Chinese yttrium oxide market sees weak demand
2024-04-18 08:20:47 [Print]
BEIJING (Asian Metal) 18 Apr 24 - Dragged by soft demand from consumers, the Chinese yttrium oxide 99.999%min market witnessed slow buying activities over the past two weeks. However, suppliers preferred to hold stocks rather than mark down prices, so the current Chinese terbium oxide 99.99%min mainstream prices hover at RMB41,800-42,800/kg (USD5,775-5,913/kg) EXW D/P, in line with half a month ago. Given that suppliers still have no intention to make concession on prices, insiders forecast that the Chinese yttrium oxide 99.999%min mainstream prices would keep hovering at current levels in the coming week.
A producer in Jiangxi province reveals that his regular clients purchased inactively over the past two weeks and he predicts that his sales volume in April would drop by five tons MoM to about 15t. "I only got around three inquiries over the past two weeks, while I got about three inquiries every week in March," said the trader, who still quotes around RMB42,000/t (USD5,802/t) EXW D/P for yttrium oxide 99.999%min and considers selling at about RMB41,800/t (USD/t) now, without much change from half a month ago. He last sold two tons at around RMB41,800/t (USD5,775/t) the day before yesterday. He complains about thin margins and refuses to mark down prices in spite of weak demand from consumers.
The trader, with a typical monthly trading volume of around 20t of yttrium oxide 99.999%min, the trader sold about 60t so far in 2024, compared with approximately 200t in 2023. He expects a sales volume of around 15t in April, compared with about 20t in March. He holds an inventory of around 10t now, in line with mid-March.
Another trader in Jiangxi province predicts that his yttrium oxide 99.999%min sales volume in April would move down by about 20t MoM as a result of poor demand from his clients. He holds yttrium oxide 99.999%min quotation steady at about RMB43,500/t (USD6,009/t) EXW D/P and considers selling at around RMB42,800/t (USD5,913/t) now, in line with half a month ago. "I last sold 20t at around RMB42,800/t (USD5,913/t) early this week," said the trader, who still has no intention to lower prices as he already faces difficulties in gaining profits at current price levels. Given that suppliers refuse to lower prices, he foresees further stable prices in the Chinese yttrium oxide 99.999%min market in the coming week.
With a regular monthly trading volume of around 50t of yttrium oxide 99.999%min, the trader's sales volumes in 2023 and so far in 2024 recorded approximately 600t and 170t respectively. He estimates to sell around 40t this month, compared with about 60t last month. He doesn't have stock now, unchanged MoM.
A producer in Jiangxi province reveals that his regular clients purchased inactively over the past two weeks and he predicts that his sales volume in April would drop by five tons MoM to about 15t. "I only got around three inquiries over the past two weeks, while I got about three inquiries every week in March," said the trader, who still quotes around RMB42,000/t (USD5,802/t) EXW D/P for yttrium oxide 99.999%min and considers selling at about RMB41,800/t (USD/t) now, without much change from half a month ago. He last sold two tons at around RMB41,800/t (USD5,775/t) the day before yesterday. He complains about thin margins and refuses to mark down prices in spite of weak demand from consumers.
The trader, with a typical monthly trading volume of around 20t of yttrium oxide 99.999%min, the trader sold about 60t so far in 2024, compared with approximately 200t in 2023. He expects a sales volume of around 15t in April, compared with about 20t in March. He holds an inventory of around 10t now, in line with mid-March.
Another trader in Jiangxi province predicts that his yttrium oxide 99.999%min sales volume in April would move down by about 20t MoM as a result of poor demand from his clients. He holds yttrium oxide 99.999%min quotation steady at about RMB43,500/t (USD6,009/t) EXW D/P and considers selling at around RMB42,800/t (USD5,913/t) now, in line with half a month ago. "I last sold 20t at around RMB42,800/t (USD5,913/t) early this week," said the trader, who still has no intention to lower prices as he already faces difficulties in gaining profits at current price levels. Given that suppliers refuse to lower prices, he foresees further stable prices in the Chinese yttrium oxide 99.999%min market in the coming week.
With a regular monthly trading volume of around 50t of yttrium oxide 99.999%min, the trader's sales volumes in 2023 and so far in 2024 recorded approximately 600t and 170t respectively. He estimates to sell around 40t this month, compared with about 60t last month. He doesn't have stock now, unchanged MoM.
