Chinese metallurgical grade niobium oxide price increases
2017-05-10 08:32:14 [Print]
BEIJING (Asian Metal) 10 May 17 - Chinese metallurgical grade niobium oxide prices increased further to RMB205-210/kg (USD29.7-30.4/kg) EXW D/P this week, up by RMB3/kg (USD0.4/kg) from those of late last week. Most smelters prefer to raise their offers due to increasing niobium concentrate prices and higher production cost.
A niobium smelter in South China shared with Asian Metal that the demand for metallurgical grade niobium oxide keeps steady in Chinese market this week. “We quote RMB210/kg (USD30.4/kg) EXW D/P for metallurgical grade niobium oxide this week, up by RMB5/kg (USD0.7/kg) from that of last week. It is hard to purchase cheaper niobium concentrate, and the auxiliary material prices like hydrofluoric acid also increase, so metallurgical niobium oxide suppliers raise their offers this week to test the market,” said the source, whose last sale of 5t was concluded at RMB203/kg (USD29.4/kg) EXW D/P early last week.
With an annual production capacity of 200t, the plant will produce 10 tons of metallurgical grade niobium oxide in May, unchanged from that of last month. According to the source, the metallurgical grade niobium oxide prices show uptrend supported by increasing niobium concentrate prices and strong demand from downstream industry.
Another niobium oxide producer in South China noted that Chinese metallurgical grade niobium oxide market sees stronger demand with prices increasing further to RMB205-210/kg (USD29.7-30.4/kg) EXW D/P early this week, up by RMB3/kg (USD0.4/kg) from those of late last week. “Taking into higher raw materials prices and increasing environmental cost for niobium oxide, we refused to sell our stocks at lower prices, “said the source, expecting that the prices of niobium oxide continue to increase in the short period.
The plant has an annual production capacity of 300t and has been out of production recently. They hold little stocks in hand.
A niobium smelter in South China shared with Asian Metal that the demand for metallurgical grade niobium oxide keeps steady in Chinese market this week. “We quote RMB210/kg (USD30.4/kg) EXW D/P for metallurgical grade niobium oxide this week, up by RMB5/kg (USD0.7/kg) from that of last week. It is hard to purchase cheaper niobium concentrate, and the auxiliary material prices like hydrofluoric acid also increase, so metallurgical niobium oxide suppliers raise their offers this week to test the market,” said the source, whose last sale of 5t was concluded at RMB203/kg (USD29.4/kg) EXW D/P early last week.
With an annual production capacity of 200t, the plant will produce 10 tons of metallurgical grade niobium oxide in May, unchanged from that of last month. According to the source, the metallurgical grade niobium oxide prices show uptrend supported by increasing niobium concentrate prices and strong demand from downstream industry.
Another niobium oxide producer in South China noted that Chinese metallurgical grade niobium oxide market sees stronger demand with prices increasing further to RMB205-210/kg (USD29.7-30.4/kg) EXW D/P early this week, up by RMB3/kg (USD0.4/kg) from those of late last week. “Taking into higher raw materials prices and increasing environmental cost for niobium oxide, we refused to sell our stocks at lower prices, “said the source, expecting that the prices of niobium oxide continue to increase in the short period.
The plant has an annual production capacity of 300t and has been out of production recently. They hold little stocks in hand.
Niobium Pentoxide 99.99%min EXW China
Unit:RMB/kg
China niobium oxide producers' inventory to production ratio statistics by province by month
Unit: %
