Chinese dysprosium oxide market sees bullish attitudes
2024-04-17 08:32:56 [Print]
BEIJING (Asian Metal) 17 Apr 24 - Chinese dysprosium oxide 99
A trader in Guangdong province predicts that the Chinese dysprosium oxide 99.5%min mainstream prices would increase by around RMB30/kg (USD4.1/kg) in the coming week as suppliers play dominate role and keep lifting prices. He quotes around RMB2,050/kg (USD283/kg) EXW D/P for dysprosium oxide 99.5%min and refuses to make concession for orders no more than one ton but considers selling at about RMB2,000/kg (USD280/kg) now, while he had intention to sell at around RMB1,920/kg (USD265/kg) one week ago. "I last sold one ton at around RMB2,050/kg (USD283/kg) the day before yesterday," said the trader.
The trader, with a typical monthly trading volume of around six tons of dysprosium oxide 99.5%min, sold about eight tons so far in 2024, compared with approximately 70t in 2023 . He expects a sales volume of around eight tons this month, without much change MoM . He holds an inventory of about five tons now, in line with one week ago.
A consumer in South China foresees further increasing prices in the Chinese dysprosium oxide 99.5%min market in the coming week as suppliers keep lifting prices . His regular dysprosium oxide 99.5%min suppliers increase quotation to about RMB2,040/kg (USD282/kg) EXW D/P for him now. According to his experience, he could buy at around RMB2,030/kg (USD280/kg) now. while he could replenish stocks at about RMB1,920/kg (USD265/kg) one week ago. He concluded his latest procurement in late March, when he purchased 12t at around RMB1,825/kg (USD251/kg) late last week . "I plan to hold a wait-and-see attitude towards the dysprosium oxide 99 . 5%min market in the coming week," said the consumer.
With an annual consumption capacity of 144t of dysprosium oxide 99.5%min, the consumer estimates to use around 10t in April, without much change MoM . He consumed about 25t so far this year, compared with approximately 120t this year . He has about 80t of stocks at the moment, up by three tons MoM.
. 5%min suppliers played dominate roles and lifted prices over the past week, so the current Chinese dysprosium oxide 99.5%min mainstream prices increase to RMB2,000-2,030/kg (USD276-280/kg) EXW D/P at present, up by RMB80/kg (USD11.1/kg) from one week ago . Although consumers purchase inactively, suppliers plan to increase prices further and prefers to hold stocks rather than make concession on prices, insiders forecasts that the Chinese dysprosium oxide 99 . 5%min mainstream prices still have room to go up in the coming week.
A trader in Guangdong province predicts that the Chinese dysprosium oxide 99.5%min mainstream prices would increase by around RMB30/kg (USD4.1/kg) in the coming week as suppliers play dominate role and keep lifting prices. He quotes around RMB2,050/kg (USD283/kg) EXW D/P for dysprosium oxide 99.5%min and refuses to make concession for orders no more than one ton but considers selling at about RMB2,000/kg (USD280/kg) now, while he had intention to sell at around RMB1,920/kg (USD265/kg) one week ago. "I last sold one ton at around RMB2,050/kg (USD283/kg) the day before yesterday," said the trader.
The trader, with a typical monthly trading volume of around six tons of dysprosium oxide 99.5%min, sold about eight tons so far in 2024, compared with approximately 70t in 2023 . He expects a sales volume of around eight tons this month, without much change MoM . He holds an inventory of about five tons now, in line with one week ago.
A consumer in South China foresees further increasing prices in the Chinese dysprosium oxide 99.5%min market in the coming week as suppliers keep lifting prices . His regular dysprosium oxide 99.5%min suppliers increase quotation to about RMB2,040/kg (USD282/kg) EXW D/P for him now. According to his experience, he could buy at around RMB2,030/kg (USD280/kg) now. while he could replenish stocks at about RMB1,920/kg (USD265/kg) one week ago. He concluded his latest procurement in late March, when he purchased 12t at around RMB1,825/kg (USD251/kg) late last week . "I plan to hold a wait-and-see attitude towards the dysprosium oxide 99 . 5%min market in the coming week," said the consumer.
With an annual consumption capacity of 144t of dysprosium oxide 99.5%min, the consumer estimates to use around 10t in April, without much change MoM . He consumed about 25t so far this year, compared with approximately 120t this year . He has about 80t of stocks at the moment, up by three tons MoM.