Chinese niobium oxide market prices stable
2024-04-09 08:21:59 [Print]
BEIJING (Asian Metal) 9 Apr 24 - As most suppliers face firm columbite prices, Chinese niobium oxide market prices remain stable in the past week. The mainstream prices of Chinese niobium oxide 99.5%min hover at RMB385-390/kg (USD53.2-53.9/kg) EXW D/P at present, unchanged from early last week. As most suppliers stay in no hurry to sell at low prices, insiders predict that the Chinese niobium oxide prices would remain firm in the coming week.
"We quote RMB395/kg (USD54.6/kg) EXW D/P for niobium oxide 99.5%min and would accept RMB390/kg (USD53.9/kg) if downstream consumers purchase no less than 2t at present, unchanged from early last week", said a producer in Jiangxi, who last sold about 2t at around RMB390/kg (USD53.9/kg) to a regular client early last week. They received one inquiry so far this week, while they received three inquiries in total last week. As current columbite price they required hovers at USD19.0/lb Oxides CIF China, the producer stays in no hurry to sell at low prices next week and predicts that the mainstream prices would keep unchanged in the coming week.
With an annual production capacity of 800t, the producer would produce about 50t in April, up by 10t from March. They produced around 290t in 2023 and almost 60t so far in 2024. They hold about 10t of stocks now, unchanged from last month.
Another producer in Jiangxi notes that they quote RMB390/kg (USD53.9/kg) EXW D/P for niobium oxide 99.5%min and could accept no counteroffers at present, unchanged from early last week. "We last sold about 5t at around RMB390/kg (USD53.9/kg) to a regular client early last week", said the producer, who received two inquiries so far this week, while they received five inquiries in total last week. As they bought 20t of columbite 50%min at around USD19.0/lb Oxides CIF China in late March, the producer plans to hold their price stable next week and predicts that the mainstream prices would remain firm in the following week.
With an annual production capacity of 360t, the producer would produce around 40t in April, unchanged from March. They produced nearly 290t in 2023 and around 120t so far in 2024. They hold around 10t of stocks now, down by 5t from last month.
"We quote RMB395/kg (USD54.6/kg) EXW D/P for niobium oxide 99.5%min and would accept RMB390/kg (USD53.9/kg) if downstream consumers purchase no less than 2t at present, unchanged from early last week", said a producer in Jiangxi, who last sold about 2t at around RMB390/kg (USD53.9/kg) to a regular client early last week. They received one inquiry so far this week, while they received three inquiries in total last week. As current columbite price they required hovers at USD19.0/lb Oxides CIF China, the producer stays in no hurry to sell at low prices next week and predicts that the mainstream prices would keep unchanged in the coming week.
With an annual production capacity of 800t, the producer would produce about 50t in April, up by 10t from March. They produced around 290t in 2023 and almost 60t so far in 2024. They hold about 10t of stocks now, unchanged from last month.
Another producer in Jiangxi notes that they quote RMB390/kg (USD53.9/kg) EXW D/P for niobium oxide 99.5%min and could accept no counteroffers at present, unchanged from early last week. "We last sold about 5t at around RMB390/kg (USD53.9/kg) to a regular client early last week", said the producer, who received two inquiries so far this week, while they received five inquiries in total last week. As they bought 20t of columbite 50%min at around USD19.0/lb Oxides CIF China in late March, the producer plans to hold their price stable next week and predicts that the mainstream prices would remain firm in the following week.
With an annual production capacity of 360t, the producer would produce around 40t in April, unchanged from March. They produced nearly 290t in 2023 and around 120t so far in 2024. They hold around 10t of stocks now, down by 5t from last month.
