Chinese dysprosium oxide traders refuse to lower prices
2024-04-24 08:30:11 [Print]
BEIJING (Asian Metal) 24 Apr 24 - Although buyers purchased inactively, Chinese dysprosium oxide 99.5%min traders held prices steady over the past week due to firm prices from producers. Therefore, the current Chinese erbium oxide 99.5%min mainstream prices stay at RMB1,980-2,000/kg (USD273-276/kg) EXW D/P, without much change from one week ago. Given that suppliers still refuse to mark down prices, insiders forecast that the Chinese dysprosium oxide 99.5%min market would witness further stable prices in the coming week.
A trader in Jiangxi province reveals that he holds dysprosium oxide 99.5%min quotation firm at around RMB2,010/kg (USD277/kg) EXW D/P and considers selling at about RMB2,000/kg (USD276/kg) now, the same as one week ago. "I last sold one ton at around RMB1,990/kg (USD275/kg) late last week. I failed to receive any inquiries after my last deal but refuses to mark down prices due to steady prices from producers," said the trader, who predicts that the Chinese dysprosium oxide 99.5%min mainstream prices would keep hovering at current levels in the coming week as suppliers refuse to lower prices.
The trader, on basis of a regular monthly trading volume of one and a half tons of erbium oxide 99.5%min, sold around five tons so far this year, compared with approximately 15t last year. He expects a sales volume of around two tons this month, without much change MoM. He has around one ton of stock at the moment, down by one ton MoM.
Another trader in Jiangxi province claims that he still quotes around RMB2,000/kg (USD276/kg) EXW D/P for dysprosium oxide 99.5%min and refuses to sell at prices lower than RMB1,980/kg (USD273/kg) at present, in line with one week ago. He concluded his latest sale early this month, when he sold two tons at around RMB1,830/kg (USD253/kg). "I couldn't negotiate cheaper prices from producers and prefer to hold stocks rather than mark down prices even though some of my clients delay purchasing," said the trader, who foresees further stable prices in the Chinese dysprosium oxide 99.5%min market in the forthcoming week.
With a typical monthly trading volume of around four tons of dysprosium oxide 99.5%min, the trader estimates to sell around three tons in April, without much change MoM. His sales volumes in 2023 and so far in 2024 recorded approximately 50t and 12t respectively. He holds an inventory of around two tons now, a decrease of two tons MoM.
A trader in Jiangxi province reveals that he holds dysprosium oxide 99.5%min quotation firm at around RMB2,010/kg (USD277/kg) EXW D/P and considers selling at about RMB2,000/kg (USD276/kg) now, the same as one week ago. "I last sold one ton at around RMB1,990/kg (USD275/kg) late last week. I failed to receive any inquiries after my last deal but refuses to mark down prices due to steady prices from producers," said the trader, who predicts that the Chinese dysprosium oxide 99.5%min mainstream prices would keep hovering at current levels in the coming week as suppliers refuse to lower prices.
The trader, on basis of a regular monthly trading volume of one and a half tons of erbium oxide 99.5%min, sold around five tons so far this year, compared with approximately 15t last year. He expects a sales volume of around two tons this month, without much change MoM. He has around one ton of stock at the moment, down by one ton MoM.
Another trader in Jiangxi province claims that he still quotes around RMB2,000/kg (USD276/kg) EXW D/P for dysprosium oxide 99.5%min and refuses to sell at prices lower than RMB1,980/kg (USD273/kg) at present, in line with one week ago. He concluded his latest sale early this month, when he sold two tons at around RMB1,830/kg (USD253/kg). "I couldn't negotiate cheaper prices from producers and prefer to hold stocks rather than mark down prices even though some of my clients delay purchasing," said the trader, who foresees further stable prices in the Chinese dysprosium oxide 99.5%min market in the forthcoming week.
With a typical monthly trading volume of around four tons of dysprosium oxide 99.5%min, the trader estimates to sell around three tons in April, without much change MoM. His sales volumes in 2023 and so far in 2024 recorded approximately 50t and 12t respectively. He holds an inventory of around two tons now, a decrease of two tons MoM.
