Chinese dysprosium oxide market sees bullish attitudes
2024-04-17 08:32:56 [Print]
BEIJING (Asian Metal) 17 Apr 24 - Chinese dysprosium oxide 99.5%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.
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.
