Chinese imported niobium concentrate market prices down
2023-04-27 08:27:46 [Print]
BEIJING (Asian Metal) 27 Apr 23 - Discouraged by inactive inquiries from most consumers, Chinese imported niobium concentrate suppliers lowered their prices to promote sales in the past week. The current mainstream prices of Chinese imported niobium concentrate 50%min decreased to USD15.5-15.8/lb Oxides CIF China, down by USD0.3/lb from early last week. As most suppliers have no confidence in the market, insiders predict that the mainstream prices would decrease further in the coming week.
A consumer in South China claimed that most regular suppliers offered USD16.0/lb Oxides CIF China for niobium concentrate 50%min and could accept USD15.5/lb Oxides for orders no less than 20t today, while the most competitive price remained at around USD15.8/lb Oxides for the same quantity when most suppliers offered USD16.2/lb Oxides early last week. "We prefer to delay purchasing until mid-May after we last deal early this month," said the consumer, who last bought about 20t at around USD15.8/lb Oxides in early April. As most suppliers compete for limited orders, the consumer predicts that the mainstream prices would decrease by around USD0.3/lb Oxides in the coming week.
The consumer, based on an annual consumption capacity of 500t, expects to consume about 20t in April, unchanged from March. They consumed nearly 400t in 2022 and almost 80t so far in 2023. They hold around 20t of stocks now, the same as last month.
"We quote USD15.9/lb Oxides CIF China for niobium concentrate 50%min and could accept USD15.6/lb Oxides for orders no less than 20t at present, while we could accept USD15.9/lb Oxides for the same quantity when we quoted USD16.0/lb Oxides early last week," said a trader in South China, who received no inquiry so far this week, while they received one inquiry in total last week. They last sold around 20t to a regular client at about USD15.9/lb Oxides early last week. Discouraged by weak demand from downstream consumers, the trader plans to lower their price by around USD0.3/lb Oxides next week and predicts that the mainstream prices would decrease by around USD0.3/lb Oxides in the following week.
With a regular monthly trading volume of 20t, the trader would sell about 20t in April, unchanged from last month. They sold nearly 200t in 2022 and almost 60t so far in 2023. They hold no stock now, unchanged from last month.
A consumer in South China claimed that most regular suppliers offered USD16.0/lb Oxides CIF China for niobium concentrate 50%min and could accept USD15.5/lb Oxides for orders no less than 20t today, while the most competitive price remained at around USD15.8/lb Oxides for the same quantity when most suppliers offered USD16.2/lb Oxides early last week. "We prefer to delay purchasing until mid-May after we last deal early this month," said the consumer, who last bought about 20t at around USD15.8/lb Oxides in early April. As most suppliers compete for limited orders, the consumer predicts that the mainstream prices would decrease by around USD0.3/lb Oxides in the coming week.
The consumer, based on an annual consumption capacity of 500t, expects to consume about 20t in April, unchanged from March. They consumed nearly 400t in 2022 and almost 80t so far in 2023. They hold around 20t of stocks now, the same as last month.
"We quote USD15.9/lb Oxides CIF China for niobium concentrate 50%min and could accept USD15.6/lb Oxides for orders no less than 20t at present, while we could accept USD15.9/lb Oxides for the same quantity when we quoted USD16.0/lb Oxides early last week," said a trader in South China, who received no inquiry so far this week, while they received one inquiry in total last week. They last sold around 20t to a regular client at about USD15.9/lb Oxides early last week. Discouraged by weak demand from downstream consumers, the trader plans to lower their price by around USD0.3/lb Oxides next week and predicts that the mainstream prices would decrease by around USD0.3/lb Oxides in the following week.
With a regular monthly trading volume of 20t, the trader would sell about 20t in April, unchanged from last month. They sold nearly 200t in 2022 and almost 60t so far in 2023. They hold no stock now, unchanged from last month.
