Praseodymium oxide import prices in America decline
2023-03-03 10:58:05 [Print]
BEIJING (Asian Metal) 3 Mar 23 - As importers held wait-and-see attitudes, the praseodymium oxide 99.5%min market witnessed slow buying activities over the past half a month. The current praseodymium oxide 99.5%min mainstream prices in America dropped to USD99-101/kg CIF America, down by around USD4/kg from two weeks ago. Given importers' wait-and-see attitudes, insiders forecasted that the praseodymium oxide 99.5%min mainstream prices in America would move down further in the forthcoming week.
An American importer revealed that his regular sellers quote about USD100/kg CIF America for praseodymium oxide 99.5%min to him at present. Based on his experience, he couldn't bargain for better prices if he would import now, while he couldn't buy at prices below USD104/kg half a month ago. "I concluded my latest procurement early this month, when I bought four tons at around USD104/kg," said the importer, who plans to hold a wait-and-see attitude towards the praseodymium oxide 99.5%min market due to weak demand from his end users. He forecasted that the praseodymium oxide 99.5%min mainstream import prices in America would decline by around USD2/kg in the upcoming week as buyers purchase inactively.
With a typical monthly import volume of two tons of praseodymium oxide 99.5%min, the importer bought around four and a half tons so far in 2023, compared with approximately 24t in 2022. He expects no purchase this month, a decrease of around four tons MoM. He has around 500kg of stocks at present, in line with early February.
Another American trader noted that he sent an inquiry of three tons and his regular Chinese exporters lower praseodymium oxide 99.5%min quotation to about USD100/kg CIF America to him yesterday. Based on his experience, he could import at about USD99/kg at the moment, while he had difficulty in buying at prices below USD103/kg two weeks ago. He last imported four tons of praseodymium oxide 99.5%min at about USD118/kg in mid-February. "I would not purchase unless I could get orders from end users," said the trader, who predicted that the praseodymium oxide 99.5%min mainstream import prices in America still have room to move down in the coming week.
The importer, with a typical monthly import volume of one and a half tons of praseodymium oxide 99.5%min, bought about five tons so far this year, compared with approximately 15t last year. He expects a purchase volume of around three tons this month, down by two tons MoM. He holds an inventory of around six tons now, up by five tons MoM.
An American importer revealed that his regular sellers quote about USD100/kg CIF America for praseodymium oxide 99.5%min to him at present. Based on his experience, he couldn't bargain for better prices if he would import now, while he couldn't buy at prices below USD104/kg half a month ago. "I concluded my latest procurement early this month, when I bought four tons at around USD104/kg," said the importer, who plans to hold a wait-and-see attitude towards the praseodymium oxide 99.5%min market due to weak demand from his end users. He forecasted that the praseodymium oxide 99.5%min mainstream import prices in America would decline by around USD2/kg in the upcoming week as buyers purchase inactively.
With a typical monthly import volume of two tons of praseodymium oxide 99.5%min, the importer bought around four and a half tons so far in 2023, compared with approximately 24t in 2022. He expects no purchase this month, a decrease of around four tons MoM. He has around 500kg of stocks at present, in line with early February.
Another American trader noted that he sent an inquiry of three tons and his regular Chinese exporters lower praseodymium oxide 99.5%min quotation to about USD100/kg CIF America to him yesterday. Based on his experience, he could import at about USD99/kg at the moment, while he had difficulty in buying at prices below USD103/kg two weeks ago. He last imported four tons of praseodymium oxide 99.5%min at about USD118/kg in mid-February. "I would not purchase unless I could get orders from end users," said the trader, who predicted that the praseodymium oxide 99.5%min mainstream import prices in America still have room to move down in the coming week.
The importer, with a typical monthly import volume of one and a half tons of praseodymium oxide 99.5%min, bought about five tons so far this year, compared with approximately 15t last year. He expects a purchase volume of around three tons this month, down by two tons MoM. He holds an inventory of around six tons now, up by five tons MoM.
