Brazilian columbite export market prices decrease
2024-04-26 10:06:03 [Print]
BEIJING (Asian Metal) 26 Apr 24 - As most downstream consumers remain inactive in sending inquiries, Brazilian columbite export market prices show downtrend in the past week. The current mainstream export prices for Brazilian columbite 50%min decrease to USD18.0-18.3/lb Oxides FOB Brazil, down by USD0.3/lb Oxides from early last week. As most suppliers plan to lower their prices to promote sales, insiders predict that the Brazilian columbite export prices would decrease further in the coming week.
"We would like to sell columbite 50%min at around USD18.0/lb Oxides FOB Brazil and could accept no counteroffers at present, while we insisted on USD18.3/lb Oxides early last week", said a trader in Brazil. They received one inquiry of 20t at around USD18.0/lb Oxides from a regular client early last week, while they refused it. They called the client again and finally sold around 20t to the client at about USD18.0/lb Oxides yesterday as they only received this one inquiry since early week. Discouraged by inactive inquiries from downstream consumers, the trader plans to lower their price by around USD0.1/lb Oxides next week and predicts that the mainstream prices would decrease by around USD0.1/lb Oxides in the coming week.
Based on a regular monthly trading volume of 20t, the trader would sell around 20t in April, unchanged from last month. They sold around 180t in 2023 and 80t so far in 2024. They hold around 10t of stocks now, the same as last month.
Another trader in Brazil notes that they quote USD18.2/lb Oxides FOB Brazil for columbite 50%min and could accept USD18.0/lb Oxides for orders no less than 10t at present, while they considered USD18.3/lb Oxides for the same quantity when they offered USD18.5/lb Oxides early last week. "We received no inquiry so far this week, while we received two inquiries in total last week", said the trader, who failed to conclude any deals after they last sold around 10t to a regular client at about USD18.3/lb Oxides in mid-April. As most consumers remain inactive in sending inquiries, the trader remains pessimistic about the market next week and predicts that the mainstream prices would decrease by around USD0.1/lb Oxides in the following week.
The trader, with a regular monthly trading volume of 10t, expects to sell around 10t in April, unchanged from last month. They sold nearly 100t in 2023 and around 40t so far in 2024. They hold around 5t of stocks now, up by 5t from last month.
"We would like to sell columbite 50%min at around USD18.0/lb Oxides FOB Brazil and could accept no counteroffers at present, while we insisted on USD18.3/lb Oxides early last week", said a trader in Brazil. They received one inquiry of 20t at around USD18.0/lb Oxides from a regular client early last week, while they refused it. They called the client again and finally sold around 20t to the client at about USD18.0/lb Oxides yesterday as they only received this one inquiry since early week. Discouraged by inactive inquiries from downstream consumers, the trader plans to lower their price by around USD0.1/lb Oxides next week and predicts that the mainstream prices would decrease by around USD0.1/lb Oxides in the coming week.
Based on a regular monthly trading volume of 20t, the trader would sell around 20t in April, unchanged from last month. They sold around 180t in 2023 and 80t so far in 2024. They hold around 10t of stocks now, the same as last month.
Another trader in Brazil notes that they quote USD18.2/lb Oxides FOB Brazil for columbite 50%min and could accept USD18.0/lb Oxides for orders no less than 10t at present, while they considered USD18.3/lb Oxides for the same quantity when they offered USD18.5/lb Oxides early last week. "We received no inquiry so far this week, while we received two inquiries in total last week", said the trader, who failed to conclude any deals after they last sold around 10t to a regular client at about USD18.3/lb Oxides in mid-April. As most consumers remain inactive in sending inquiries, the trader remains pessimistic about the market next week and predicts that the mainstream prices would decrease by around USD0.1/lb Oxides in the following week.
The trader, with a regular monthly trading volume of 10t, expects to sell around 10t in April, unchanged from last month. They sold nearly 100t in 2023 and around 40t so far in 2024. They hold around 5t of stocks now, up by 5t from last month.
