European ferroniobium market sees inactive inquiries
2024-03-29 09:57:27 [Print]
BEIJING (Asian Metal) 29 Mar 24 - As most consumers remained cautious in placing orders, European ferroniobium market witnessed inactive inquiries in the past week. The mainstream prices of European ferroniobium 66%min hover at USD45.5-46.5/kg Nb in warehouse Rotterdam at present, unchanged from early last week. As most suppliers have no confidence in the market, insiders predict that the mainstream prices would show downtrend in the coming week.
A trader in Europe claimed that they received no inquiry so far this week, while they received two inquiries in total last week. "We would like to sell ferroniobium 66%min at around USD46.0/kg Nb in warehouse Rotterdam and could accept USD45.5/kg Nb if clients could purchase no less than 5t at present, unchanged from early last week", said the trader, who last sold around 5t at about USD45.5/kg Nb in warehouse Rotterdam to a regular client early last week. As most downstream clients delay purchasing, the trader plans to lower their price by around USD0.5/kg Nb next week and predicts that the mainstream prices would decrease by around USD0.5/kg Nb in the coming week.
With a regular monthly trading volume of 10t, the trader would sell around 10t in March, unchanged from last month. They sold nearly 110t in 2023 and almost 20t so far in 2024. They hold around 5t of stocks now, the same as last month.
"We receive no inquiry since we last sold around 1t to a regular client at about USD46.0/kg Nb in mid-March", said another trader in Europe, who quotes USD46.5/kg Nb in warehouse Rotterdam for ferroniobium 66%min and could consider USD46.0/kg Nb for orders no less than 1t at the moment, the same as early last week. As most consumers remain inactive in sending inquiries, the trader remains pessimistic about the market next week and predicts that the mainstream prices would decrease by around USD0.5/kg Nb in the following week.
With a regular monthly trading volume of 1t, the trader would sell around 1t in March, unchanged from last month. They sold nearly 10t in 2023 and almost 2t so far in 2024. They hold 1t of stock now, up by 1t from February.
A trader in Europe claimed that they received no inquiry so far this week, while they received two inquiries in total last week. "We would like to sell ferroniobium 66%min at around USD46.0/kg Nb in warehouse Rotterdam and could accept USD45.5/kg Nb if clients could purchase no less than 5t at present, unchanged from early last week", said the trader, who last sold around 5t at about USD45.5/kg Nb in warehouse Rotterdam to a regular client early last week. As most downstream clients delay purchasing, the trader plans to lower their price by around USD0.5/kg Nb next week and predicts that the mainstream prices would decrease by around USD0.5/kg Nb in the coming week.
With a regular monthly trading volume of 10t, the trader would sell around 10t in March, unchanged from last month. They sold nearly 110t in 2023 and almost 20t so far in 2024. They hold around 5t of stocks now, the same as last month.
"We receive no inquiry since we last sold around 1t to a regular client at about USD46.0/kg Nb in mid-March", said another trader in Europe, who quotes USD46.5/kg Nb in warehouse Rotterdam for ferroniobium 66%min and could consider USD46.0/kg Nb for orders no less than 1t at the moment, the same as early last week. As most consumers remain inactive in sending inquiries, the trader remains pessimistic about the market next week and predicts that the mainstream prices would decrease by around USD0.5/kg Nb in the following week.
With a regular monthly trading volume of 1t, the trader would sell around 1t in March, unchanged from last month. They sold nearly 10t in 2023 and almost 2t so far in 2024. They hold 1t of stock now, up by 1t from February.
