African columbite export market prices decrease
2024-04-11 08:00:30 [Print]
BEIJING (Asian Metal) 11 Apr 24 - As most downstream consumers remain inactive in sending inquiries, African columbite suppliers lower their export market prices in the past week. The current mainstream prices in the African columbite export market decrease to USD18.8-19.1/lb Oxides FOB Africa, down by USD0.1/lb Oxides from early last week. As most suppliers have no confidence in the market, insiders predict that the African columbite export prices would decrease further in the coming week.
"We would like to sell columbite 50%min at around USD19.0/lb Oxides FOB Africa and could accept USD18.9/lb Oxides if the clients purchase no less than 20t at the moment, while we offered USD19.1/lb Oxides and could accept USD19.0/lb Oxides for the same quantity early last week", said an African producer, who received no inquiry so far this week, while they received two inquiries in total last week. They last sold about 20t to a regular client at around USD19.0/lb Oxides early last week. Discouraged by inactive inquiries from most downstream consumers, the trader plans to lower their price by around USD0.1/lb Oxides next week and predicts that the mainstream prices would decrease by around USD0.1/lb Oxides in the coming week.
With a regular trading volume of 20t, the trader expects to sell around 20t in April, unchanged from March. They hold around 5t of stocks now, down by 5t from last month. They sold around 30t so far in 2024 and around 300t in 2023.
Another African trader notes that they quote USD19.2/lb Oxides FOB Africa for columbite 50%min and could accept USD19.1/lb Oxides for orders no less than 20t at the moment, while they insisted on USD19.2/lb Oxides for the same quantity early last week. "We last sold about 20t to a regular client at around USD19.2/lb Oxides in late March", said the trader, who received one inquiry so far this week, while they received three inquiries in total last week. As most downstream consumers hold wait-and-see attitudes, the trader has no confidence in the market next week and predicts that the mainstream prices would decrease by about USD0.1/lb Oxides in the following week.
Based on a regular monthly trading volume of 20t, the trader would sell around 20t in April, unchanged MoM. They sold nearly 240t in 2023 and almost 60t so far in 2024. They hold around 10t of stocks now, unchanged from last month.
"We would like to sell columbite 50%min at around USD19.0/lb Oxides FOB Africa and could accept USD18.9/lb Oxides if the clients purchase no less than 20t at the moment, while we offered USD19.1/lb Oxides and could accept USD19.0/lb Oxides for the same quantity early last week", said an African producer, who received no inquiry so far this week, while they received two inquiries in total last week. They last sold about 20t to a regular client at around USD19.0/lb Oxides early last week. Discouraged by inactive inquiries from most downstream consumers, the trader plans to lower their price by around USD0.1/lb Oxides next week and predicts that the mainstream prices would decrease by around USD0.1/lb Oxides in the coming week.
With a regular trading volume of 20t, the trader expects to sell around 20t in April, unchanged from March. They hold around 5t of stocks now, down by 5t from last month. They sold around 30t so far in 2024 and around 300t in 2023.
Another African trader notes that they quote USD19.2/lb Oxides FOB Africa for columbite 50%min and could accept USD19.1/lb Oxides for orders no less than 20t at the moment, while they insisted on USD19.2/lb Oxides for the same quantity early last week. "We last sold about 20t to a regular client at around USD19.2/lb Oxides in late March", said the trader, who received one inquiry so far this week, while they received three inquiries in total last week. As most downstream consumers hold wait-and-see attitudes, the trader has no confidence in the market next week and predicts that the mainstream prices would decrease by about USD0.1/lb Oxides in the following week.
Based on a regular monthly trading volume of 20t, the trader would sell around 20t in April, unchanged MoM. They sold nearly 240t in 2023 and almost 60t so far in 2024. They hold around 10t of stocks now, unchanged from last month.
