing and send rare inquiries," said a trader in the U.S., who received no inquiry in the past two weeks, while they received 1-2 inquiries per week last month. They quote USD105/lb Ta2O5 CIF USA for tantalite 30%min and could accept USD102/lb Ta2O5 for orders no less than 2t at the moment, while they could accept USD105/lb Ta2O5 for the same quantity when they offered USD107/lb Ta2O5 early last week. They last sold around 2t at about USD105/lb Ta2O5 to a regular client in early March. In order to promote sales, the trader intends to lower their prices by around USD2/lb Ta2O5 next week and predicts that the mainstream prices would decrease by around USD2/lb Ta2O5 in the coming week.
Based on a regular monthly trading volume of 2t, the trader would sell about 2t in March, the same as February. They sold almost 20t in 2022 and around 5t so far in 2023. They hold no stock now, unchanged MoM.
Another trader in the U.S. noted that discouraged by soft demand from end users, they had no confidence in the market. They quote USD102/lb Ta2O5 CIF USA for tantalite 30%min and could accept no counteroffers at present, while they insisted on USD105/lb Ta2O5 for orders no less than 2t early last week. "We received one inquiry of 2t from a regular client at around USD102/lb Ta2O5 early last week, while we refused it," said the trader, who called the client again and finally sold around 2t at about USD102/lb Ta2O5 to the client early this week as this was the only inquiry which they received in the past two weeks. As most downstream consumers remain inactive in sending inquiries, the trader remains pessimistic about the market next week and predicts that the mainstream prices would decrease by around USD2/lb Ta2O5 in the following week.
The trader, with a regular monthly trading volume of 2t, expects to sell about 2t in March, unchanged from last month. They sold almost 24t in 2022 and around 6t so far in 2023. They hold no stock now, unchanged MoM.
"We remain pessimistic about the market as most clients stop purchasing and send rare inquiries," said a trader in the U.S., who received no inquiry in the past two weeks, while they received 1-2 inquiries per week last month. They quote USD105/lb Ta2O5 CIF USA for tantalite 30%min and could accept USD102/lb Ta2O5 for orders no less than 2t at the moment, while they could accept USD105/lb Ta2O5 for the same quantity when they offered USD107/lb Ta2O5 early last week. They last sold around 2t at about USD105/lb Ta2O5 to a regular client in early March. In order to promote sales, the trader intends to lower their prices by around USD2/lb Ta2O5 next week and predicts that the mainstream prices would decrease by around USD2/lb Ta2O5 in the coming week.
Based on a regular monthly trading volume of 2t, the trader would sell about 2t in March, the same as February. They sold almost 20t in 2022 and around 5t so far in 2023. They hold no stock now, unchanged MoM.
Another trader in the U.S. noted that discouraged by soft demand from end users, they had no confidence in the market. They quote USD102/lb Ta2O5 CIF USA for tantalite 30%min and could accept no counteroffers at present, while they insisted on USD105/lb Ta2O5 for orders no less than 2t early last week. "We received one inquiry of 2t from a regular client at around USD102/lb Ta2O5 early last week, while we refused it," said the trader, who called the client again and finally sold around 2t at about USD102/lb Ta2O5 to the client early this week as this was the only inquiry which they received in the past two weeks. As most downstream consumers remain inactive in sending inquiries, the trader remains pessimistic about the market next week and predicts that the mainstream prices would decrease by around USD2/lb Ta2O5 in the following week.
The trader, with a regular monthly trading volume of 2t, expects to sell about 2t in March, unchanged from last month. They sold almost 24t in 2022 and around 6t so far in 2023. They hold no stock now, unchanged MoM.
