Tantalite import market sees rare deals in U.S.
2024-04-30 10:21:37 [Print]
BEIJING (Asian Metal) 30 Apr 24 - As downstream consumers delay purchasing, the tantalite import market in U.S. witnesses rare deals in the past week. The current mainstream import prices of tantalite 30%min in U.S. decrease to USD75-77/lb Ta2O5 CIF USA, down by USD1/lb Ta2O5 from early last week. As most suppliers remain pessimistic about the market, insiders predict that the mainstream prices would decrease further in the coming week.
A trader in the U.S. claims that they failed to conclude any deals after they last sold around 5t to a regular client at around USD76/lb Ta2O5 CIF USA in mid-April. "We offer USD76/lb Ta2O5 CIF USA for tantalite 30%min and accept USD75/lb Ta2O5 for orders no less than 5t at present, while we quoted USD77/lb Ta2O5 and considered USD76/lb Ta2O5 if the clients could purchase the same quantity early last week", said the trader, adding that most consumers delay purchasing and wait for lower prices. Discouraged by weak demand from most downstream consumers, the trader plans to lower their price by around USD1/lb Ta2O5 next week and predicts that the mainstream prices would decrease by around USD1/lb Ta2O5 in the coming week.
Based on a regular monthly trading volume of 5t, the trader would sell about 5t in April, unchanged from last month. They sold almost 40t in 2023 and around 20t so far in 2024. They hold no stock now, unchanged MoM.
"We concluded no deals after we last sold about 5t at around USD77/lb Ta2O5 CIF USA to a regular client in early April", said another trader in the U.S., who failed to receive any inquiry since then while they used to receive 1-2 inquiries a week last month. They would like to sell tantalite 30%min at around USD75/lb Ta2O5 CIF USA and could accept no counteroffers at the moment, while they quoted USD77/lb Ta2O5 and could consider USD76/lb Ta2O5 for the same quantity early last week. As downstream consumers remain inactive in sending inquiries, the trader has no confidence in the market next week 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 expects to sell around 5t in April, unchanged from March. They sold nearly 60t in 2023 and around 15t so far in 2024. They hold around 2t of stock now, up by 1t from last month.
A trader in the U.S. claims that they failed to conclude any deals after they last sold around 5t to a regular client at around USD76/lb Ta2O5 CIF USA in mid-April. "We offer USD76/lb Ta2O5 CIF USA for tantalite 30%min and accept USD75/lb Ta2O5 for orders no less than 5t at present, while we quoted USD77/lb Ta2O5 and considered USD76/lb Ta2O5 if the clients could purchase the same quantity early last week", said the trader, adding that most consumers delay purchasing and wait for lower prices. Discouraged by weak demand from most downstream consumers, the trader plans to lower their price by around USD1/lb Ta2O5 next week and predicts that the mainstream prices would decrease by around USD1/lb Ta2O5 in the coming week.
Based on a regular monthly trading volume of 5t, the trader would sell about 5t in April, unchanged from last month. They sold almost 40t in 2023 and around 20t so far in 2024. They hold no stock now, unchanged MoM.
"We concluded no deals after we last sold about 5t at around USD77/lb Ta2O5 CIF USA to a regular client in early April", said another trader in the U.S., who failed to receive any inquiry since then while they used to receive 1-2 inquiries a week last month. They would like to sell tantalite 30%min at around USD75/lb Ta2O5 CIF USA and could accept no counteroffers at the moment, while they quoted USD77/lb Ta2O5 and could consider USD76/lb Ta2O5 for the same quantity early last week. As downstream consumers remain inactive in sending inquiries, the trader has no confidence in the market next week 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 expects to sell around 5t in April, unchanged from March. They sold nearly 60t in 2023 and around 15t so far in 2024. They hold around 2t of stock now, up by 1t from last month.
