Chinese samarium metal suppliers hold prices steady
2024-04-11 08:00:54 [Print]
BEIJING (Asian Metal) 11 Apr 24 - Supported by firm samarium oxide 99.9%min prices, Chinese samarium metal 99.5%min suppliers held prices stable in spite of soft demand from consumers. Therefore, the current Chinese samarium metal 99.5%min mainstream prices hover at RMB80-82/kg (USD11.1-11.3/kg) EXW T/T 30 days, without much change from one week ago. Given that suppliers still refuse to make down prices, insiders forecasted that the Chinese samarium metal 99.5%min market would witness further stable prices in the coming week.
A producer in Jiangxi province reveals that he holds samarium metal 99.5%min quotation firm at about RMB82/kg (USD11.3/kg) EXW T/T 30 days and considers selling at around RMB81/kg (USD11.2/kg) now, the same as one week ago. "I last sold three tons at around RMB81/kg (USD11.2/kg) early this week," said the producer. He failed to receive any inquiries so far this week and communicated with five of his regular clients and these clients reported reducing demand of samarium metal 99.5%min. He couldn't purchase samarium oxide 99.9%min at prices below RMB13,000/t (USD1,797/t) EXW D/P now, unchanged from one week ago. Although the demand softened, he refuses to make concession on prices due to steady samarium oxide 99.9%min prices and foresees further stable prices in the Chinese samarium metal 99.5%min market in the coming week.
With an annual production capacity of 360t of samarium metal 99.5%min, the producer's outputs in 2023 and so far in 2024 recorded approximately 280t and 75t respectively. He expects an output of around 15t this month, down by five tons MoM. He doesn't have stock now, unchanged MoM.
A consumer in Zhejiang province claims that their regular samarium metal 99.5%min suppliers quote about RMB82/kg (USD11.3/kg) EXW T/T 30 days for them at present. Based on their experience, they could buy at around RMB80/kg (USD11.1/kg) now, without much change from one week ago. They concluded their latest procurement in late March, when they bought 20t at around RMB80/kg (USD11.1/kg). "We plan to consume stocks due to our sufficient stocks and flat prices," said the consumer, who couldn't bargain for cheaper prices from their suppliers and predicts that the Chinese samarium metal 99.5%min mainstream prices would keep hovering at current levels in the coming week.
The consumer, on basis of an annual consumption capacity of 72t of samarium metal 99.5%min, expects to use around two tons this month, without much change MoM. They consumed about five tons so far this year, compared with approximately 37t last year. They hold an inventory of about three tons at present, in line with one month ago.
A producer in Jiangxi province reveals that he holds samarium metal 99.5%min quotation firm at about RMB82/kg (USD11.3/kg) EXW T/T 30 days and considers selling at around RMB81/kg (USD11.2/kg) now, the same as one week ago. "I last sold three tons at around RMB81/kg (USD11.2/kg) early this week," said the producer. He failed to receive any inquiries so far this week and communicated with five of his regular clients and these clients reported reducing demand of samarium metal 99.5%min. He couldn't purchase samarium oxide 99.9%min at prices below RMB13,000/t (USD1,797/t) EXW D/P now, unchanged from one week ago. Although the demand softened, he refuses to make concession on prices due to steady samarium oxide 99.9%min prices and foresees further stable prices in the Chinese samarium metal 99.5%min market in the coming week.
With an annual production capacity of 360t of samarium metal 99.5%min, the producer's outputs in 2023 and so far in 2024 recorded approximately 280t and 75t respectively. He expects an output of around 15t this month, down by five tons MoM. He doesn't have stock now, unchanged MoM.
A consumer in Zhejiang province claims that their regular samarium metal 99.5%min suppliers quote about RMB82/kg (USD11.3/kg) EXW T/T 30 days for them at present. Based on their experience, they could buy at around RMB80/kg (USD11.1/kg) now, without much change from one week ago. They concluded their latest procurement in late March, when they bought 20t at around RMB80/kg (USD11.1/kg). "We plan to consume stocks due to our sufficient stocks and flat prices," said the consumer, who couldn't bargain for cheaper prices from their suppliers and predicts that the Chinese samarium metal 99.5%min mainstream prices would keep hovering at current levels in the coming week.
The consumer, on basis of an annual consumption capacity of 72t of samarium metal 99.5%min, expects to use around two tons this month, without much change MoM. They consumed about five tons so far this year, compared with approximately 37t last year. They hold an inventory of about three tons at present, in line with one month ago.
