Chinese imported tantalum concentrate suppliers pessimistic about the market
2024-04-10 08:23:23 [Print]
BEIJING (Asian Metal) 10 Apr 24 - As most downstream consumers remain inactive in sending inquiries, Chinese imported tantalum concentrate suppliers remain pessimistic about the market in the past week. The current mainstream prices for tantalum concentrate 30%min decrease to USD81-83/lb Ta2O5 CIF China, down by USD1/lb Ta2O5 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.
A trader in Guangdong claims that discouraged by inactive inquiries from downstream consumers, they remain pessimistic about the market. They quote USD82/lb Ta2O5 CIF China for imported tantalum concentrate 30%min and consider USD81/lb Ta2O5 for orders no less than 10t at the moment, while they would like to sell at around USD83/lb Ta2O5 and could accept USD82/lb Ta2O5 for the same quantity early last week. "We last sold about 10t at around USD82/lb Ta2O5 CIF China early last week", said the trader, who received one inquiry so far this week, while they received three inquiries in total last week. As most consumers hold wait-and-see attitudes, the trader plans to lower their price by around USD1/lb Ta2O5 next week and predicts that the tantalum concentrate import market prices would decrease by around USD1/lb Ta2O5 in the coming week.
The trader, with a regular monthly trading volume of 20t, expects to sell around 20t in April, unchanged from March. They sold nearly 300t in 2023 and around 50t so far in 2024. They hold around 10t of stocks now, up by 10t from last month.
"We have no confidence in the market as most clients remain inactive in placing orders", said another trader in Guangdong, who quotes USD83/lb Ta2O5 CIF China for imported tantalum concentrate 30%min and could accept USD82/lb Ta2O5 for orders no less than 5t at present, while they offered USD84/lb Ta2O5 and considered USD83/lb Ta2O5 for the same quantity early last week. They last sold around 5t at about USD83/lb Ta2O5 in mid-March and failed to conclude any deals since then. They received no inquiry so far this month, while they received one inquiry a week last month. As most consumers remain inactive in sending inquiries, the trader remains pessimistic about the market and predicts that the mainstream prices would decrease by around USD1/lb Ta2O5 in the following week.
With a regular monthly trading volume of 5t, the trader would sell around 5t in April, unchanged from March. They sold nearly 50t in 2023 and almost 10t so far in 2024. They hold no stock at present, unchanged from last month.
A trader in Guangdong claims that discouraged by inactive inquiries from downstream consumers, they remain pessimistic about the market. They quote USD82/lb Ta2O5 CIF China for imported tantalum concentrate 30%min and consider USD81/lb Ta2O5 for orders no less than 10t at the moment, while they would like to sell at around USD83/lb Ta2O5 and could accept USD82/lb Ta2O5 for the same quantity early last week. "We last sold about 10t at around USD82/lb Ta2O5 CIF China early last week", said the trader, who received one inquiry so far this week, while they received three inquiries in total last week. As most consumers hold wait-and-see attitudes, the trader plans to lower their price by around USD1/lb Ta2O5 next week and predicts that the tantalum concentrate import market prices would decrease by around USD1/lb Ta2O5 in the coming week.
The trader, with a regular monthly trading volume of 20t, expects to sell around 20t in April, unchanged from March. They sold nearly 300t in 2023 and around 50t so far in 2024. They hold around 10t of stocks now, up by 10t from last month.
"We have no confidence in the market as most clients remain inactive in placing orders", said another trader in Guangdong, who quotes USD83/lb Ta2O5 CIF China for imported tantalum concentrate 30%min and could accept USD82/lb Ta2O5 for orders no less than 5t at present, while they offered USD84/lb Ta2O5 and considered USD83/lb Ta2O5 for the same quantity early last week. They last sold around 5t at about USD83/lb Ta2O5 in mid-March and failed to conclude any deals since then. They received no inquiry so far this month, while they received one inquiry a week last month. As most consumers remain inactive in sending inquiries, the trader remains pessimistic about the market and predicts that the mainstream prices would decrease by around USD1/lb Ta2O5 in the following week.
With a regular monthly trading volume of 5t, the trader would sell around 5t in April, unchanged from March. They sold nearly 50t in 2023 and almost 10t so far in 2024. They hold no stock at present, unchanged from last month.
