Chinese tantalum oxide market sees inactive inquiries
2023-04-26 08:31:23 [Print]
BEIJING (Asian Metal) 26 Apr 23 - As most consumers remained cautious in purchasing, Chinese tantalum oxide market witnessed inactive inquiries in the past week. The current mainstream prices of Chinese tantalum oxide 99.5%min decreased to RMB1,850-1,900/kg (USD269-276/kg) EXW D/P, down by RMB20/kg (USD3/kg) from early last week. As most suppliers plan to lower their prices to promote sales, insiders predict that the mainstream prices would decrease further in the coming week.
"We received no inquiry so far this week, while we received one inquiry last week," said a producer in South China, who offers RMB1,900/kg (USD276/kg) EXW D/P for tantalum oxide 99.5%min and could accept RMB1,850/kg (USD267/kg) for orders no less than 1t at present, while they could accept RMB1,870/kg (USD270/kg) for the same quantity when they offered RMB1,900/kg (USD276/kg) early last week. They last sold about 1t at around RMB1,870/kg (USD270/kg) to a regular client early last week. Discouraged by weak demand from most downstream consumers, 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 coming week.
The producer, based on an annual production capacity of 200t, expects to produce about 4t in April, down by 1t from March. They produced nearly 46t in 2022 and around 16t so far in 2023. They hold around 3t of stocks now, up by 1t from last month.
A consumer in South China noted that they called no suppliers for the market, while they called one supplier last week. Most of their regular suppliers quote RMB1,870/kg (USD270/kg) EXW D/P for tantalum oxide 99.5%min and could accept RMB1,850/kg (USD267/kg) for orders no less than 1t at the moment, while the most competitive price remained at around RMB1,870/kg (USD270/kg) for the same quantity early last week. "We last bought around 1t at about RMB1,870/kg (USD270/kg) in mid-April," said the consumer, who plans to delay purchasing until mid-May. As most suppliers compete for limited orders, the consumer predicts that the mainstream prices would decrease by around RMB20/kg (USD3/kg) in the following week.
With an annual consumption capacity of 24t, the consumer expects to consume 2t in April, unchanged from last month. They consumed around 24t in 2022 and almost 8t so far in 2023. They hold around 2t of stocks, the same as last month.
"We received no inquiry so far this week, while we received one inquiry last week," said a producer in South China, who offers RMB1,900/kg (USD276/kg) EXW D/P for tantalum oxide 99.5%min and could accept RMB1,850/kg (USD267/kg) for orders no less than 1t at present, while they could accept RMB1,870/kg (USD270/kg) for the same quantity when they offered RMB1,900/kg (USD276/kg) early last week. They last sold about 1t at around RMB1,870/kg (USD270/kg) to a regular client early last week. Discouraged by weak demand from most downstream consumers, 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 coming week.
The producer, based on an annual production capacity of 200t, expects to produce about 4t in April, down by 1t from March. They produced nearly 46t in 2022 and around 16t so far in 2023. They hold around 3t of stocks now, up by 1t from last month.
A consumer in South China noted that they called no suppliers for the market, while they called one supplier last week. Most of their regular suppliers quote RMB1,870/kg (USD270/kg) EXW D/P for tantalum oxide 99.5%min and could accept RMB1,850/kg (USD267/kg) for orders no less than 1t at the moment, while the most competitive price remained at around RMB1,870/kg (USD270/kg) for the same quantity early last week. "We last bought around 1t at about RMB1,870/kg (USD270/kg) in mid-April," said the consumer, who plans to delay purchasing until mid-May. As most suppliers compete for limited orders, the consumer predicts that the mainstream prices would decrease by around RMB20/kg (USD3/kg) in the following week.
With an annual consumption capacity of 24t, the consumer expects to consume 2t in April, unchanged from last month. They consumed around 24t in 2022 and almost 8t so far in 2023. They hold around 2t of stocks, the same as last month.
