Chinese lutetium oxide suppliers hold prices steady
2024-04-10 08:23:04 [Print]
BEIJING (Asian Metal) 10 Apr 24 - Chinese lutetium oxide 99.99%min suppliers preferred to hold stocks rather than lower prices over the past week. As a consequence, the current Chinese lutetium oxide 99.99%min mainstream prices hover at RMB5,500-5,600/kg (USD760-774/kg) EXW D/P at present, in line with one week ago. Consumers still have no intention to purchase in bulk. Given that suppliers still have no intention to mark down prices, insiders forecasted that the Chinese lutetium oxide 99.99%min mainstream prices would still stay at current levels in the upcoming week.
A producer in South China claims that he holds lutetium oxide 99.99%min quotation steady at around RMB5,600/kg (USD774/kg) EXW D/P and refuses to sell at prices below RMB5,500/kg (USD760/kg) at present, the same as one week ago. He concluded my latest sale early this week, when he sold 200kg at around RMB5,500/kg (USD760/kg). "I already have difficulties in gaining margins at current price levels and prefers to hold inventory rather than lower prices even though my clients still have no intention to purchase," said the producer, who still refuses to make concession on prices and foresees further firm prices in the upcoming week.
With an annual production capacity of 10t of lutetium oxide 99.99%min, the producer's outputs in 2023 and so far in 2024 recorded approximately five tons and 1.3t. He estimates to produce around 500kg this month, a decrease of 100kg MoM. He holds an inventory of around 300kg now, up by 100kg MoM.
A consumer in South China reveals that his regular lutetium oxide 99.99%min suppliers still quote about RMB5,700/kg (USD788/kg) EXW T/T 90 days for him now. Based on his experience, he could purchase at around RMB5,700/kg (USD788/kg) EXW T/T 90 days and RMB5,600/kg (USD774/kg) EXW D/P at present, without much change from one week ago. "I last bought 200kg at around RMB5,600/kg (USD774/kg) late last week," said the consumer, who plans to hold a wait-and-see attitude towards the market in the coming week. He couldn't bargain for cheaper prices from suppliers and forecasts that the Chinese lutetium oxide 99.99%min mainstream prices would continue staying at current levels in the forthcoming week.
The consumer, with an annual consumption capacity of 10t of lutetium oxide 99.99%min, expects to use around 300kg in April, down by 100kg MoM. He consumed about 1,000kg so far in 2024, compared with approximately 300kg last year. He holds an inventory of around 150kg now, an increase of 50kg MoM.
A producer in South China claims that he holds lutetium oxide 99.99%min quotation steady at around RMB5,600/kg (USD774/kg) EXW D/P and refuses to sell at prices below RMB5,500/kg (USD760/kg) at present, the same as one week ago. He concluded my latest sale early this week, when he sold 200kg at around RMB5,500/kg (USD760/kg). "I already have difficulties in gaining margins at current price levels and prefers to hold inventory rather than lower prices even though my clients still have no intention to purchase," said the producer, who still refuses to make concession on prices and foresees further firm prices in the upcoming week.
With an annual production capacity of 10t of lutetium oxide 99.99%min, the producer's outputs in 2023 and so far in 2024 recorded approximately five tons and 1.3t. He estimates to produce around 500kg this month, a decrease of 100kg MoM. He holds an inventory of around 300kg now, up by 100kg MoM.
A consumer in South China reveals that his regular lutetium oxide 99.99%min suppliers still quote about RMB5,700/kg (USD788/kg) EXW T/T 90 days for him now. Based on his experience, he could purchase at around RMB5,700/kg (USD788/kg) EXW T/T 90 days and RMB5,600/kg (USD774/kg) EXW D/P at present, without much change from one week ago. "I last bought 200kg at around RMB5,600/kg (USD774/kg) late last week," said the consumer, who plans to hold a wait-and-see attitude towards the market in the coming week. He couldn't bargain for cheaper prices from suppliers and forecasts that the Chinese lutetium oxide 99.99%min mainstream prices would continue staying at current levels in the forthcoming week.
The consumer, with an annual consumption capacity of 10t of lutetium oxide 99.99%min, expects to use around 300kg in April, down by 100kg MoM. He consumed about 1,000kg so far in 2024, compared with approximately 300kg last year. He holds an inventory of around 150kg now, an increase of 50kg MoM.
