05.05.2020/99,5/21,5 ISE - The European market for erbium oxide 22,5% min experienced subdued demand last week due to the wait-and-see attitude of buyers. The usual prices of the raw material in the Rotterdam warehouse are currently at 99,5-XNUMX USD / kg, without any major changes compared to last week. Supported by constant manufacturing costs, suppliers prefer to watch the market instead of lowering prices. Market participants are therefore predicting that the prices for erbium oxide XNUMX% min in Europe will remain at the current level in the coming week.
A European trader revealed that he is temporarily adopting a wait-and-see attitude towards the market for erbium oxide 99,5% min. “I usually buy erbium oxide 99,5% min at least once a month, but I haven't made any inquiries for erbium oxide 99,5% min this month and I have no intention of restocking in April,” said the dealer , who last bought one ton of erbium oxide 99,5% min in mid-March at a price of around USD 24 / kg DDP, which was around USD 1 / kg below the price of his previous purchase for three tons in early March. His regular suppliers are now offering him a price of around $ 23 / kg DDP. In his experience, he could get the material at a price of around USD 22,5 / kg TDP, which corresponds to around USD 21,5 / kg in the Rotterdam warehouse if he could do the procurement, unchanged from the lowest price he had before a week. Given the relatively constant costs of the suppliers, he predicts that the prices for erbium oxide 99,5% min in Europe will show a stable trend in the coming week.
With a typical monthly trading volume of one ton, the purchasing volume of the trader for erbium oxide 99,5% min in 2019 was around 10 tons and this year around five tons. He bought around four tons of the material in March and has no intention of buying again in April. It currently has a stock of around three tons without any major changes to its inventory.
Another European trader claimed that it is currently difficult for him to sell erbium oxide 99,5% min as his end users are not interested in restocking. He's selling around $ 23 / kg in the Rotterdam warehouse and would consider selling around $ 22,5 / kg to regular end users, which is his all-time low a week ago. He hasn't received any erbium oxide 99,5% min inquiries so far this month and previously didn't promise any deals in April, despite having a regular customer who usually buys once a month. "Given the cost of our company, I prefer to watch the erbium oxide 99,5% min market rather than the lower selling prices and I think that erbium oxide 99,5% min prices in Europe will not go down any further in the coming week," said the trader who last sold around 500kg of erbium oxide 99,5% min at around $ 23,5 / kg in late March, a decrease of around $ 0,5 / kg from its previous sale for 500kg in late February.
The trader, with a typical monthly trading volume of one ton, sold 500kg of erbium oxide 99,5% min in March and will not make any sales in April. Its sales volume last year was only about three tons, since it had only started business at the end of the third quarter. So far this year he has sold around one and a half tons of the material. He now has no inventory, unchanged from the previous year.
