Chinese samarium metal prices drop
2024-04-17 08:32:51 [Print]
BEIJING (Asian Metal) 17 Apr 24 - Dragged by weak demand from consumers, Chinese samarium metal 99%min market witnessed slow buying activities over the past week. The current Chinese samarium metal 99%min mainstream prices drop to RMB78-80/kg (USD10.8-11.1/kg) EXW T/T 30 days, a decrease of around RMB2/kg (USD0.3/kg) from one week ago. Given that suppliers prefer to hold stocks rather than mark down prices further, insiders forecast that the Chinese samarium metal 99%min mainstream prices would level off in the coming week.
A producer in North China claims that he lowers samarium metal 99%min quotation to about RMB80/kg (USD11.1/kg) EXW D/P for has intention to sell at around RMB78/kg (USD10.8/kg) now, while he refuses to sell at prices below RMB79/kg (USD10.9/kg) one week ago. "I concluded my latest sale the day before yesterday, when he sold one ton at around RMB78/kg (USD10.8/kg)," said the producer. He couldn't purchase samarium oxide 99.5%min at prices below RMB13,000/t (USD1,96/t) EXW D/P now, without much change from one week ago. He prefers to hold inventory rather than mark down prices as he already couldn't gain margins at current price levels. He forecasts that the Chinese samarium metal 99%min market would witness steady prices in the coming week.
With an annual production capacity of 250t of samarium metal 99.5%min, the producer's outputs in 2023 and so far in 2024 recorded approximately 112t and 22t respectively. He estimates to produce around six tons in April, without much change MoM. He holds an inventory of around 12r now, up by five tons MoM.
A consumer in South China discloses that his regular samarium metal 99% suppliers quote about RMB82/kg (USD11.3/kg) EXW T/T 30 days for him at the moment. Based on his experience, he could purchase at around RMB79/kg (USD10.9/kg) now, while he couldn't replenish stocks at prices lower than RMB80/kg (USD11.1/kg) one week ago, when he concluded his latest procurement of one ton at around RMB80/kg (USD11.1/kg). "I couldn't bargain for further cheaper prices from suppliers and predict that the Chinese samarium metal 99%min mainstream prices would level off in the coming week," said the consumer.
The consumer, with an annual consumption capacity of 84t of samarium metal 99%min, expects to use around three tons this month, a decrease of half a ton MoM. He consumed around 10t so far this year, compared with about 38t last year. He has around one ton of stock now, in line with mid-March.
A producer in North China claims that he lowers samarium metal 99%min quotation to about RMB80/kg (USD11.1/kg) EXW D/P for has intention to sell at around RMB78/kg (USD10.8/kg) now, while he refuses to sell at prices below RMB79/kg (USD10.9/kg) one week ago. "I concluded my latest sale the day before yesterday, when he sold one ton at around RMB78/kg (USD10.8/kg)," said the producer. He couldn't purchase samarium oxide 99.5%min at prices below RMB13,000/t (USD1,96/t) EXW D/P now, without much change from one week ago. He prefers to hold inventory rather than mark down prices as he already couldn't gain margins at current price levels. He forecasts that the Chinese samarium metal 99%min market would witness steady prices in the coming week.
With an annual production capacity of 250t of samarium metal 99.5%min, the producer's outputs in 2023 and so far in 2024 recorded approximately 112t and 22t respectively. He estimates to produce around six tons in April, without much change MoM. He holds an inventory of around 12r now, up by five tons MoM.
A consumer in South China discloses that his regular samarium metal 99% suppliers quote about RMB82/kg (USD11.3/kg) EXW T/T 30 days for him at the moment. Based on his experience, he could purchase at around RMB79/kg (USD10.9/kg) now, while he couldn't replenish stocks at prices lower than RMB80/kg (USD11.1/kg) one week ago, when he concluded his latest procurement of one ton at around RMB80/kg (USD11.1/kg). "I couldn't bargain for further cheaper prices from suppliers and predict that the Chinese samarium metal 99%min mainstream prices would level off in the coming week," said the consumer.
The consumer, with an annual consumption capacity of 84t of samarium metal 99%min, expects to use around three tons this month, a decrease of half a ton MoM. He consumed around 10t so far this year, compared with about 38t last year. He has around one ton of stock now, in line with mid-March.
