Chinese potassium fluotantalate market prices decrease
2023-04-13 08:08:16 [Print]
BEIJING (Asian Metal) 13 Apr 23 - Discouraged by weak demand from most downstream consumers, Chinese potassium fluotantalate market prices showed downtrend in the past week. The current mainstream prices of Chinese potassium fluotantalate decreased to RMB1,020-1,050/kg (USD148-152/kg) EXW D/P, down by RMB20/kg (USD3/kg) from early last week. As tantalum concentrate prices decrease, insiders predict that the potassium fluotantalate prices would decrease further in the coming week.
"We quote RMB1,060/kg (USD154/kg) EXW D/P for potassium fluotantalate and could accept RMB1,040/kg (USD151/kg) for orders no less than 1t at present, while we insisted on RMB1,060/kg (USD154/kg) for the same quantity early last week," said a trader in South China, who last sold about 1t at around RMB1,060/kg (USD154/kg) to a regular client in late March. As most consumers remain cautious in placing orders, the trader plans to lower their price by around RMB20/kg (USD3/kg) next week and predicts that the mainstream prices would decrease by around RMB20/kg (USD3/kg) in the coming week.
With a monthly trading volume of 5t, the trader would sell around 3t in April, down by 2t from March. They sold around 40t in 2022 and almost 15t so far in 2023. They hold around 2t of stocks now, up by 1t MoM.
A producer in South China noted that discouraged by lower tantalite prices, they quoted RMB1,050/kg (USD152/kg) EXW D/P for potassium fluotantalate and could accept RMB1,030/kg (USD150/kg) for orders no less than 2t today, while they could accept RMB1,050/kg (USD152/kg) for the same quantity when they quoted RMB1,070/kg (USD155/kg) early last week. "We received only one inquiry so far this week, while we received two inquiries in total last week," said the producer, who last sold about 2t to a regular client at around RMB1,050/kg (USD152/kg) early last week. Discouraged by inactive inquiries from most consumers, the producer plans to accept a counteroffer of around RMB20/kg (USD3/kg) next week and predicts that the mainstream price would decrease by around RMB20/kg (USD3/kg) in the following week.
With an annual production capacity of 240t, the producer would produce around 15t in April, unchanged from last month. The producer produced nearly 160t in 2022 and almost 45t so far in 2023. They hold around 10t of stocks now, the same as last month.
"We quote RMB1,060/kg (USD154/kg) EXW D/P for potassium fluotantalate and could accept RMB1,040/kg (USD151/kg) for orders no less than 1t at present, while we insisted on RMB1,060/kg (USD154/kg) for the same quantity early last week," said a trader in South China, who last sold about 1t at around RMB1,060/kg (USD154/kg) to a regular client in late March. As most consumers remain cautious in placing orders, the trader plans to lower their price by around RMB20/kg (USD3/kg) next week and predicts that the mainstream prices would decrease by around RMB20/kg (USD3/kg) in the coming week.
With a monthly trading volume of 5t, the trader would sell around 3t in April, down by 2t from March. They sold around 40t in 2022 and almost 15t so far in 2023. They hold around 2t of stocks now, up by 1t MoM.
A producer in South China noted that discouraged by lower tantalite prices, they quoted RMB1,050/kg (USD152/kg) EXW D/P for potassium fluotantalate and could accept RMB1,030/kg (USD150/kg) for orders no less than 2t today, while they could accept RMB1,050/kg (USD152/kg) for the same quantity when they quoted RMB1,070/kg (USD155/kg) early last week. "We received only one inquiry so far this week, while we received two inquiries in total last week," said the producer, who last sold about 2t to a regular client at around RMB1,050/kg (USD152/kg) early last week. Discouraged by inactive inquiries from most consumers, the producer plans to accept a counteroffer of around RMB20/kg (USD3/kg) next week and predicts that the mainstream price would decrease by around RMB20/kg (USD3/kg) in the following week.
With an annual production capacity of 240t, the producer would produce around 15t in April, unchanged from last month. The producer produced nearly 160t in 2022 and almost 45t so far in 2023. They hold around 10t of stocks now, the same as last month.
