Chinese yttrium oxide prices edge up
2024-04-09 08:24:20 [Print]
BEIJING (Asian Metal) 9 Apr 24 - As consumers became active in purchasing, Chinese yttrium oxide 99.999%min suppliers lifted prices over the past week. As a consequence, the current Chinese yttrium oxide 99.999%min mainstream prices rise to RMB42,000-43,000/t (USD5,807-5,945/t) EXW D/P, a slight increase of around RMB200/t (USD27.7/t) from one week ago. Suppliers face difficulties in lifting prices further and plan to hold prices stable, so insiders forecasted that the Chinese yttrium oxide 99.999%min mainstream prices would level off in the forthcoming week.
A producer in Jiangxi province reveals that he lifts yttrium oxide 99.999%min quotation to about RMB44,000/t (USD6,084/t) EXW D/P and considers selling at about RMB43,000/t (USD5,945/t) at present, while he has intention to sell at around RMB42,500/t (USD5,876/t) one week ago. He concluded his latest sale the day before yesterday, when he sold 60t at around RMB43,000/t (USD5,945/t). "My clients became active in purchasing over the past week, so I lifted prices this week," said the producer, who faces difficulty in increasing prices further and plans to hold prices steady in the coming week. He predicted that the Chinese yttrium oxide 99.999%min market would witness steady prices in the upcoming week.
With an annual production capacity of 1,560t of yttrium oxide 99.999%min, the producer expects an output of around 130t this month, without much change MoM. He produced approximately 1,400t and 400t respectively in 2023 and so far in 2024. He holds an inventory of about 200t now, down by 100t MoM.
A trader in Jiangxi province claims that they quote about RMB44,000/t (USD6,084/t) EXW D/P for yttrium oxide 99.999%min and have no intention to sell at prices lower than RMB43,000/t (USD5,945/t) now, while they had intention to sell at around RMB42,800/t (USD5,918/t) one week ago. "I last sold two tons at around RMB43,000/t (USD5,945/t) yesterday," said the trader, disclosing that they have to increase prices due to upward prices from their producers. They forecast that the Chinese yttrium oxide 99.999%min mainstream prices would hover at current levels in the coming week.
The producer, with a typical monthly trading volume of around 10t of yttrium oxide 99.999%min, sold about 30t so far this year, compared with approximately 130t in 2023. They expect to sell around 10t this month, without much change MoM. Thet hold no stock at the moment, unchanged MoM.
A producer in Jiangxi province reveals that he lifts yttrium oxide 99.999%min quotation to about RMB44,000/t (USD6,084/t) EXW D/P and considers selling at about RMB43,000/t (USD5,945/t) at present, while he has intention to sell at around RMB42,500/t (USD5,876/t) one week ago. He concluded his latest sale the day before yesterday, when he sold 60t at around RMB43,000/t (USD5,945/t). "My clients became active in purchasing over the past week, so I lifted prices this week," said the producer, who faces difficulty in increasing prices further and plans to hold prices steady in the coming week. He predicted that the Chinese yttrium oxide 99.999%min market would witness steady prices in the upcoming week.
With an annual production capacity of 1,560t of yttrium oxide 99.999%min, the producer expects an output of around 130t this month, without much change MoM. He produced approximately 1,400t and 400t respectively in 2023 and so far in 2024. He holds an inventory of about 200t now, down by 100t MoM.
A trader in Jiangxi province claims that they quote about RMB44,000/t (USD6,084/t) EXW D/P for yttrium oxide 99.999%min and have no intention to sell at prices lower than RMB43,000/t (USD5,945/t) now, while they had intention to sell at around RMB42,800/t (USD5,918/t) one week ago. "I last sold two tons at around RMB43,000/t (USD5,945/t) yesterday," said the trader, disclosing that they have to increase prices due to upward prices from their producers. They forecast that the Chinese yttrium oxide 99.999%min mainstream prices would hover at current levels in the coming week.
The producer, with a typical monthly trading volume of around 10t of yttrium oxide 99.999%min, sold about 30t so far this year, compared with approximately 130t in 2023. They expect to sell around 10t this month, without much change MoM. Thet hold no stock at the moment, unchanged MoM.
