Brazilian columbite export market sees active inquiries
2024-03-01 09:45:33 [Print]
BEIJING (Asian Metal) 1 Mar 24 - Encouraged by strong demand from most downstream consumers, Brazilian columbite export market witnessed active inquiries in the past week. The current mainstream export prices for Brazilian columbite 50%min rose to USD17.7-18.0/lb Oxides FOB Brazil, up by USD0.2/lb Oxides from early last week. As most suppliers stay in no hurry to sell, insiders predict that the Brazilian columbite export prices would increase further in the coming week.
A trader in Brazil claimed that they received three inquiries so far this week, while they received one inquiry in total last week. "We quote USD18.0/lb Oxides FOB Brazil for columbite 50%min and could accept no counteroffers at present, while we could consider USD17.8/lb Oxides for orders no less than 20t when we quoted USD18.0/lb Oxides early last week", said the trader, who just sold around 20t to a regular client at about USD18.0/lb Oxides early this week. As most consumers remain active in sending inquiries, the trader plans to raise their price by around USD0.1/lb Oxides next week and predicts that the mainstream prices would increase by around USD0.1/lb Oxides in the coming week.
Based on a regular monthly trading volume of 20t, the trader would sell around 20t in February, unchanged from last month. They sold around 220t in 2022 and 180t in 2023. They hold around 10t of stocks now, the same as last month.
"We received two inquiries so far this week, while we received one inquiry in total last week", said another trader in Brazil, who would like to sell columbite 50%min at around USD18.2/lb Oxides FOB Brazil and could accept USD18.0/lb Oxides if clients could purchase no less than 10t at present, while they quoted USD18.0/lb Oxides and could consider USD17.8/lb Oxides for the same quantity early last week. They last sold around 10t to a regular client at about USD17.8/lb Oxides in mid-February. Encouraged by strong demand from downstream consumers, the trader has confidence in the market next week and predicts that the mainstream prices would increase by around USD0.1/lb Oxides in the following week.
With a regular monthly trading volume of 10t, the trader sold around 10t in February, the same as last month. They sold around 60t in 2022 and almost 60t in 2023. They hold around 5t of stocks at the moment, unchanged from last month.
A trader in Brazil claimed that they received three inquiries so far this week, while they received one inquiry in total last week. "We quote USD18.0/lb Oxides FOB Brazil for columbite 50%min and could accept no counteroffers at present, while we could consider USD17.8/lb Oxides for orders no less than 20t when we quoted USD18.0/lb Oxides early last week", said the trader, who just sold around 20t to a regular client at about USD18.0/lb Oxides early this week. As most consumers remain active in sending inquiries, the trader plans to raise their price by around USD0.1/lb Oxides next week and predicts that the mainstream prices would increase by around USD0.1/lb Oxides in the coming week.
Based on a regular monthly trading volume of 20t, the trader would sell around 20t in February, unchanged from last month. They sold around 220t in 2022 and 180t in 2023. They hold around 10t of stocks now, the same as last month.
"We received two inquiries so far this week, while we received one inquiry in total last week", said another trader in Brazil, who would like to sell columbite 50%min at around USD18.2/lb Oxides FOB Brazil and could accept USD18.0/lb Oxides if clients could purchase no less than 10t at present, while they quoted USD18.0/lb Oxides and could consider USD17.8/lb Oxides for the same quantity early last week. They last sold around 10t to a regular client at about USD17.8/lb Oxides in mid-February. Encouraged by strong demand from downstream consumers, the trader has confidence in the market next week and predicts that the mainstream prices would increase by around USD0.1/lb Oxides in the following week.
With a regular monthly trading volume of 10t, the trader sold around 10t in February, the same as last month. They sold around 60t in 2022 and almost 60t in 2023. They hold around 5t of stocks at the moment, unchanged from last month.
