Downward price trend in praseodymium oxide market
2014-10-24 09:07:22 [Print]
BEIJING (Asian Metal) 24 Oct 14 - Praseodymium oxide market sees downward price trend as a result of soft demand from glazing industry. Purchasers delay rebuilding inventories and it is hard for suppliers to make deals.
With a monthly output of around five tons of praseodymium oxide, a source from a separation plant in South China disclosed that it is hard to make deals of praseodymium oxide at RMB470,000/t (USD76,798/t), down by RMB5,000/t (USD817/t) from that of ten days ago. “Glazing producer reduced the consumption for praseodymium oxide by changing the using method from addition to spray coating,” disclosed the source.
According to the source, his last small deal of the material was concluded at RMB470,000/t (USD76,798/t) last week. He lacks confidence in the market in the coming days.
A source from another separation plant in South China conveyed that praseodymium oxide market sees weak demand and limited buying activities. The offers are in the range of RMB470,000-480,000/t (USD76,798-78,432/t), with a decrease of RMB5,000/t (USD817/t) from those of ten days ago. According to her, purchasers are not interested in making purchases and even though a few of them have intention to make small purchases, their target prices are rather low.
The source, whose plant produces around six tons of praseodymium oxide per month, also noted that she has failed to make any deals of the material over the last week.
With a monthly output of around five tons of praseodymium oxide, a source from a separation plant in South China disclosed that it is hard to make deals of praseodymium oxide at RMB470,000/t (USD76,798/t), down by RMB5,000/t (USD817/t) from that of ten days ago. “Glazing producer reduced the consumption for praseodymium oxide by changing the using method from addition to spray coating,” disclosed the source.
According to the source, his last small deal of the material was concluded at RMB470,000/t (USD76,798/t) last week. He lacks confidence in the market in the coming days.
A source from another separation plant in South China conveyed that praseodymium oxide market sees weak demand and limited buying activities. The offers are in the range of RMB470,000-480,000/t (USD76,798-78,432/t), with a decrease of RMB5,000/t (USD817/t) from those of ten days ago. According to her, purchasers are not interested in making purchases and even though a few of them have intention to make small purchases, their target prices are rather low.
The source, whose plant produces around six tons of praseodymium oxide per month, also noted that she has failed to make any deals of the material over the last week.
PrNd Oxide Pr6O11 25%, Nd2O3 75% EXW China
Unit:RMB/mt
China's praseodymium-neodymium oxide producers' suspension number statistics by province by month
Unit: pcs
