Chinese market sees rising PrNd oxide prices
2024-04-03 10:44:43 [Print]
BEIJING (Asian Metal) 3 Apr 24 - As suppliers show notable intention to raise prices, today mainstream prices for Chinese PrNd oxide move up to RMB356,000-361,000/t (USD49,199-49,890/t) D/P. Considering that downstream consumers become more active in making replenishments, insiders believe that mainstream prices of Chinese PrNd oxide would still have mild upward potentials in the coming week.
A producer in South China revealed that today he quoted PrNd oxide at RMB362,000/t (USD50,028/t) D/P and could sell at no lower than RMB360,000/t (USD49,752/t). "I just sold 10t at RMB360,000/t (USD49,752/t) D/P this morning," the producer said. "Yesterday we also sold 5t at RMB358,000/t (USD49,476/t)," he added, believing that prices of Chinese PrNd oxide would generally stabilize with upward potentials in the forthcoming week.
With an annual production capacity of 1,300t of PrNd oxide, the producer produced about 40t last month and expects to have an output of 40t this month.
A trader in North China revealed that today he quoted PrNd oxide at RMB363,000/t (USD50,167/t) D/P. "I sold 3t at RMB362,000/t (USD50,028/t) in earlier time," the trader said, adding that today downstream clients show growing interest in making purchases. "Yesterday, after we raised prices, most downstream clients took a wait-and-see attitude. Today, with prices moving up again, downstream clients begin to place orders successively," he added, believing that prices of Chinese PrNd oxide would edge up in the forthcoming week.
With an annual production sales volume of about 200t of PrNd oxide, the trader sold about 15t last month and expects to keep a similar selling volume this month.
A producer in South China revealed that today he quoted PrNd oxide at RMB362,000/t (USD50,028/t) D/P and could sell at no lower than RMB360,000/t (USD49,752/t). "I just sold 10t at RMB360,000/t (USD49,752/t) D/P this morning," the producer said. "Yesterday we also sold 5t at RMB358,000/t (USD49,476/t)," he added, believing that prices of Chinese PrNd oxide would generally stabilize with upward potentials in the forthcoming week.
With an annual production capacity of 1,300t of PrNd oxide, the producer produced about 40t last month and expects to have an output of 40t this month.
A trader in North China revealed that today he quoted PrNd oxide at RMB363,000/t (USD50,167/t) D/P. "I sold 3t at RMB362,000/t (USD50,028/t) in earlier time," the trader said, adding that today downstream clients show growing interest in making purchases. "Yesterday, after we raised prices, most downstream clients took a wait-and-see attitude. Today, with prices moving up again, downstream clients begin to place orders successively," he added, believing that prices of Chinese PrNd oxide would edge up in the forthcoming week.
With an annual production sales volume of about 200t of PrNd oxide, the trader sold about 15t last month and expects to keep a similar selling volume this month.
