Chinese germanium metal market active
2024-03-11 08:29:29 [Print]
BEIJING (Asian Metal) 11 Mar 24 - Chinese germanium metal 99.99%min market ran active over the past two weeks as the downstream began to place orders. Most suppliers held their prices steady and waited for the downstream to purchase. The current mainstream prices of Chinese germanium metal 99.99%min hover at RMB9,000-9,400/kg (USD1,251-1,306/kg) EXW D/P, the same as the end of last week. Insiders believed that the prevailing prices of Chinese germanium metal 99.99%min would remain stable in the upcoming week supported by limited stocks of producers.
A producer in South China disclosed that they received more than 5 inquiries for germanium metal 99.99%min since late last month, while they got 2-3 inquiries before the Spring Festival. They concluded their latest sale early this week, when they sold around 200kg at RMB9,000/kg (USD1,251/kg) EXW D/P. They had no intention to sell at prices lower than RMB9,000/kg (USD1,251/kg) at present, in line with late last week. "We had no intention to lower our prices and stayed in no hurry to sell now as we held limited stocks", the producer said, who predicted that the mainstream prices of Chinese germanium metal 99.99%min would hover at the current level in the following week.
The producer, with a production capacity of 30tpy of germanium metal 99.99%min, holds nearly no stocks now, in line with late February. They expected to produce about 2t in this month, the same as last month.
Another producer in South China noted that they concluded more than 3 orders of germanium metal 99.99%min after the Spring Festival, while they closed no deals before the holiday. They offered RMB8,800/kg (USD1,223/kg) EXW D/P for germanium metal 99.99%min presently and could not accept any lower price, without much change from one week ago. They last sold around 400kg at RMB8,800/kg (USD1,223/kg) late last week. "We forecasted that the mainstream prices of Chinese germanium metal 99.99%min would keep steady in the upcoming week given the limited stocks from producers", the producer said.
The producer, with a production capacity of 20tpy of germanium metal 99.99%min, holds no stocks present, in line with late last month. They expected to produce about 1t in this month, unchanged MoM.
A producer in South China disclosed that they received more than 5 inquiries for germanium metal 99.99%min since late last month, while they got 2-3 inquiries before the Spring Festival. They concluded their latest sale early this week, when they sold around 200kg at RMB9,000/kg (USD1,251/kg) EXW D/P. They had no intention to sell at prices lower than RMB9,000/kg (USD1,251/kg) at present, in line with late last week. "We had no intention to lower our prices and stayed in no hurry to sell now as we held limited stocks", the producer said, who predicted that the mainstream prices of Chinese germanium metal 99.99%min would hover at the current level in the following week.
The producer, with a production capacity of 30tpy of germanium metal 99.99%min, holds nearly no stocks now, in line with late February. They expected to produce about 2t in this month, the same as last month.
Another producer in South China noted that they concluded more than 3 orders of germanium metal 99.99%min after the Spring Festival, while they closed no deals before the holiday. They offered RMB8,800/kg (USD1,223/kg) EXW D/P for germanium metal 99.99%min presently and could not accept any lower price, without much change from one week ago. They last sold around 400kg at RMB8,800/kg (USD1,223/kg) late last week. "We forecasted that the mainstream prices of Chinese germanium metal 99.99%min would keep steady in the upcoming week given the limited stocks from producers", the producer said.
The producer, with a production capacity of 20tpy of germanium metal 99.99%min, holds no stocks present, in line with late last month. They expected to produce about 1t in this month, unchanged MoM.
