Chinese PrNd mischmetal prices move down
2023-04-11 08:33:55 [Print]
BEIJING (Asian Metal) 11 Apr 23 - The Chinese PrNd mischmetal market witnessed slow buying activities over the past four days due to buyers' wait-and-see attitudes. The current Chinese PrNd mischmetal mainstream prices dropped to RMB625,000-635,000/t (USD90,896-92,350/t) EXW T/T 30 days, a decline of around RMB10,000/t (USD1,454/t) from late last week. Given that buyers purchase inactively, insiders forecasted that the Chinese PrNd mischmetal mainstream prices would slide further in the upcoming week.
A producer in South China noted that he quotes around RMB630,000/t (USD91,627/t) EXW D/P for PrNd mischmetal and considers selling at about RMB625,000/t (USD90,896/t) now, while he didn't consider selling at prices below RMB635,000/t (USD92,350/t) late last week. He last sold five tons at around RMB660,000/t (USD95,986/t) late last week. "My clients held wait-and-see attitudes and I failed to receive any inquiries over the past three days," said the producer, who forecasted that the Chinese PrNd mischmetal mainstream prices would drop further in the forthcoming week.
With an annual production capacity of 4,300t of PrNd mischmetal, the produce expects an output of around 130t in April, without much change MoM. He produced approximately 2,200t and 460t respectively in 2022 and so far in 2023. He holds no stock now, unchanged MoM.
A consumer in South China disclosed that his regular suppliers lower PrNd mischmetal quotation to about RMB630,000/t (USD91,627/t) EXW T/T 30 days to him at present. Based on his experience, he could purchase at about RMB625,000/t (USD90,896/t) now, while he had difficulty in buying at prices below RMB635,000/t (USD92,350/t) late last week. "I concluded my latest procurement late last week, when he bought eight tons at around RMB650,000/t (USD94,531/t)," said the consumer, who intends to keep watching the Chinese PrNd mischmetal market in the coming week due to abundant supply and sliding prices. As buyers purchase inactively, he predicted that the Chinese PrNd mischmetal mainstream prices would go down by around RMB20,000/t (USD2,909/t) in the coming week.
The consumer, with an annual consumption capacity of 900t of PrNd mischmetal, consumed about 30t so far this year, compared with approximately 340t last year. He expects to use around 12t this month, without much change MoM. He holds an inventory of about five tons now, a decline of five tons MoM.
A producer in South China noted that he quotes around RMB630,000/t (USD91,627/t) EXW D/P for PrNd mischmetal and considers selling at about RMB625,000/t (USD90,896/t) now, while he didn't consider selling at prices below RMB635,000/t (USD92,350/t) late last week. He last sold five tons at around RMB660,000/t (USD95,986/t) late last week. "My clients held wait-and-see attitudes and I failed to receive any inquiries over the past three days," said the producer, who forecasted that the Chinese PrNd mischmetal mainstream prices would drop further in the forthcoming week.
With an annual production capacity of 4,300t of PrNd mischmetal, the produce expects an output of around 130t in April, without much change MoM. He produced approximately 2,200t and 460t respectively in 2022 and so far in 2023. He holds no stock now, unchanged MoM.
A consumer in South China disclosed that his regular suppliers lower PrNd mischmetal quotation to about RMB630,000/t (USD91,627/t) EXW T/T 30 days to him at present. Based on his experience, he could purchase at about RMB625,000/t (USD90,896/t) now, while he had difficulty in buying at prices below RMB635,000/t (USD92,350/t) late last week. "I concluded my latest procurement late last week, when he bought eight tons at around RMB650,000/t (USD94,531/t)," said the consumer, who intends to keep watching the Chinese PrNd mischmetal market in the coming week due to abundant supply and sliding prices. As buyers purchase inactively, he predicted that the Chinese PrNd mischmetal mainstream prices would go down by around RMB20,000/t (USD2,909/t) in the coming week.
The consumer, with an annual consumption capacity of 900t of PrNd mischmetal, consumed about 30t so far this year, compared with approximately 340t last year. He expects to use around 12t this month, without much change MoM. He holds an inventory of about five tons now, a decline of five tons MoM.
