Chinese PrNd oxide prices up
2024-04-12 11:04:34 [Print]
BEIJING (Asian Metal) 12 Apr 24 - Boosted by upstream suppliers' notable intention to raise prices, today mainstream prices for Chinese PrNd oxide move up to RMB375,000-380,000/t (USD51,817-52,508/t) D/P, up by RMB5,000/t (USD691/t) from yesterday. Considering that suppliers intend to raise prices despite that their sales might decrease, insiders believe that there would still be mild upward potentials in Chinese PrNd oxide prices in the coming days.
A consumer in Sichuan revealed that today his regular supplier quoted PrNd oxide at RMB380,000/t (USD52,508/t) D/P to him, and according to his experience, he could not buy the material at lower prices, but he made no purchases. "Yesterday I originally planned to buy 10t at RMB370,000/t (USD51,817/t) D/P, but the best price I could get after enquiring the supplier was RMB378,000/t (USD52,232/t) D/P, so I did not buy either," the consumer said. "Considering that major producers intend to raise prices, I believe that prices of Chinese PrNd oxide would edge up further in the forthcoming days," he added.
The consumer has annual consumption capacity of about 2,400t of PrNd oxide and used around 210t in total last year.
A trader in Jiangxi revealed that today he bought 5t of PrNd oxide at RMB383,000/t (USD52,922/t) D/P, and yesterday he bought 4t at RMB378,000/t (USD52,232/t) D/P. "As major upstream suppliers show strong intention to lift prices, I have to follow up with higher prices," the trader said, adding his regular clients from PrNd mischmetal plants hold limited PrNd oxide stocks at present and are expected to make raw material replenishments soon. He believed that prices of Chinese PrNd oxide would continue to move up in the forthcoming days.
The trader has a typical sales volume of about 15tpm of PrNd oxide and sold around 130t in total last year.
A consumer in Sichuan revealed that today his regular supplier quoted PrNd oxide at RMB380,000/t (USD52,508/t) D/P to him, and according to his experience, he could not buy the material at lower prices, but he made no purchases. "Yesterday I originally planned to buy 10t at RMB370,000/t (USD51,817/t) D/P, but the best price I could get after enquiring the supplier was RMB378,000/t (USD52,232/t) D/P, so I did not buy either," the consumer said. "Considering that major producers intend to raise prices, I believe that prices of Chinese PrNd oxide would edge up further in the forthcoming days," he added.
The consumer has annual consumption capacity of about 2,400t of PrNd oxide and used around 210t in total last year.
A trader in Jiangxi revealed that today he bought 5t of PrNd oxide at RMB383,000/t (USD52,922/t) D/P, and yesterday he bought 4t at RMB378,000/t (USD52,232/t) D/P. "As major upstream suppliers show strong intention to lift prices, I have to follow up with higher prices," the trader said, adding his regular clients from PrNd mischmetal plants hold limited PrNd oxide stocks at present and are expected to make raw material replenishments soon. He believed that prices of Chinese PrNd oxide would continue to move up in the forthcoming days.
The trader has a typical sales volume of about 15tpm of PrNd oxide and sold around 130t in total last year.
