Chinese PrNd oxide prices steady
2023-04-04 08:22:25 [Print]
BEIJING (Asian Metal) 4 Apr 23 - The Chinese PrNd oxide market witnessed slow buying activities over the past three days as consumers purchased inactively. However, suppliers refused to mark down prices. Therefore, the current Chinese PrNd mischmetal mainstream prices stood at RMB520,000-530,000/t (USD75,499-76,951/t) EXW D/P, without much change from late last week. Insiders forecasted that the Chinese PrNd oxide mainstream prices would still not change much in the coming two days.
A consumer in North China noted that his regular suppliers hold PrNd oxide quotation firm at about RMB530,000/t (USD76,951/t) EXW D/P to him at present. Based on his experience, he could buy at around RMB525,000/t (USD76,225/t) now, the same as late last week. "I last bought 10t of PrNd oxide at about RMB530,000/t (USD76,951/t) in the middle of last week," said the consumer, who has no plan to purchase PrNd oxide again in the coming week as wait-and-see attitudes of his clients. He couldn't bargain for better prices and forecasted that the Chinese PrNd oxide mainstream prices would continue hovering at current levels in the forthcoming week.
With an annual consumption capacity of 1,300t of PrNd oxide, the producer expects to consume around 60t in April, without much change MoM. He consumed about 650t and 205t respectively in 2022 and so far in 2023. He holds an inventory of around 10t at present, in line with one month ago.
A consumer in South China claimed that his regular suppliers still quote about RMB525,000/t (USD76,225/t) EXW D/P for PrNd oxide to him at present. Based on his experience, he could buy at around RMB520,000/t (USD75,499/t) now, in line with late last week, when he concluded his latest procurement of five tons at about RMB520,000/t (USD75,499/t). "Although I purchase PrNd oxide inactively, I foresaw further firm prices in the Chinese PrNd oxide market in the coming two days as I couldn't negotiate lower prices from my sellers," said the consumer.
The consumer, with an annual consumption capacity of 1,230t of PrNd oxide, consumed approximately 220t so far this year, compared with about 850t last year. He expects to use around 85t this month, without much change MoM. He has about 50t of stocks at the moment, a decline of 10t MoM.
A consumer in North China noted that his regular suppliers hold PrNd oxide quotation firm at about RMB530,000/t (USD76,951/t) EXW D/P to him at present. Based on his experience, he could buy at around RMB525,000/t (USD76,225/t) now, the same as late last week. "I last bought 10t of PrNd oxide at about RMB530,000/t (USD76,951/t) in the middle of last week," said the consumer, who has no plan to purchase PrNd oxide again in the coming week as wait-and-see attitudes of his clients. He couldn't bargain for better prices and forecasted that the Chinese PrNd oxide mainstream prices would continue hovering at current levels in the forthcoming week.
With an annual consumption capacity of 1,300t of PrNd oxide, the producer expects to consume around 60t in April, without much change MoM. He consumed about 650t and 205t respectively in 2022 and so far in 2023. He holds an inventory of around 10t at present, in line with one month ago.
A consumer in South China claimed that his regular suppliers still quote about RMB525,000/t (USD76,225/t) EXW D/P for PrNd oxide to him at present. Based on his experience, he could buy at around RMB520,000/t (USD75,499/t) now, in line with late last week, when he concluded his latest procurement of five tons at about RMB520,000/t (USD75,499/t). "Although I purchase PrNd oxide inactively, I foresaw further firm prices in the Chinese PrNd oxide market in the coming two days as I couldn't negotiate lower prices from my sellers," said the consumer.
The consumer, with an annual consumption capacity of 1,230t of PrNd oxide, consumed approximately 220t so far this year, compared with about 850t last year. He expects to use around 85t this month, without much change MoM. He has about 50t of stocks at the moment, a decline of 10t MoM.
