Chinese PrNd oxide prices up further
2024-04-08 11:06:33 [Print]
BEIJING (Asian Metal) 8 Apr 24 - Boosted by rising costs resulting from tightening upstream raw material supply, today mainstream prices for Chinese PrNd oxide move up to RMB366,000-371,000/t (USD50,600-51,291/t) D/P, up by RMB10,000/t (USD1,383/t). Considering that suppliers still hold back from selling, insiders believe that there would still be upward potentials in mainstream prices of Chinese PrNd oxide in the coming week.
A trader in Hebei revealed that now his PrNd oxide stocks have all be sold out and he plans to purchase around 3 tons again. Today his regular supplier quoted PrNd oxide at RMB375,000/t (USD51,844/t) D/P with no lower prices to be accepted, while last Wednesday he could buy the material at RMB370,000/t (USD51,153/t). "I made no purchases today and plan to wait for opportunities to get ideal prices," the trader said, adding that he hopes to buy the material as soon as possible. He believed that prices of Chinese PrNd oxide would still be able to go up in the forthcoming week.
With an annual sales volume of about 200t of PrNd oxide, the trader sold about 15t last month and expects to sell 20t this month.
A trader in Jiangsu revealed that today he quoted PrNd oxide at RMB390,000/t (USD53,918/t) D/P, while last Monday he sold about 10t of the material at RMB355,000/t (USD49,079/t). "Now PrNd oxide prices are moving up quickly, so I lost some profits from the sales I concluded on Monday," the trader said, believing that PrNd oxide prices would reach RMB390,000/t (USD53,918/t) soon as prices are expected to move up continuously in the forthcoming week.
With an annual sales volume of about 400t of PrNd oxide, the trader sold about 30t last month and expects to sell 35t this month.
A trader in Hebei revealed that now his PrNd oxide stocks have all be sold out and he plans to purchase around 3 tons again. Today his regular supplier quoted PrNd oxide at RMB375,000/t (USD51,844/t) D/P with no lower prices to be accepted, while last Wednesday he could buy the material at RMB370,000/t (USD51,153/t). "I made no purchases today and plan to wait for opportunities to get ideal prices," the trader said, adding that he hopes to buy the material as soon as possible. He believed that prices of Chinese PrNd oxide would still be able to go up in the forthcoming week.
With an annual sales volume of about 200t of PrNd oxide, the trader sold about 15t last month and expects to sell 20t this month.
A trader in Jiangsu revealed that today he quoted PrNd oxide at RMB390,000/t (USD53,918/t) D/P, while last Monday he sold about 10t of the material at RMB355,000/t (USD49,079/t). "Now PrNd oxide prices are moving up quickly, so I lost some profits from the sales I concluded on Monday," the trader said, believing that PrNd oxide prices would reach RMB390,000/t (USD53,918/t) soon as prices are expected to move up continuously in the forthcoming week.
With an annual sales volume of about 400t of PrNd oxide, the trader sold about 30t last month and expects to sell 35t this month.
