Chinese market sees violent fluctuations in PrNd oxide prices
2024-04-09 11:05:34 [Print]
BEIJING (Asian Metal) 9 Apr 24 - As many suppliers made sales in large quantities today, today mainstream prices for Chinese PrNd oxide experienced sharp fluctuations, once rising to the highest level of RMB393,000/t (USD54,337/t) D/P and finally falling to RMB370,000-375,000/t (USD51,157-51,849/t) D/P, but still RMB2,000/t (USD277/t) higher than yesterday. Considering that suppliers show high interest in making sales, insiders believe that prices of Chinese PrNd oxide would fall to certain extents in the coming week.
A trader in Jiangxi revealed that, with no PrNd oxide stocks in hand, this morning he planned to buy around 5t and his regular supplier quoted PrNd the material at RMB393,000/t (USD54,337/t) D/P with no lower prices to be accepted, while in the afternoon he was able to buy from the supplier at RMB375,000/t (USD51,849/t) D/P. "I made no purchases today and just wait for some time to avoid risks from price fluctuations," the trader said, believing that prices of Chinese PrNd oxide would move down in the forthcoming week.
The trader has a typical sales volume of about 25tpm of PrNd oxide.
Another trader in Jiangxi revealed that, this afternoon he got quotations for PrNd oxide from regular suppliers at RMB375,000/t (USD51,849/t) D/P, while yesterday he just sold out 5t of the material he held in inventory at RMB380,000/t (USD52,540/t) D/P. "Quotations for PrNd oxide I learned this morning still stayed at the level of RMB395,000/t (USD54,614/t), while in the afternoon prices began to move down quickly, so I decide not to make purchases at the moment and just wait on the sidelines for a while," the trader said, believing that there would be some downward potentials inn prices of Chinese PrNd oxide in the forthcoming week.
The trader has a typical sales volume of about 30tpm of PrNd oxide.
A trader in Jiangxi revealed that, with no PrNd oxide stocks in hand, this morning he planned to buy around 5t and his regular supplier quoted PrNd the material at RMB393,000/t (USD54,337/t) D/P with no lower prices to be accepted, while in the afternoon he was able to buy from the supplier at RMB375,000/t (USD51,849/t) D/P. "I made no purchases today and just wait for some time to avoid risks from price fluctuations," the trader said, believing that prices of Chinese PrNd oxide would move down in the forthcoming week.
The trader has a typical sales volume of about 25tpm of PrNd oxide.
Another trader in Jiangxi revealed that, this afternoon he got quotations for PrNd oxide from regular suppliers at RMB375,000/t (USD51,849/t) D/P, while yesterday he just sold out 5t of the material he held in inventory at RMB380,000/t (USD52,540/t) D/P. "Quotations for PrNd oxide I learned this morning still stayed at the level of RMB395,000/t (USD54,614/t), while in the afternoon prices began to move down quickly, so I decide not to make purchases at the moment and just wait on the sidelines for a while," the trader said, believing that there would be some downward potentials inn prices of Chinese PrNd oxide in the forthcoming week.
The trader has a typical sales volume of about 30tpm of PrNd oxide.
