Chinese germanium metal prices remain stable
2023-04-28 09:33:19 [Print]
BEIJING (Asian Metal) 28 Apr 23 - Chinese germanium metal 99.99%min suppliers generally insist on their prices at present supported by firm prices of raw materials. The market runs smoothly and most downstream consumers keep purchasing from hand to mouth. Currently, the mainstream prices of Chinese germanium metal 99.99%min stand at RMB9,150-9,550/kg (USD1,322-1,379/kg) EXW D/P, unchanged from early this week. Insiders believe that the prevailing prices of Chinese germanium metal 99.99%min would stay firm next week considering that most producers refuse to lower prices with wait-and-see attitudes.
A consumer in southern China mentioned that one of suppliers offers RMB9,600/kg (USD1,387/kg) EXW D/P for germanium metal 99.99%min now and refuses to sell below RMB9,500/kg (USD1,372/kg) EXW D/P for firm bids, unchanged from last week. They last purchased around 100kg at RMB9,200/kg (USD1,329/kg) EXW D/P at the beginning of this month and then kept watching the market till now with enough stocks now. The source said, "Driven by firm prices from producers, we forecast that the mainstream prices of Chinese germanium metal 99.99%min would remain stable in the following week."
The consumer, based on a consumption capacity of 1.2tpy of germanium metal 99.99%min, holds around 100kg of stocks now, down by about 50kg from the end of last month. They expect to consume around 50kg this month, unchanged from last month. They consumed about 600kg in 2022 and around 150kg in the past three months in 2023.
A trader in southern China stated that they offer RMB9,350/kg (USD1,350/kg) EXW D/P for germanium metal 99.99%min now and could not accept any lower price even for firm bids, the same as the beginning of this week, when they last sold around 300kg at RMB9,350/kg (USD1,350/kg) EXW D/P. They tend to keep the price unchanged before the end of this month, while hold no confidence to close more deals due to wait-and-see attitudes from buyers. "We predict that the prevailing prices of Chinese germanium metal 99.99%min would remain stable in the upcoming week due to firm prices from producers now," the source said.
The trader, having a regular monthly trading volume of 500kg of germanium metal 99.99%min, expects to sell 500kg this month, unchanged from last month. They hold around 2t of stocks now, down by about 500kg from the end of March. They sold around 6t in 2022 and about 1.5t so far in 2023.
A consumer in southern China mentioned that one of suppliers offers RMB9,600/kg (USD1,387/kg) EXW D/P for germanium metal 99.99%min now and refuses to sell below RMB9,500/kg (USD1,372/kg) EXW D/P for firm bids, unchanged from last week. They last purchased around 100kg at RMB9,200/kg (USD1,329/kg) EXW D/P at the beginning of this month and then kept watching the market till now with enough stocks now. The source said, "Driven by firm prices from producers, we forecast that the mainstream prices of Chinese germanium metal 99.99%min would remain stable in the following week."
The consumer, based on a consumption capacity of 1.2tpy of germanium metal 99.99%min, holds around 100kg of stocks now, down by about 50kg from the end of last month. They expect to consume around 50kg this month, unchanged from last month. They consumed about 600kg in 2022 and around 150kg in the past three months in 2023.
A trader in southern China stated that they offer RMB9,350/kg (USD1,350/kg) EXW D/P for germanium metal 99.99%min now and could not accept any lower price even for firm bids, the same as the beginning of this week, when they last sold around 300kg at RMB9,350/kg (USD1,350/kg) EXW D/P. They tend to keep the price unchanged before the end of this month, while hold no confidence to close more deals due to wait-and-see attitudes from buyers. "We predict that the prevailing prices of Chinese germanium metal 99.99%min would remain stable in the upcoming week due to firm prices from producers now," the source said.
The trader, having a regular monthly trading volume of 500kg of germanium metal 99.99%min, expects to sell 500kg this month, unchanged from last month. They hold around 2t of stocks now, down by about 500kg from the end of March. They sold around 6t in 2022 and about 1.5t so far in 2023.
