Chinese niobium oxide market prices decrease
2024-04-17 08:32:43 [Print]
BEIJING (Asian Metal) 17 Apr 24 - As columbite prices show downtrend, Chinese niobium oxide market prices decrease slightly in the past week. The mainstream prices of Chinese niobium oxide 99.5%min decrease to RMB384-389/kg (USD53.0-53.7/kg) EXW D/P at present, down by RMB1/kg (USD0.1/kg) from early last week. As most consumers hold wait-and-see attitudes, insiders predict that the Chinese niobium oxide prices would show downtrend in the coming week.
A producer in Jiangxi claims that discouraged by lower columbite prices, they quote RMB390/kg (USD53.9/kg) EXW D/P for niobium oxide 99.5%min and could accept RMB387/kg (USD53.5/kg) for orders no less than 2t at present, while they offered RMB390/kg (USD53.9/kg) and considered RMB388/kg (USD53.6/kg) for the same quantity early last week. "We last sold about 2t at around RMB390/kg (USD53.9/kg) to a regular client in early April", said the producer, who received no inquiry since then. As most consumers watch the market, the producer remains pessimistic about the market next week and predicts that the mainstream prices would decrease by around RMB1/kg (USD0.1/kg) in the coming week.
The producer, based on an annual production capacity of 360t, expects to produce 0t in April, down by 20t from March as they started an overhaul early this month. They produced nearly 250t in 2023 and almost 45t so far in 2024. They hold around 2t of stocks now, down by 3t MoM.
" As current columbite price shows downtrend, we would like to sell RMB385/kg (USD53.2/kg) EXW D/P for niobium oxide 99.5%min and would accept RMB384/kg (USD53.1/kg) if downstream consumers would purchase no less than 2t at present, while we offered RMB387/kg (USD53.5/kg) and could consider RMB385/kg (USD53.2/kg) for the same quantity early last week", said another producer in Jiangxi, who received one inquiry so far this week, while they received three inquiries in total last week. They last sold about 2t at around RMB385/kg (USD53.2/kg) to a regular client early last week. Discouraged by inactive inquiries from downstream consumers, the producer plans to lower their price by around RMB1/kg (USD0.1/kg) next week and predicts that the mainstream prices would decrease by around RMB1/kg (USD0.1/kg) in the following week.
With an annual production capacity of 400t, the producer produced nearly 100t in 2023 and almost 30t so far in 2024. They would produce around 20t in April, up by 10t from last month. They hold around 5t of stocks now, up by 3t MoM.
A producer in Jiangxi claims that discouraged by lower columbite prices, they quote RMB390/kg (USD53.9/kg) EXW D/P for niobium oxide 99.5%min and could accept RMB387/kg (USD53.5/kg) for orders no less than 2t at present, while they offered RMB390/kg (USD53.9/kg) and considered RMB388/kg (USD53.6/kg) for the same quantity early last week. "We last sold about 2t at around RMB390/kg (USD53.9/kg) to a regular client in early April", said the producer, who received no inquiry since then. As most consumers watch the market, the producer remains pessimistic about the market next week and predicts that the mainstream prices would decrease by around RMB1/kg (USD0.1/kg) in the coming week.
The producer, based on an annual production capacity of 360t, expects to produce 0t in April, down by 20t from March as they started an overhaul early this month. They produced nearly 250t in 2023 and almost 45t so far in 2024. They hold around 2t of stocks now, down by 3t MoM.
" As current columbite price shows downtrend, we would like to sell RMB385/kg (USD53.2/kg) EXW D/P for niobium oxide 99.5%min and would accept RMB384/kg (USD53.1/kg) if downstream consumers would purchase no less than 2t at present, while we offered RMB387/kg (USD53.5/kg) and could consider RMB385/kg (USD53.2/kg) for the same quantity early last week", said another producer in Jiangxi, who received one inquiry so far this week, while they received three inquiries in total last week. They last sold about 2t at around RMB385/kg (USD53.2/kg) to a regular client early last week. Discouraged by inactive inquiries from downstream consumers, the producer plans to lower their price by around RMB1/kg (USD0.1/kg) next week and predicts that the mainstream prices would decrease by around RMB1/kg (USD0.1/kg) in the following week.
With an annual production capacity of 400t, the producer produced nearly 100t in 2023 and almost 30t so far in 2024. They would produce around 20t in April, up by 10t from last month. They hold around 5t of stocks now, up by 3t MoM.
