Chinese tantalum oxide market quiet
2023-04-18 08:33:25 [Print]
BEIJING (Asian Metal) 18 Apr 23 - As most consumers remained inactive in placing orders, Chinese tantalum oxide market remained quiet in the past week. The current mainstream prices of Chinese tantalum oxide 99.5%min decreased to RMB1,880-1,930/kg (USD274-281/kg) EXW D/P, down by RMB10/kg (USD1.5/kg) from early last week. Discouraged by lower tantalite prices, insiders predict that the mainstream prices would decrease further in the coming week.
A consumer in North China claimed that discouraged by wait-and-see attitudes from consumers, the market remained quiet in the past few days. Most of their regular suppliers quote RMB1,950/kg (USD284/kg) EXW D/P for tantalum oxide 99.5%min and could accept RMB1,890/kg (USD275/kg) for orders no less than 1t at the moment, while the most competitive price remained at around RMB1,900/kg (USD277/kg) for the same quantity early last week. "We called no suppliers so far this week, while we called two suppliers for the market last week," said the consumer, who last bought around 1t at about RMB1,900/kg (USD277/kg) early last week. As tantalite prices show downtrend, most suppliers plan to lower prices further to promote sales next week and the consumer predicts that the mainstream prices would decrease by around RMB20/kg (USD3/kg) in the coming week.
The consumer, based on an annual consumption capacity of 24t, expects to consume around 1t in April, the same as last month. They consumed around 12t in 2022 and 4t so far in 2023. They hold around 1t of stock now, the same as last month.
"We received no inquiry so far this week, while we received two inquiries last week," said a trader in South China, who describes the market as quiet this week. Discouraged by lower tantalite prices, they offer RMB1,920/kg (USD279/kg) EXW D/P for tantalum oxide 99.5%min and could accept RMB1,880/kg (USD274/kg) for orders no less than 1t at present, while they could accept RMB1,890/kg (USD275/kg) for the same quantity when they offered RMB1,930/kg (USD281/kg) early last week. They failed to conclude any deals after they last sold about 1t at around RMB1,890/kg (USD275/kg) to a regular client early last week. As most downstream consumers remain inactive in placing orders, the trader plans to lower their price by around RMB20/kg (USD3/kg) next week and predicts that the mainstream prices would decrease by around RMB20/kg (USD3/kg) in the following week.
With a regular monthly trading volume of 2t, the trader sold nearly 26t in 2022 and around 6t so far in 2023. They would sell around 2t in April, the same as last month. They hold around 1t of stock now, unchanged from last month.
A consumer in North China claimed that discouraged by wait-and-see attitudes from consumers, the market remained quiet in the past few days. Most of their regular suppliers quote RMB1,950/kg (USD284/kg) EXW D/P for tantalum oxide 99.5%min and could accept RMB1,890/kg (USD275/kg) for orders no less than 1t at the moment, while the most competitive price remained at around RMB1,900/kg (USD277/kg) for the same quantity early last week. "We called no suppliers so far this week, while we called two suppliers for the market last week," said the consumer, who last bought around 1t at about RMB1,900/kg (USD277/kg) early last week. As tantalite prices show downtrend, most suppliers plan to lower prices further to promote sales next week and the consumer predicts that the mainstream prices would decrease by around RMB20/kg (USD3/kg) in the coming week.
The consumer, based on an annual consumption capacity of 24t, expects to consume around 1t in April, the same as last month. They consumed around 12t in 2022 and 4t so far in 2023. They hold around 1t of stock now, the same as last month.
"We received no inquiry so far this week, while we received two inquiries last week," said a trader in South China, who describes the market as quiet this week. Discouraged by lower tantalite prices, they offer RMB1,920/kg (USD279/kg) EXW D/P for tantalum oxide 99.5%min and could accept RMB1,880/kg (USD274/kg) for orders no less than 1t at present, while they could accept RMB1,890/kg (USD275/kg) for the same quantity when they offered RMB1,930/kg (USD281/kg) early last week. They failed to conclude any deals after they last sold about 1t at around RMB1,890/kg (USD275/kg) to a regular client early last week. As most downstream consumers remain inactive in placing orders, the trader plans to lower their price by around RMB20/kg (USD3/kg) next week and predicts that the mainstream prices would decrease by around RMB20/kg (USD3/kg) in the following week.
With a regular monthly trading volume of 2t, the trader sold nearly 26t in 2022 and around 6t so far in 2023. They would sell around 2t in April, the same as last month. They hold around 1t of stock now, unchanged from last month.
