Chinese germanium metal prices increase
2024-03-21 08:05:00 [Print]
BEIJING (Asian Metal) 21 Mar 24 - Encouraged by tight supply in the spot market, most Chinese germanium metal 99.99%min suppliers moved up the prices. The current mainstream prices of Chinese germanium metal 99.99%min increased to at RMB9,500-9,900/kg (USD1,321-1,376/kg) EXW D/P, increased by RMB200/kg (USD1,376/kg) from one week ago. Insiders believed that the prevailing prices of Chinese germanium metal 99.99%min would show an uptrend in the upcoming days with higher offers from suppliers.
A South-China-based producer disclosed that they intend to hold back from offering germanium metal 99.99%min and refused to sell at prices lower than RMB9,500/kg (USD1,321/kg) at present. However, they still could accept RMB9,300/kg (USD1,293/kg) EXW D/P one week ago and last sold around 200kg at RMB9,500/kg (USD1,321/kg) early this week. "We supposed that the mainstream prices of Chinese germanium metal 99.99%min would move up further driven by high raw material prices" the producer said.
The producer, with a production capacity of 30tpy of germanium metal 99.99%min, expected to produce about 1,500kg this month, in line with last month. They hold no stock now, the same as the end of last month. They produced about 20t in 2023 and around 3.5t till now in 2024.
A trader in southern China noted that they marked up the price of germanium metal 99.99%min to RMB9,500/kg (USD1,321/kg) EXW D/P at present and refused to lower the price even for firm bids, while they could accept the price as low as RMB9,200/kg (USD1,279/kg) one week ago. They last sold around 50kg at RMB9,200/kg (USD1,279/kg) EXW D/P one week ago. The trader said, "In view of tight supply from producers, we forecast that the mainstream prices of Chinese germanium metal 99.99%min would increase slightly in the upcoming week."
The trader, based on a regular monthly trading volume of 500kg of germanium metal 99.99%min, expected to sell around 500kg in March, in line with last month. They hold around 200kg of stock now, down by about 100kg from the end of last month.
A South-China-based producer disclosed that they intend to hold back from offering germanium metal 99.99%min and refused to sell at prices lower than RMB9,500/kg (USD1,321/kg) at present. However, they still could accept RMB9,300/kg (USD1,293/kg) EXW D/P one week ago and last sold around 200kg at RMB9,500/kg (USD1,321/kg) early this week. "We supposed that the mainstream prices of Chinese germanium metal 99.99%min would move up further driven by high raw material prices" the producer said.
The producer, with a production capacity of 30tpy of germanium metal 99.99%min, expected to produce about 1,500kg this month, in line with last month. They hold no stock now, the same as the end of last month. They produced about 20t in 2023 and around 3.5t till now in 2024.
A trader in southern China noted that they marked up the price of germanium metal 99.99%min to RMB9,500/kg (USD1,321/kg) EXW D/P at present and refused to lower the price even for firm bids, while they could accept the price as low as RMB9,200/kg (USD1,279/kg) one week ago. They last sold around 50kg at RMB9,200/kg (USD1,279/kg) EXW D/P one week ago. The trader said, "In view of tight supply from producers, we forecast that the mainstream prices of Chinese germanium metal 99.99%min would increase slightly in the upcoming week."
The trader, based on a regular monthly trading volume of 500kg of germanium metal 99.99%min, expected to sell around 500kg in March, in line with last month. They hold around 200kg of stock now, down by about 100kg from the end of last month.
