Chinese gadolinium oxide prices level off
2023-04-20 08:22:55 [Print]
BEIJING (Asian Metal) 20 Apr 23 - Chinese gadolinium oxide 99.5%min suppliers refused to mark down prices further over the past two days. Consequently, the current Chinese gadolinium oxide 99.5%min mainstream prices hover at RMB258,000-263,000/t (USD37,417-38,142/t) EXW D/P, the same as two days ago. Given that suppliers still have no intention to make concession on prices, insiders forecasted that the Chinese gadolinium oxide 99.5%min mainstream prices would not still change much in the upcoming two days.
A consumer in South China revealed that his regular suppliers hold gadolinium oxide 99.5%min quotation firm at about RMB265,000/t (USD38,433/t) EXW D/P to him at present. Based on his experience, he could buy at around RMB262,000/t (USD37,997/t) now, in line with two days ago. "I concluded my latest procurement early this week, when I bought three tons at around RMB262,000/t (USD37,997/t)," said the consumer, who intends to hold a wait-and-see attitude towards the Chinese gadolinium oxide 99.5%min market due to weak demand from his end users. He couldn't bargain for better prices from suppliers and predicted that the Chinese gadolinium oxide 99.5%min mainstream prices would remain stable in the coming two days.
With an annual consumption capacity of 540t of gadolinium oxide 99.5%min, the consumer expects to consume around 10t of gadolinium oxide 99.5%min this month, without much change Mom. He consumed approximately 250t and 30t respectively last year and so far this year. He holds an inventory of about five tons now, the same as mid-March.
Another consumer in South China disclosed that his regular suppliers still quote about RMB260,000/t (USD37,707/t) EXW D/P for gadolinium oxide 99.5%min to him at present. According to his experience, he could buy at around RMB258,000/t (USD37,417/t) now, without much change from early this week. He last purchased four tons at around RMB260,000/t (USD37,707/t) late last week. "In view of the sufficient supply and flat prices, I have no plan to replenish gadolinium oxide 99.5%min stocks again in the coming week," said the consumer, who forecasted that the Chinese gadolinium oxide 99.5%min mainstream prices would continue standing at current levels in the coming week as suppliers refuse to lower prices.
The consumer, with an annual consumption capacity of 720t of gadolinium oxide 99.5%min, expects to consume around 25t this month, without much change MoM. He consumed about 80t so fat this year, compared with approximately 280t last year. He has around 15t of stocks now, in line with one month ago.
A consumer in South China revealed that his regular suppliers hold gadolinium oxide 99.5%min quotation firm at about RMB265,000/t (USD38,433/t) EXW D/P to him at present. Based on his experience, he could buy at around RMB262,000/t (USD37,997/t) now, in line with two days ago. "I concluded my latest procurement early this week, when I bought three tons at around RMB262,000/t (USD37,997/t)," said the consumer, who intends to hold a wait-and-see attitude towards the Chinese gadolinium oxide 99.5%min market due to weak demand from his end users. He couldn't bargain for better prices from suppliers and predicted that the Chinese gadolinium oxide 99.5%min mainstream prices would remain stable in the coming two days.
With an annual consumption capacity of 540t of gadolinium oxide 99.5%min, the consumer expects to consume around 10t of gadolinium oxide 99.5%min this month, without much change Mom. He consumed approximately 250t and 30t respectively last year and so far this year. He holds an inventory of about five tons now, the same as mid-March.
Another consumer in South China disclosed that his regular suppliers still quote about RMB260,000/t (USD37,707/t) EXW D/P for gadolinium oxide 99.5%min to him at present. According to his experience, he could buy at around RMB258,000/t (USD37,417/t) now, without much change from early this week. He last purchased four tons at around RMB260,000/t (USD37,707/t) late last week. "In view of the sufficient supply and flat prices, I have no plan to replenish gadolinium oxide 99.5%min stocks again in the coming week," said the consumer, who forecasted that the Chinese gadolinium oxide 99.5%min mainstream prices would continue standing at current levels in the coming week as suppliers refuse to lower prices.
The consumer, with an annual consumption capacity of 720t of gadolinium oxide 99.5%min, expects to consume around 25t this month, without much change MoM. He consumed about 80t so fat this year, compared with approximately 280t last year. He has around 15t of stocks now, in line with one month ago.
