Chinese terbium oxide prices slide
2024-04-18 08:20:52 [Print]
BEIJING (Asian Metal) 18 Apr 24 - The Chinese terbium oxide 99.99%min market witnessed few deals over the past two days as consumers purchased inactively. The current Chinese terbium oxide 99.99%min mainstream prices slide to RMB6,250-6,450/kg (USD863-891/kg) EXW D/P, a decrease of around RMB50/kg (USD6.9/kg) from early this week. As suppliers refuse to accept further price decrease, insiders forecast that the Chinese terbium oxide 99.99%min mainstream prices would level off in the coming week.
A trader in Jiangxi province claims that his regular terbium oxide 99.99%min suppliers quote around RMB6,400/kg (USD884/kg) EXW D/P for him at present. Based on his experience, he could buy at about RMB6,350/kg (USD877/kg) now, while he refuses to sell at prices lower than RMB6,400/kg (USD884/kg) early this week, when he concluded his latest procurement of 500kg at around RMB6,450/kg (USD891/kg). "I couldn't bargain for cheaper prices from suppliers and foresee stable prices in the Chinese terbium oxide 99.99%min market in the coming week," said the trader.
With a typical monthly trading volume of around 500kg of terbium oxide 99.99%min, the trader expects to purchase around 500kg in April, without much change MoM. His purchase volumes in 2023 and so far in 2024 recorded approximately five tons and one and a half tons respectively. He has around 500kg of stocks now, without much change MoM.
A trader in Guangdong province discloses that his regular terbium oxide 99.99%min producers quote about RMB6,400/kg (USD884/kg) for him at present. According to his experience, he could replenish stocks at around RMB6,300/kg (USD870/kg) now, while he faced difficulty in purchasing at prices lower than RMB6,400/kg (USD884/kg) early this week. "I last bought 300kg at around RMB6,400/kg (USD884/kg) early this week," said the trader, who plans to hold a wait-and-see attitude towards the market in the coming week. He couldn't bargain for cheaper prices from producers and predicts that the Chinese terbium oxide 99.99%min mainstream prices would continue standing at current levels in the coming week.
The trader, with a regular monthly trading volume of one ton of terbium oxide 99.99%min, bought about six tons so far this year, compared with approximately 15t last year. He estimates a purchase volume of around two tons this month, without much change MoM. He holds an inventory of around two tons now, up by one ton MoM.
A trader in Jiangxi province claims that his regular terbium oxide 99.99%min suppliers quote around RMB6,400/kg (USD884/kg) EXW D/P for him at present. Based on his experience, he could buy at about RMB6,350/kg (USD877/kg) now, while he refuses to sell at prices lower than RMB6,400/kg (USD884/kg) early this week, when he concluded his latest procurement of 500kg at around RMB6,450/kg (USD891/kg). "I couldn't bargain for cheaper prices from suppliers and foresee stable prices in the Chinese terbium oxide 99.99%min market in the coming week," said the trader.
With a typical monthly trading volume of around 500kg of terbium oxide 99.99%min, the trader expects to purchase around 500kg in April, without much change MoM. His purchase volumes in 2023 and so far in 2024 recorded approximately five tons and one and a half tons respectively. He has around 500kg of stocks now, without much change MoM.
A trader in Guangdong province discloses that his regular terbium oxide 99.99%min producers quote about RMB6,400/kg (USD884/kg) for him at present. According to his experience, he could replenish stocks at around RMB6,300/kg (USD870/kg) now, while he faced difficulty in purchasing at prices lower than RMB6,400/kg (USD884/kg) early this week. "I last bought 300kg at around RMB6,400/kg (USD884/kg) early this week," said the trader, who plans to hold a wait-and-see attitude towards the market in the coming week. He couldn't bargain for cheaper prices from producers and predicts that the Chinese terbium oxide 99.99%min mainstream prices would continue standing at current levels in the coming week.
The trader, with a regular monthly trading volume of one ton of terbium oxide 99.99%min, bought about six tons so far this year, compared with approximately 15t last year. He estimates a purchase volume of around two tons this month, without much change MoM. He holds an inventory of around two tons now, up by one ton MoM.
