European germanium metal prices stay stable
2023-04-14 11:01:10 [Print]
BEIJING (Asian Metal) 14 Apr 23 - European germanium metal 99.99%min market ran smoothly over the past two weeks and most downstream consumers kept purchasing from hand to mouth. Currently, the mainstream prices of European germanium metal 99.99%min hover at USD1,350-1,400/kg in warehouse Rotterdam, unchanged from early this week. Market participants believe that the prevailing prices of European germanium metal 99.99%min would stay firm in the coming week supported by firm import prices presently.
A consumer in Europe noted that their regular suppliers generally insist on USD1,350/kg in warehouse Rotterdam for germanium metal 99.99%min now and none of them could accept any lower price even for firm bids, unchanged from early this week. They plan to build around 200kg of stock within April and keep watching the market now. They last purchased around 200kg at USD1,200/kg in warehouse Rotterdam early March. The source said, "We forecast that the mainstream prices of European germanium metal 99.99%min would remain unchanged in the coming week considering that most suppliers have no plan to lower the price due to tight supply in the spot market."
The consumer, having a consumption capacity of 6tpy of germanium metal 99.99%min, expects to consume around 300kg this month, in line with last month. They hold around 500kg of stocks now, unchanged MoM. They consumed around 3.6t in 2022 and around 1t in quarter one in 2023.
A trader in Europe disclosed that they insist on USD1,500/kg in warehouse Rotterdam for germanium metal 99.99%min at present and refuse to sell below this price even for regular clients, the same as this Monday. They last sold around 40kg at USD1,500/kg in warehouse Rotterdam late February and then keep watching the market. "We expect that the prevailing prices of Chinese germanium metal 99.99%min would stay stable in the following week given that most producers also refuse to lower the price," the source said.
The trader, based on a regular monthly trading volume of 100kg of germanium metal 99.99%min, holds around 200kg of stock now, unchanged from the end of March. They expect to close no deal this month and last sold around 40kg in February. They sold about 1.2t in 2022 and about 100kg so far in 2023.
A consumer in Europe noted that their regular suppliers generally insist on USD1,350/kg in warehouse Rotterdam for germanium metal 99.99%min now and none of them could accept any lower price even for firm bids, unchanged from early this week. They plan to build around 200kg of stock within April and keep watching the market now. They last purchased around 200kg at USD1,200/kg in warehouse Rotterdam early March. The source said, "We forecast that the mainstream prices of European germanium metal 99.99%min would remain unchanged in the coming week considering that most suppliers have no plan to lower the price due to tight supply in the spot market."
The consumer, having a consumption capacity of 6tpy of germanium metal 99.99%min, expects to consume around 300kg this month, in line with last month. They hold around 500kg of stocks now, unchanged MoM. They consumed around 3.6t in 2022 and around 1t in quarter one in 2023.
A trader in Europe disclosed that they insist on USD1,500/kg in warehouse Rotterdam for germanium metal 99.99%min at present and refuse to sell below this price even for regular clients, the same as this Monday. They last sold around 40kg at USD1,500/kg in warehouse Rotterdam late February and then keep watching the market. "We expect that the prevailing prices of Chinese germanium metal 99.99%min would stay stable in the following week given that most producers also refuse to lower the price," the source said.
The trader, based on a regular monthly trading volume of 100kg of germanium metal 99.99%min, holds around 200kg of stock now, unchanged from the end of March. They expect to close no deal this month and last sold around 40kg in February. They sold about 1.2t in 2022 and about 100kg so far in 2023.
