Chinese samarium metal suppliers hold prices steady
2024-03-26 08:29:14 [Print]
BEIJING (Asian Metal) 26 Mar 24 - Owing to steady samarium oxide 99.9%min prices, Chinese samarium metal 99.5%min suppliers refused to mark down prices in spite of weak demand from consumers. As a consequence, the current Chinese samarium metal 99.5%min mainstream prices hovered at RMB80-82/kg (USD11.1-11.4/kg) EXW T/T 30 days, in line with one week ago. In view of stable samarium oxide 99.9%min prices, insiders forecasted that the Chinese samarium metal 99.5%min market would continue witnessing steady prices in the coming week.
A producer in Jiangxi province revealed that he held samarium metal 99.5%min quotation firm at around RMB83/kg (USD11.5/kg) EXW T/T 30 days and refused to sell at prices below RMB82/kg (USD11.4/kg) this Monday, the same as one week ago. "I concluded my latest deal late last week, when I sold five tons at around RMB82/kg (USD11.4/kg)," said the producer, who last purchased 30t of samarium oxide 99.9%min at about RMB13,000/t (USD1,802/t) EXW D/P late last week. Given the steady samarium oxide 99.9%min prices, he had no intention to make concession on prices in spite of soft demand from consumers. He foresaw further steady prices in the Chinese samarium metal 99.5%min market in the upcoming week.
The producer, on basis of an annual production capacity of 360t of samarium metal 99.5%min, expected an output of around 15t in March, down by five tons MoM. He produced approximately 280t and 55t respectively in 2023 and so far in 2024. He doesn't have stock at present, the same as one month ago.
A consumer in South China noted that his regular samarium metal 99.5%min suppliers still quoted about RMB81/kg (USD11.2/kg) EXW T/T 30 days for him today. According to his experience, he could purchase at around RMB80/kg (USD11.1/kg) now, in line with one week ago. He last purchased two tons at around RMB80/kg (USD11.1/kg) early last week. "I couldn't negotiate cheaper prices from suppliers and predicted that the Chinese samarium metal 99.5%min mainstream prices would keep standing at current levels in the coming week," said the consumer, who doesn't want to hold big volume of stocks due to abundant supply and flat prices.
With an annual consumption capacity of 84t of samarium metal 99.5%min, the consumer's consumption volume so far this year recorded around seven tons, compared with 38t last year. He estimated to use around three and a half tons this month, up by one and a half tons MoM. He holds an inventory of around one ton now, without much change MoM.
A producer in Jiangxi province revealed that he held samarium metal 99.5%min quotation firm at around RMB83/kg (USD11.5/kg) EXW T/T 30 days and refused to sell at prices below RMB82/kg (USD11.4/kg) this Monday, the same as one week ago. "I concluded my latest deal late last week, when I sold five tons at around RMB82/kg (USD11.4/kg)," said the producer, who last purchased 30t of samarium oxide 99.9%min at about RMB13,000/t (USD1,802/t) EXW D/P late last week. Given the steady samarium oxide 99.9%min prices, he had no intention to make concession on prices in spite of soft demand from consumers. He foresaw further steady prices in the Chinese samarium metal 99.5%min market in the upcoming week.
The producer, on basis of an annual production capacity of 360t of samarium metal 99.5%min, expected an output of around 15t in March, down by five tons MoM. He produced approximately 280t and 55t respectively in 2023 and so far in 2024. He doesn't have stock at present, the same as one month ago.
A consumer in South China noted that his regular samarium metal 99.5%min suppliers still quoted about RMB81/kg (USD11.2/kg) EXW T/T 30 days for him today. According to his experience, he could purchase at around RMB80/kg (USD11.1/kg) now, in line with one week ago. He last purchased two tons at around RMB80/kg (USD11.1/kg) early last week. "I couldn't negotiate cheaper prices from suppliers and predicted that the Chinese samarium metal 99.5%min mainstream prices would keep standing at current levels in the coming week," said the consumer, who doesn't want to hold big volume of stocks due to abundant supply and flat prices.
With an annual consumption capacity of 84t of samarium metal 99.5%min, the consumer's consumption volume so far this year recorded around seven tons, compared with 38t last year. He estimated to use around three and a half tons this month, up by one and a half tons MoM. He holds an inventory of around one ton now, without much change MoM.
