Chinese niobium oxide suppliers optimistic about the market
2024-03-12 08:33:38 [Print]
BEIJING (Asian Metal) 12 Mar 24 - As columbite prices increased, Chinese niobium oxide suppliers remained optimistic about the market in the past week. The current mainstream prices of Chinese niobium oxide 99.5%min rose to RMB375-380/kg (USD52.2-52.9/kg) EXW D/P, up by RMB5/kg (USD0.7/kg) from early last week. As most suppliers face higher production cost, insiders predict that the Chinese niobium oxide prices would increase further in the coming week.
A producer in Jiangxi claimed that they remained optimistic about the market encouraged by increased columbite prices. "We received an offer for columbite 50%min at around USD19.5/lb Oxides CIF China today", said the producer, who quotes RMB385/kg (USD53.6/kg) EXW D/P for niobium oxide 99.5%min and could consider RMB380/kg (USD52.9/kg) for orders no less than 5t, while they quoted RMB380/kg (USD52.9/kg) and could accept RMB375/kg (USD52.2/kg) for the same quantity early last week. They last sold about 5t at around RMB375/kg (USD52.2/kg) to a regular client early last week. Encouraged by higher prices for raw materials, the producer plans to raise their price by around RMB5/kg (USD0.7/kg) next week and predicts that the mainstream prices would increase by around RMB5/kg (USD0.7/kg) in the coming week.
Based on an annual production capacity of 300t, the producer produced nearly 170t in 2022 and almost 190t in 2023. They hold around 5t of stocks now, down by 2t from last month. The producer would produce about 20t in March, up by 4t from February.
"As current columbite prices rose to USD19.0-19.5/lb Oxides CIF China, we have confidence in the niobium oxide market" said another producer in Jiangxi, who quotes RMB390/kg (USD54.3/kg) EXW D/P for niobium oxide 99.5%min and could accept RMB380/kg (USD52.9/kg) if downstream consumers could purchase no less than 2t at present, while they would like to sell at around RMB380/kg (USD52.9/kg) and could accept RMB375/kg (USD52.2/kg) for the same quantity early last week. They just sold about 2t at around RMB380/kg (USD52.9/kg) to a regular client early this week. As current columbite 50%min prices show uptrend with tight supply, the producer remains optimistic about the market and predicts that the mainstream prices would increase by around RMB5/kg (USD0.7/kg) in the following week.
With an annual production capacity of 400t, the producer produced nearly 140t in 2022 and almost 100t in 2023. They would produce around 10t in March, up by 2t from last month. They hold around 2t of stocks now, down by 3t MoM.
A producer in Jiangxi claimed that they remained optimistic about the market encouraged by increased columbite prices. "We received an offer for columbite 50%min at around USD19.5/lb Oxides CIF China today", said the producer, who quotes RMB385/kg (USD53.6/kg) EXW D/P for niobium oxide 99.5%min and could consider RMB380/kg (USD52.9/kg) for orders no less than 5t, while they quoted RMB380/kg (USD52.9/kg) and could accept RMB375/kg (USD52.2/kg) for the same quantity early last week. They last sold about 5t at around RMB375/kg (USD52.2/kg) to a regular client early last week. Encouraged by higher prices for raw materials, the producer plans to raise their price by around RMB5/kg (USD0.7/kg) next week and predicts that the mainstream prices would increase by around RMB5/kg (USD0.7/kg) in the coming week.
Based on an annual production capacity of 300t, the producer produced nearly 170t in 2022 and almost 190t in 2023. They hold around 5t of stocks now, down by 2t from last month. The producer would produce about 20t in March, up by 4t from February.
"As current columbite prices rose to USD19.0-19.5/lb Oxides CIF China, we have confidence in the niobium oxide market" said another producer in Jiangxi, who quotes RMB390/kg (USD54.3/kg) EXW D/P for niobium oxide 99.5%min and could accept RMB380/kg (USD52.9/kg) if downstream consumers could purchase no less than 2t at present, while they would like to sell at around RMB380/kg (USD52.9/kg) and could accept RMB375/kg (USD52.2/kg) for the same quantity early last week. They just sold about 2t at around RMB380/kg (USD52.9/kg) to a regular client early this week. As current columbite 50%min prices show uptrend with tight supply, the producer remains optimistic about the market and predicts that the mainstream prices would increase by around RMB5/kg (USD0.7/kg) in the following week.
With an annual production capacity of 400t, the producer produced nearly 140t in 2022 and almost 100t in 2023. They would produce around 10t in March, up by 2t from last month. They hold around 2t of stocks now, down by 3t MoM.
