African tantalite export market prices increase
2024-03-14 08:26:01 [Print]
BEIJING (Asian Metal) 14 Mar 24 - As most consumers remained active in sending inquiries, African tantalite suppliers raised their export prices in the past week. The current mainstream export prices of African tantalite 30%min rose to USD82-84/lb Ta2O5 FOB Africa, up by USD1/lb Ta2O5 from early last week. As most suppliers stay in no hurry to sell at low prices, insiders predict that the African tantalite export market prices would increase further in the coming week.
"We quote USD85/lb Ta2O5 FOB Africa for tantalite 30%min and could accept USD84/lb Ta2O5 if clients could purchase no less than 5t at present, while we would like to sell at USD84/lb Ta2O5 and refused to accept any prices lower than USD83/lb Ta2O5 for the same quantity early last week", said an African producer, who last sold around 5t at around USD83/lb Ta2O5 to a regular client in early March. They received four inquiries so far this week, while they received two inquiries in total last week. As most downstream consumers come back to the market and send more inquiries, the producer plans to raise their price by around USD1/lb Ta2O5 next week and predicts that the mainstream prices would increase by around USD1/lb Ta2O5 in the coming week.
Based on an annual production capacity of 240t, the producer would produce around 15t in March, up by 10t from February. They produced nearly 70t in 2023 and almost 25t so far in 2024. They hold around 5t of stocks now, down by 5t from last month.
An African trader noted that they insisted on USD84/lb Ta2O5 FOB Africa for tantalite 30%min today, while they would like to sell at USD84/lb Ta2O5 and could consider USD83/lb Ta2O5 for orders no less than 10t early last week. "We received three inquiries so far this week, while we received no inquiry last week", said the trader, who just sold around 10t to a regular client at around USD84/lb Ta2O5 early this week. Encouraged by active inquiries from downstream consumers, the trader remains optimistic about the market next week and predicts that the mainstream prices would increase by around USD1/lb Ta2O5 in the following week.
The trader, with a regular monthly trading volume of 20t, expects to sell around 20t in March, up by 10t from last month. They sold nearly 190t in 2023 and around 20t so far in 2024. They hold around 5t of stocks now, down by 5t from last month.
"We quote USD85/lb Ta2O5 FOB Africa for tantalite 30%min and could accept USD84/lb Ta2O5 if clients could purchase no less than 5t at present, while we would like to sell at USD84/lb Ta2O5 and refused to accept any prices lower than USD83/lb Ta2O5 for the same quantity early last week", said an African producer, who last sold around 5t at around USD83/lb Ta2O5 to a regular client in early March. They received four inquiries so far this week, while they received two inquiries in total last week. As most downstream consumers come back to the market and send more inquiries, the producer plans to raise their price by around USD1/lb Ta2O5 next week and predicts that the mainstream prices would increase by around USD1/lb Ta2O5 in the coming week.
Based on an annual production capacity of 240t, the producer would produce around 15t in March, up by 10t from February. They produced nearly 70t in 2023 and almost 25t so far in 2024. They hold around 5t of stocks now, down by 5t from last month.
An African trader noted that they insisted on USD84/lb Ta2O5 FOB Africa for tantalite 30%min today, while they would like to sell at USD84/lb Ta2O5 and could consider USD83/lb Ta2O5 for orders no less than 10t early last week. "We received three inquiries so far this week, while we received no inquiry last week", said the trader, who just sold around 10t to a regular client at around USD84/lb Ta2O5 early this week. Encouraged by active inquiries from downstream consumers, the trader remains optimistic about the market next week and predicts that the mainstream prices would increase by around USD1/lb Ta2O5 in the following week.
The trader, with a regular monthly trading volume of 20t, expects to sell around 20t in March, up by 10t from last month. They sold nearly 190t in 2023 and around 20t so far in 2024. They hold around 5t of stocks now, down by 5t from last month.
