Chinese PrNd mischmetal prices decline
2023-03-07 09:16:54 [Print]
BEIJING (Asian Metal) 7 Mar 23 - Given that most producers lowered their prices today because of the weak demand, the current mainstream prices of Chinese PrNd mischmetal 99%min, Pr 25±2% max, Nd 75±2% max, Fe 0.3%max, C 0.05%max stand at RMB750,000-760,000/t (USD108,150-109,962/t) EXW D/P, down by RMB38,000/t (USD5,480/t) from late last week. Insiders believe that the mainstream prices of Chinese PrNd mischmetal 99%min would keep going down in the following week as most producers hold pessimistic attitudes while consumers only inquire for prices rather than place orders.
A producer in Eastern China disclosed, "We presently offer RMB760,000/t (USD109,962/t) EXW D/P for PrNd mischmetal 99%min, Pr 25±2% , Nd 75±2% , Fe 300ppm max, C 300ppm max today and could possibly sell at the price as low as RMB757,000/t (USD109,528/t) for orders no less than 5t". The producer lowered their price today because of weak demand. While the producer refused to consider any price lower than RMB782,000/t (USD112,764/t) late last week. They closed no deal after they last sold about 2t at RMB820,000/t (USD118,643/t) on 28th February. The producer expects that the mainstream prices of Chinese PrNd mischmetal would go down further in the following week dragged by dim market.
The producer, with an annual production capacity of 500t of PrNd mischmetal, predicts to produce around 10t in March, unchanged from February. They have an inventory of nearly 10t at present.
Another producer in East China revealed that their current quotation for PrNd mischmetal 99%min, Pr 25±2% , Nd 75±2% , Fe 0.3%, C 300ppm stood at RMB760,000/t (USD109,962/t) EXW D/P and they would probably sell at prices no less than RMB755,000/t (USD109,238/t) for orders over 10t. They lowered their price from last Friday to promote sales. "We didn't not close any deal today and last sold about 2t at RMB770,000/t (USD111,409/t) last Friday", the producer mentioned. The producer holds bearish attitude towards the market discouraged by the weak demand.
Based on a production capacity of 3,000tpy, the producer estimates to produce nearly 200t this month and produced almost 200t in February. They hold an inventory of nearly 30t at the moment.
A producer in Eastern China disclosed, "We presently offer RMB760,000/t (USD109,962/t) EXW D/P for PrNd mischmetal 99%min, Pr 25±2% , Nd 75±2% , Fe 300ppm max, C 300ppm max today and could possibly sell at the price as low as RMB757,000/t (USD109,528/t) for orders no less than 5t". The producer lowered their price today because of weak demand. While the producer refused to consider any price lower than RMB782,000/t (USD112,764/t) late last week. They closed no deal after they last sold about 2t at RMB820,000/t (USD118,643/t) on 28th February. The producer expects that the mainstream prices of Chinese PrNd mischmetal would go down further in the following week dragged by dim market.
The producer, with an annual production capacity of 500t of PrNd mischmetal, predicts to produce around 10t in March, unchanged from February. They have an inventory of nearly 10t at present.
Another producer in East China revealed that their current quotation for PrNd mischmetal 99%min, Pr 25±2% , Nd 75±2% , Fe 0.3%, C 300ppm stood at RMB760,000/t (USD109,962/t) EXW D/P and they would probably sell at prices no less than RMB755,000/t (USD109,238/t) for orders over 10t. They lowered their price from last Friday to promote sales. "We didn't not close any deal today and last sold about 2t at RMB770,000/t (USD111,409/t) last Friday", the producer mentioned. The producer holds bearish attitude towards the market discouraged by the weak demand.
Based on a production capacity of 3,000tpy, the producer estimates to produce nearly 200t this month and produced almost 200t in February. They hold an inventory of nearly 30t at the moment.
