Cerium oxide prices in Europe move down
2023-03-03 10:07:35 [Print]
BEIJING (Asian Metal) 3 Mar 23 - The European cerium oxide 99.9%min market witnessed limited buying activities over the past two weeks. The cerium oxide 99.9%min mainstream prices in Europe slid to USD1.65-1.75/kg in warehouse Rotterdam, with a decrease of around USD0.05/kg from one week ago. Given that buyers purchase inactively, insiders forecasted that the cerium oxide 99.9%min mainstream prices in Europe would move down further in the upcoming week.
A European trader disclosed that he lowers cerium oxide 99.9%min quotation to about USD1.80/kg in warehouse Rotterdam and has intention to sell at around USD1.65/kg for orders no less than 20t now, while he refused to sell at prices below USD1.7/kg one week ago. He last sold 20t at around USD1.7/kg late last week. "My clients held wait-and-see attitudes this week and I failed to receive any inquiries after my latest sale," said the trader, who has intention to accept a bit further price declines and predicted that the cerium oxide 99.9%min mainstream prices in Europe would drop by around USD0.05/kg in the forthcoming week.
The trader, with a typical monthly trading volume of eight tons of cerium oxide 99.9%min, purchased about 30t so far in 2023, compared with around 93t in 2022. He estimates to sell around 10t in March, down by 10t MoM. He holds an inventory of about 10t at the moment, in line with one month ago.
Another trader in Europe claimed that his regular suppliers quote about USD1.65/kg in warehouse Rotterdam for cerium oxide 99.9%min to him at present. According to his experience, he could buy at about USD1.6/kg now, while he couldn't buy at prices below USD1.65/kg one week ago, when he sold 24t at about USD1.65/kg. "I have no plan to purchase cerium oxide 99.9%min again unless I could get orders from my end users," said the trader, who forecasted that the cerium oxide 99.9%min mainstream prices in Europe would go down further in the upcoming week due to sufficient supply.
With a typical monthly trading volume of 10t of cerium oxide 99.9%min, the trader expects no procurement this month, down by 24t MoM. He purchased approximately 120t and 40t respectively last year and so far this year. He has about 10t of stocks at the moment, in line with one month ago.
A European trader disclosed that he lowers cerium oxide 99.9%min quotation to about USD1.80/kg in warehouse Rotterdam and has intention to sell at around USD1.65/kg for orders no less than 20t now, while he refused to sell at prices below USD1.7/kg one week ago. He last sold 20t at around USD1.7/kg late last week. "My clients held wait-and-see attitudes this week and I failed to receive any inquiries after my latest sale," said the trader, who has intention to accept a bit further price declines and predicted that the cerium oxide 99.9%min mainstream prices in Europe would drop by around USD0.05/kg in the forthcoming week.
The trader, with a typical monthly trading volume of eight tons of cerium oxide 99.9%min, purchased about 30t so far in 2023, compared with around 93t in 2022. He estimates to sell around 10t in March, down by 10t MoM. He holds an inventory of about 10t at the moment, in line with one month ago.
Another trader in Europe claimed that his regular suppliers quote about USD1.65/kg in warehouse Rotterdam for cerium oxide 99.9%min to him at present. According to his experience, he could buy at about USD1.6/kg now, while he couldn't buy at prices below USD1.65/kg one week ago, when he sold 24t at about USD1.65/kg. "I have no plan to purchase cerium oxide 99.9%min again unless I could get orders from my end users," said the trader, who forecasted that the cerium oxide 99.9%min mainstream prices in Europe would go down further in the upcoming week due to sufficient supply.
With a typical monthly trading volume of 10t of cerium oxide 99.9%min, the trader expects no procurement this month, down by 24t MoM. He purchased approximately 120t and 40t respectively last year and so far this year. He has about 10t of stocks at the moment, in line with one month ago.
