European columbite market prices decrease
2023-04-07 10:11:48 [Print]
BEIJING (Asian Metal) 7 Apr 23 - As most downstream consumers remained cautious in sending inquiries, European columbite suppliers lowered their prices to promote sales in the past week. The current mainstream prices in the European columbite market decreased to USD16.0-16.5/lb Oxides in warehouse Rotterdam, down by USD0.5/lb Oxides from early last week. As most suppliers remain pessimistic about the market, insiders predict that the European columbite market prices would decrease further in the coming week.
A trader in Europe claimed that they quoted USD16.5/lb Oxides in warehouse Rotterdam for columbite 50%min and could accept USD16.0/lb Oxides for orders no less than 20t today, while they could accept USD16.5/lb Oxides for the same quantity when they quoted USD17.0/lb Oxides early last week. "We received one inquiry this week, while we received two inquiries in total last week," said the trader, who last sold about 20t at around USD16.5/lb Oxides to a regular client early last week. Discouraged by inactive inquiries from downstream consumers, the trader plans to lower their price by around USD0.2/lb Oxides next week and predicts that the mainstream prices would decrease by around USD0.2/lb Oxides in the coming week.
With a regular monthly trading volume of 40t, the trader would sell around 40t in April, unchanged from March. They sold nearly 330t in 2022 and almost 120t so far in 2023. They hold no stock at the moment, unchanged MoM.
"We offer USD17.0/lb Oxides in warehouse Rotterdam for columbite 50%min and could accept USD16.5/lb Oxides for orders no less than 20t at present, while they quoted USD17.5/lb Oxides and could accept USD17.0/lb Oxides for the same quantity early last week," said another trader in Europe, who received no inquiry at all this week, while they received one inquiry last week. They last sold about 20t at around USD17.0/lb Oxides to a regular client in mid-March. As many consumers remain cautious in placing orders, the trader remains pessimistic about the market next week and predicts that the mainstream prices would decrease by around USD0.2/lb Oxides in the following week.
The trader, based on a regular monthly trading volume of 20t, expects to sell around 20t in April, unchanged from March. They sold nearly 200t in 2022 and almost 60t so far in 2023. They hold no stock at the moment, unchanged MoM.
A trader in Europe claimed that they quoted USD16.5/lb Oxides in warehouse Rotterdam for columbite 50%min and could accept USD16.0/lb Oxides for orders no less than 20t today, while they could accept USD16.5/lb Oxides for the same quantity when they quoted USD17.0/lb Oxides early last week. "We received one inquiry this week, while we received two inquiries in total last week," said the trader, who last sold about 20t at around USD16.5/lb Oxides to a regular client early last week. Discouraged by inactive inquiries from downstream consumers, the trader plans to lower their price by around USD0.2/lb Oxides next week and predicts that the mainstream prices would decrease by around USD0.2/lb Oxides in the coming week.
With a regular monthly trading volume of 40t, the trader would sell around 40t in April, unchanged from March. They sold nearly 330t in 2022 and almost 120t so far in 2023. They hold no stock at the moment, unchanged MoM.
"We offer USD17.0/lb Oxides in warehouse Rotterdam for columbite 50%min and could accept USD16.5/lb Oxides for orders no less than 20t at present, while they quoted USD17.5/lb Oxides and could accept USD17.0/lb Oxides for the same quantity early last week," said another trader in Europe, who received no inquiry at all this week, while they received one inquiry last week. They last sold about 20t at around USD17.0/lb Oxides to a regular client in mid-March. As many consumers remain cautious in placing orders, the trader remains pessimistic about the market next week and predicts that the mainstream prices would decrease by around USD0.2/lb Oxides in the following week.
The trader, based on a regular monthly trading volume of 20t, expects to sell around 20t in April, unchanged from March. They sold nearly 200t in 2022 and almost 60t so far in 2023. They hold no stock at the moment, unchanged MoM.
