African columbite export market sees active inquiries
2024-03-07 08:23:14 [Print]
BEIJING (Asian Metal) 7 Mar 24 - Encouraged by strong demand from downstream consumers, African columbite export market witnessed active inquiries in the past week. The current mainstream prices in the African columbite export market rose to USD17.7-18.0/lb Oxides FOB Africa, up by USD0.2/lb from early last week. As most suppliers stay in no hurry to sell, insiders predict that the African columbite export prices would increase further in the coming week.
An African trader claimed that they received three inquiries so far this week, while they received one inquiry last week. They quote USD18.0/lb Oxides FOB Africa for columbite 50%min and could accept no counteroffers at the moment, while they quoted USD18.0/lb Oxides and could consider USD17.8/lb Oxides for orders no less than 10t early last week. "We last sold about 10t to a regular client at around USD17.8/lb Oxides early last week," said the trader. Encouraged by active inquiries from most downstream consumers, the trader plans to raise their price by around USD0.2/lb Oxides next week and predicts that the mainstream prices would increase by about USD0.2/lb Oxides in the coming week.
With a regular monthly trading volume of 10t, the trader would sell around 10t in March, unchanged MoM. They sold around 100t in 2023 and around 10t so far in 2024. They hold no stock now, down by 10t from last month.
"We received two inquiries so far this week, while we received no inquiry last week," said another African producer. They would like to sell columbite 50%min at around USD17.8/lb Oxides FOB Africa and could accept USD17.7/lb Oxides if clients could purchase no less than 10t at the moment, while they offered USD17.6/lb Oxides and could accept USD17.5/lb Oxides for the same quantity early last week. They last sold about 10t to a regular client at around USD17.5/lb Oxides in mid-February. As most downstream consumers remain active in sending inquiries, the trader remains optimistic about the market next week and predicts that the mainstream prices would increase by around USD0.2/lb Oxides in the following week.
With a regular trading volume of 10t, the trader expects to sell around 10t in March, unchanged from February. They hold around 5t of stocks now, unchanged from last month. They sold around 20t so far in 2024 and around 60t in 2023.
An African trader claimed that they received three inquiries so far this week, while they received one inquiry last week. They quote USD18.0/lb Oxides FOB Africa for columbite 50%min and could accept no counteroffers at the moment, while they quoted USD18.0/lb Oxides and could consider USD17.8/lb Oxides for orders no less than 10t early last week. "We last sold about 10t to a regular client at around USD17.8/lb Oxides early last week," said the trader. Encouraged by active inquiries from most downstream consumers, the trader plans to raise their price by around USD0.2/lb Oxides next week and predicts that the mainstream prices would increase by about USD0.2/lb Oxides in the coming week.
With a regular monthly trading volume of 10t, the trader would sell around 10t in March, unchanged MoM. They sold around 100t in 2023 and around 10t so far in 2024. They hold no stock now, down by 10t from last month.
"We received two inquiries so far this week, while we received no inquiry last week," said another African producer. They would like to sell columbite 50%min at around USD17.8/lb Oxides FOB Africa and could accept USD17.7/lb Oxides if clients could purchase no less than 10t at the moment, while they offered USD17.6/lb Oxides and could accept USD17.5/lb Oxides for the same quantity early last week. They last sold about 10t to a regular client at around USD17.5/lb Oxides in mid-February. As most downstream consumers remain active in sending inquiries, the trader remains optimistic about the market next week and predicts that the mainstream prices would increase by around USD0.2/lb Oxides in the following week.
With a regular trading volume of 10t, the trader expects to sell around 10t in March, unchanged from February. They hold around 5t of stocks now, unchanged from last month. They sold around 20t so far in 2024 and around 60t in 2023.
