Chinese samarium metal prices move down
2024-04-04 07:24:37 [Print]
BEIJING (Asian Metal) 4 Apr 24 - The Chinese samarium metal 99.5%min market saw weak demand over the past week. The current Chinese samarium metal 99.5%min mainstream prices go down to RMB79-81/kg (USD10.9-11.2/kg) EXW T/T 30 days, down by around RMB1/kg (USD0.1/kg) from one week ago. Given that suppliers prefer to hold stocks rather than mark down prices further, insiders forecasted that the Chinese samarium metal 99.5%min mainstream prices still have room to go down in the upcoming week.
A producer in Inner Mongolia revealed that he marks down samarium metal 99.5%min quotation to about RMB81/kg (USD11.2/kg) EXW T/T 30 days and considers selling at prices not lower than RMB79/kg (USD10.9/kg) at present, while he refused to sell at prices below RMB80/kg (USD11.1/kg) one week ago. He last sold one ton at around RMB79/kg (USD10.9/kg) one week ago. "My stocks increased by around three tons MoM, so I lowered prices in order to gain orders over the past week," said the producer, who already faces difficulty in gainning margins and prefers to hold stocks rather than lower prices further. As suppliers refuse to make concession on prices further, he foresees steady prices in the Chinese samarium metal 99.5%min market in the upcoming week.
With an annual production capacity of 250t of samarium metal 99.5%min, the producer's output so far in 2024 recorded about 20t, compared with approximately 112t in 2023. He produced around six tons in March, compared with about five tons in February. He holds an inventory of around 10t at present, up by three tons MoM.
A consumer in Sichuan claimed that his regular samarium metal 99.5%min suppliers quote around RMB82/kg (USD11.3/kg) EXW T/T 30 days for him today. According to his experience, he could purchase at about RMB81/kg (USD11.2/kg) now, while he couldn't replenish stocks at prices lower than RMB82/kg (USD11.3/kg) one week ago. He concluded his latest procurement in mid-March, when he purchased two tons at around RMB82/kg (USD11.3/kg). "I still have no intention to purchase samarium metal 99.5%min and will consume stocks in the coming week," said the consumer, who faces difficulty in bargaining cheaper prices from suppliers and forecasts that the Chinese samarium metal 99.5%min mainstream prices would hover at current levels in the coming week.
The consumer, on basis of an annual consumption capacity of 60t of samarium metal 99.5%min, expects to use around one ton this month, unchanged MoM. He consumed about two tons so far this year, compared with approximately 33t last year. He has around one ton of stock at the moment, in line with one week ago.
A producer in Inner Mongolia revealed that he marks down samarium metal 99.5%min quotation to about RMB81/kg (USD11.2/kg) EXW T/T 30 days and considers selling at prices not lower than RMB79/kg (USD10.9/kg) at present, while he refused to sell at prices below RMB80/kg (USD11.1/kg) one week ago. He last sold one ton at around RMB79/kg (USD10.9/kg) one week ago. "My stocks increased by around three tons MoM, so I lowered prices in order to gain orders over the past week," said the producer, who already faces difficulty in gainning margins and prefers to hold stocks rather than lower prices further. As suppliers refuse to make concession on prices further, he foresees steady prices in the Chinese samarium metal 99.5%min market in the upcoming week.
With an annual production capacity of 250t of samarium metal 99.5%min, the producer's output so far in 2024 recorded about 20t, compared with approximately 112t in 2023. He produced around six tons in March, compared with about five tons in February. He holds an inventory of around 10t at present, up by three tons MoM.
A consumer in Sichuan claimed that his regular samarium metal 99.5%min suppliers quote around RMB82/kg (USD11.3/kg) EXW T/T 30 days for him today. According to his experience, he could purchase at about RMB81/kg (USD11.2/kg) now, while he couldn't replenish stocks at prices lower than RMB82/kg (USD11.3/kg) one week ago. He concluded his latest procurement in mid-March, when he purchased two tons at around RMB82/kg (USD11.3/kg). "I still have no intention to purchase samarium metal 99.5%min and will consume stocks in the coming week," said the consumer, who faces difficulty in bargaining cheaper prices from suppliers and forecasts that the Chinese samarium metal 99.5%min mainstream prices would hover at current levels in the coming week.
The consumer, on basis of an annual consumption capacity of 60t of samarium metal 99.5%min, expects to use around one ton this month, unchanged MoM. He consumed about two tons so far this year, compared with approximately 33t last year. He has around one ton of stock at the moment, in line with one week ago.
