Chinese samarium metal market sees stable prices
2024-04-29 08:13:42 [Print]
BEIJING (Asian Metal) 29 Apr 24 - Owing to steady samarium oxide 99.9%min prices, the current Chinese samarium metal 99.5%min mainstream prices stand at RMB78-80/kg (USD10.8-11.0/kg) EXW T/T 30 days, without much change from one week ago. Consumers still purchase inactively. In view that suppliers still refuse to lower prices, insiders predict that the Chinese yttrium oxide 99.999%min market would witness further steady prices in the forthcoming week.
A producer in Jiangxi province notes that he holds samarium metal 99.5%min quotation firm at about RMB81/kg (USD11.2/kg) EXW T/T 30 days and considers selling at prices not lower than RMB80/kg (USD11.0/kg) now, without much change from one week ago. "I last sold five tons of samarium metal 99.5%min at about RMB80/kg (USD11.0/kg) late last week," said the producer, who couldn't replenish samarium oxide 99.9%min stocks at prices lower than RMB13,000/t (USD1,794/t) now, the same as one week ago. Given the steady samarium oxide 99.9%min prices, he still refuses to mark down prices and predicts that the Chinese samarium metal 99.5%min market would see further stable prices in the coming week.
The producer, on basis of an annual production capacity of 360t of samarium metal 99.5%min, estimates an output of around 15t in April, down by five tons MoM. He produced about 85t so far in 2024, compared with approximately 280t last year. He doesn't have stock at the moment, the same as late March.
A consumer in Zhejiang province claims that their regular samarium metal 99.5%min suppliers still quote about RMB80/kg (USD11.0/kg) EXW T/T 30 days for them at present. According to their experience, they could replenish stocks at around RMB79/kg (USD10.9/kg) now, in line with one week ago. They concluded their latest procurement early this week, when they bought two tons at around RMB79/kg (USD1.9/kg). "In view of the abundant supply and flat prices, we plan to hold wait-and-see attitudes towards the Chinese samarium metal 99.5%min market in the coming week," said the consumer, who faces difficulty in negotiating cheaper prices from sellers and forecasts that the Chinese samarium metal 99.5%min mainstream prices would continue standing at current levels in the forthcoming week.
With an annual consumption capacity of 72t of samarium metal 99.5%min, the consumer estimates a consumption volume of around two tons this month, without much change MoM. They consumed about seven tons so far this year, compared with approximately 37t last year. They hold an inventory of around four tons now, a decrease of one ton MoM.
A producer in Jiangxi province notes that he holds samarium metal 99.5%min quotation firm at about RMB81/kg (USD11.2/kg) EXW T/T 30 days and considers selling at prices not lower than RMB80/kg (USD11.0/kg) now, without much change from one week ago. "I last sold five tons of samarium metal 99.5%min at about RMB80/kg (USD11.0/kg) late last week," said the producer, who couldn't replenish samarium oxide 99.9%min stocks at prices lower than RMB13,000/t (USD1,794/t) now, the same as one week ago. Given the steady samarium oxide 99.9%min prices, he still refuses to mark down prices and predicts that the Chinese samarium metal 99.5%min market would see further stable prices in the coming week.
The producer, on basis of an annual production capacity of 360t of samarium metal 99.5%min, estimates an output of around 15t in April, down by five tons MoM. He produced about 85t so far in 2024, compared with approximately 280t last year. He doesn't have stock at the moment, the same as late March.
A consumer in Zhejiang province claims that their regular samarium metal 99.5%min suppliers still quote about RMB80/kg (USD11.0/kg) EXW T/T 30 days for them at present. According to their experience, they could replenish stocks at around RMB79/kg (USD10.9/kg) now, in line with one week ago. They concluded their latest procurement early this week, when they bought two tons at around RMB79/kg (USD1.9/kg). "In view of the abundant supply and flat prices, we plan to hold wait-and-see attitudes towards the Chinese samarium metal 99.5%min market in the coming week," said the consumer, who faces difficulty in negotiating cheaper prices from sellers and forecasts that the Chinese samarium metal 99.5%min mainstream prices would continue standing at current levels in the forthcoming week.
With an annual consumption capacity of 72t of samarium metal 99.5%min, the consumer estimates a consumption volume of around two tons this month, without much change MoM. They consumed about seven tons so far this year, compared with approximately 37t last year. They hold an inventory of around four tons now, a decrease of one ton MoM.
