Chinese lutetium oxide suppliers refuse to lower prices
2024-03-20 08:28:22 [Print]
BEIJING (Asian Metal) 20 Mar 24 - Although Chinese lutetium oxide 99.99%min had no intention to purchase in bulk, Chinese lutetium oxide 99.99%min suppliers refused to mark down prices over the past week. As a consequence, the current Chinese lutetium oxide 99.99%min mainstream prices hovered at RMB5,520-5,620/kg (USD767-781/kg) EXW D/P, the same as one week ago. Given that suppliers still have no intention to mark down prices, insiders forecasted that the Chinese lutetium oxide 99.99%min mainstream prices would continue standing at current levels in the forthcoming week.
A producer in South China revealed that he held lutetium oxide 99.99%min quotation steady at about RMB5,650/kg (USD785/kg) EXW D/P and has intention to sell at about RMB5,600/kg (USD778/kg) EXW T/T 90 days and RMB5,550/kg (USD771/kg) EXW D/P this Tuesday, without much change from one week ago. He last sold 150kg of lutetium oxide 99.99%min at around RMB5,600/kg (USD778/kg) early this week. "My clients purchased inactively over the past week and I plan to reduce output by around 100kg MoM this month," said the producer, who complained about thin margins and prefers to hold stocks rather than mark down prices, He forecasted that the Chinese lutetium oxide 99.99%min market would witness further stable prices in the coming week.
With an annual production capacity of 10t of lutetium oxide 99.99%min, the producer estimated an output of around 300kg in March, compared with about 400kg in February. He produced approximately five tons and 900kg respectively in 2023 and so far in 2024. He holds an inventory of around 200kg at present, without much change MoM.
A consumer in South China claimed that his regular lutetium oxide 99.99%min suppliers still quoted about RMB5,700/kg (USD/kg) EXW T/T 90 days for him today. According to his experience, he could buy at around RMB5,600/kg (USD778/kg) EXW T/T 90 days at present, in line with one week ago. "I concluded my latest procurement two days ago, when I bought 100kg at around RMB5,600/kg (USD778/kg)," said the consumer, who used to purchase around 150kg every time in January and February but reduced purchase volume as he lacked confidence towards the demand trend. He couldn't bargain for cheaper prices from suppliers and forecasted that the Chinese lutetium oxide 99.99%min mainstream prices would continue standing at current levels in the coming week.
The consumer, on basis of an annual consumption capacity of 10t of lutetium oxide 99.99%min, consumed approximately 750kg so far this year, compared with about four tons last year. He expected to use around 300kg this month, compared with about 200kg last month. He has about 100kg of stocks now, unchanged MoM.
A producer in South China revealed that he held lutetium oxide 99.99%min quotation steady at about RMB5,650/kg (USD785/kg) EXW D/P and has intention to sell at about RMB5,600/kg (USD778/kg) EXW T/T 90 days and RMB5,550/kg (USD771/kg) EXW D/P this Tuesday, without much change from one week ago. He last sold 150kg of lutetium oxide 99.99%min at around RMB5,600/kg (USD778/kg) early this week. "My clients purchased inactively over the past week and I plan to reduce output by around 100kg MoM this month," said the producer, who complained about thin margins and prefers to hold stocks rather than mark down prices, He forecasted that the Chinese lutetium oxide 99.99%min market would witness further stable prices in the coming week.
With an annual production capacity of 10t of lutetium oxide 99.99%min, the producer estimated an output of around 300kg in March, compared with about 400kg in February. He produced approximately five tons and 900kg respectively in 2023 and so far in 2024. He holds an inventory of around 200kg at present, without much change MoM.
A consumer in South China claimed that his regular lutetium oxide 99.99%min suppliers still quoted about RMB5,700/kg (USD/kg) EXW T/T 90 days for him today. According to his experience, he could buy at around RMB5,600/kg (USD778/kg) EXW T/T 90 days at present, in line with one week ago. "I concluded my latest procurement two days ago, when I bought 100kg at around RMB5,600/kg (USD778/kg)," said the consumer, who used to purchase around 150kg every time in January and February but reduced purchase volume as he lacked confidence towards the demand trend. He couldn't bargain for cheaper prices from suppliers and forecasted that the Chinese lutetium oxide 99.99%min mainstream prices would continue standing at current levels in the coming week.
The consumer, on basis of an annual consumption capacity of 10t of lutetium oxide 99.99%min, consumed approximately 750kg so far this year, compared with about four tons last year. He expected to use around 300kg this month, compared with about 200kg last month. He has about 100kg of stocks now, unchanged MoM.
