African tantalite export market prices decrease
2023-04-05 08:52:50 [Print]
BEIJING (Asian Metal) 5 Apr 23 - As most consumers remained cautious in placing orders, African tantalite export market prices decreased in the past week. The current mainstream export prices of African tantalite 30%min decreased to USD92-95/lb Ta2O5 FOB Africa, down by USD5/lb from early last week. Discouraged by weak demand, insiders predict that the African tantalite export market prices would decrease further in the coming week.
An African producer claimed that they quoted USD95/lb Ta2O5 FOB Africa for tantalite 30%min and could accept USD92/lb Ta2O5 for orders no less than 5t today, while they offered USD100/lb Ta2O5 and could accept USD97/lb Ta2O5 for the same quantity early last week. "We received no inquiries in the past two weeks as most consumers remain cautious in placing orders," said the trader, adding that they last sold about 5t at around USD97/lb Ta2O5 to a regular client in early March. As most downstream consumers lack intention to build stocks, the producer plans to lower their price by around USD2/lb Ta2O5next week and predicts that the mainstream prices would decrease by around USD2/lb Ta2O5 in the coming week.
Based on an annual production capacity of 120t, the producer would produce around 10t in April, unchanged from last month. They produced nearly 60t in 2022 and almost 30t so far in 2023. They hold around 5t of stocks now, up by 5t from last month.
"We offer USD95/lb Ta2O5 FOB Africa for tantalite 30%min and could accept no counteroffers at present, while we quoted USD102/lb Ta2O5 and could accept USD100/lb Ta2O5 for orders no less than 5t early last week," said another African producer, who received no inquiry so far this week, while they received one inquiry last week. They failed to conclude any deals after they last sold around 5t at around USD100/lb Ta2O5 FOB Africa in early March. As most suppliers plan to lower their prices to promote sales, the producer remains pessimistic about the market next week and predicts that the mainstream prices would decrease by around USD2/lb Ta2O5 in the following week.
With an annual production capacity of 60t, the producer would produce around 5t in April, unchanged from last month. They produced nearly 40t in 2022 and almost 15t so far in 2023. They hold around 5t of stocks now, up by 5t from last month.
An African producer claimed that they quoted USD95/lb Ta2O5 FOB Africa for tantalite 30%min and could accept USD92/lb Ta2O5 for orders no less than 5t today, while they offered USD100/lb Ta2O5 and could accept USD97/lb Ta2O5 for the same quantity early last week. "We received no inquiries in the past two weeks as most consumers remain cautious in placing orders," said the trader, adding that they last sold about 5t at around USD97/lb Ta2O5 to a regular client in early March. As most downstream consumers lack intention to build stocks, the producer plans to lower their price by around USD2/lb Ta2O5next week and predicts that the mainstream prices would decrease by around USD2/lb Ta2O5 in the coming week.
Based on an annual production capacity of 120t, the producer would produce around 10t in April, unchanged from last month. They produced nearly 60t in 2022 and almost 30t so far in 2023. They hold around 5t of stocks now, up by 5t from last month.
"We offer USD95/lb Ta2O5 FOB Africa for tantalite 30%min and could accept no counteroffers at present, while we quoted USD102/lb Ta2O5 and could accept USD100/lb Ta2O5 for orders no less than 5t early last week," said another African producer, who received no inquiry so far this week, while they received one inquiry last week. They failed to conclude any deals after they last sold around 5t at around USD100/lb Ta2O5 FOB Africa in early March. As most suppliers plan to lower their prices to promote sales, the producer remains pessimistic about the market next week and predicts that the mainstream prices would decrease by around USD2/lb Ta2O5 in the following week.
With an annual production capacity of 60t, the producer would produce around 5t in April, unchanged from last month. They produced nearly 40t in 2022 and almost 15t so far in 2023. They hold around 5t of stocks now, up by 5t from last month.
