Tantalum concentrate price in China to rise by 10% in March
2015-03-06 09:22:13 【Print】
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At the beginning of 2015, tantalum concentrate market was quiet as participants remain on the sidelines due to the Christmases and Chinese New Year holidays. The current prices hover at USD79-81/lb CIF China and haven’t changed for a while. Before the Chinese New Year holiday, foreign suppliers continue to hold inventories and wait to see how the market develops, while Chinese consumers were reluctant to buy, which resulted in a rather dull spot market. End-users will come back to market as the holiday ends at late February when Central Africa comes into monsoon, which will make the production and transportation even more difficult. Therefore, as the demand improves and supply tightens, price is likely to rise. At the end of Q1 the labeled products are expected to saw 10% increases to USD 90/lb CIF China. As a major consumer and producer of tantalum and niobium, with up to 70-80% consumption, China plays an important role in pushing the price up in the global market. Therefore, as the Chinese tantalum concentrate market experiences price rise, the global market will also improve.
