Chinese terbium oxide prices move up
2024-04-10 08:23:09 [Print]
BEIJING (Asian Metal) 10 Apr 24 - Chinese terbium oxide 99.99%min suppliers lifted prices and prefer to hold stocks rather than make concession on prices over the past week. Therefore, the current Chinese terbium oxide 99.99%min mainstream prices increase to RMB5,780-5,880/kg (USD799-813/kg) EXW D/P, up by around RMB200/kg (USD27.7/kg) from one week ago. Consumers delay purchasing and suppliers have difficulties in increasing prices further, so the Chinese terbium oxide 99.99%min mainstream prices would level off in the coming week.
A consumer in South China notes that his regular Chinese terbium oxide 99.99%min suppliers increase quotation to around RMB5,900/kg (USD816/kg) EXW D/P for him at the moment. According to his experience, he could buy at about RMB5,800/kg (USD802/kg) now, while he could replenish inventory at around RMB5,600/kg (USD774/kg) one week ago. "I concluded my latest procurement in mid-March, when I bought 50kg at around RMB5,400/kg (USD747/kg)," said the consumer, who prefers to delay purchasing rather than accept further price increase. He couldn't negotiate cheaper prices from suppliers and predicts that the Chinese terbium oxide 99.99%min mainstream prices would hover at current levels in the coming week.
With an annual consumption capacity of 20t of terbium oxide 99.99%min, the consumer's consumption volumes in 2023 and so far in 2024 recorded approximately 1.5t and 250kg respectively. He estimates to use around 100kg this month, without much change MoM. He holds around 20kg of stocks now, a decrease of 100kg MoM.
A trader in Guangdong province claims that his regular terbium oxide 99.99%min producers quote about RMB5,900/kg (USD816/kg) EXW D/P for him at present. Based on his experience, he could buy at around RMB5,850/kg (USD809/kg) now, while he could purchase at about RMB5,300/kg (USD733/kg) one week ago. He last bought 500kg at around RMB5,300/kg (USD733/kg) in late March. "I tried to buy 500kg at around RMB5,800/kg (USD802/kg) today but my suppliers refused to sell at prices lower than RMB5,850/kg (USD809/kg). I delayed purchasing," said the trader. As buyers prefer to postpone procurements rather than accept further price increase, he foresees stable prices in the Chinese terbium oxide 99.99%min market in the coming week.
The trader, on basis of a typical monthly purchase volume of around two tons of terbium oxide 99.99%min, bought about six tons so far this year, compared with approximately 25t last year. He estimates a purchase volume of around two tons this month, compared with about three tons last month. He has about one ton of stock now, in line with early April.
A consumer in South China notes that his regular Chinese terbium oxide 99.99%min suppliers increase quotation to around RMB5,900/kg (USD816/kg) EXW D/P for him at the moment. According to his experience, he could buy at about RMB5,800/kg (USD802/kg) now, while he could replenish inventory at around RMB5,600/kg (USD774/kg) one week ago. "I concluded my latest procurement in mid-March, when I bought 50kg at around RMB5,400/kg (USD747/kg)," said the consumer, who prefers to delay purchasing rather than accept further price increase. He couldn't negotiate cheaper prices from suppliers and predicts that the Chinese terbium oxide 99.99%min mainstream prices would hover at current levels in the coming week.
With an annual consumption capacity of 20t of terbium oxide 99.99%min, the consumer's consumption volumes in 2023 and so far in 2024 recorded approximately 1.5t and 250kg respectively. He estimates to use around 100kg this month, without much change MoM. He holds around 20kg of stocks now, a decrease of 100kg MoM.
A trader in Guangdong province claims that his regular terbium oxide 99.99%min producers quote about RMB5,900/kg (USD816/kg) EXW D/P for him at present. Based on his experience, he could buy at around RMB5,850/kg (USD809/kg) now, while he could purchase at about RMB5,300/kg (USD733/kg) one week ago. He last bought 500kg at around RMB5,300/kg (USD733/kg) in late March. "I tried to buy 500kg at around RMB5,800/kg (USD802/kg) today but my suppliers refused to sell at prices lower than RMB5,850/kg (USD809/kg). I delayed purchasing," said the trader. As buyers prefer to postpone procurements rather than accept further price increase, he foresees stable prices in the Chinese terbium oxide 99.99%min market in the coming week.
The trader, on basis of a typical monthly purchase volume of around two tons of terbium oxide 99.99%min, bought about six tons so far this year, compared with approximately 25t last year. He estimates a purchase volume of around two tons this month, compared with about three tons last month. He has about one ton of stock now, in line with early April.
