Chinese PrNd oxide prices move up
2024-04-23 19:02:25 [Print]
BEIJING (Asian Metal) 23 Apr 24 - Due to the tight supply in the spot market, mainstream prices for Chinese PrNd oxide stand at RMB385,000-390,000/t (USD53,150-53,841/t) D/P today, up by RMB5,000/t (USD690/t) from last week. Suppliers believe that downstream consumers are inactive in enquiring now, so insiders reckon that prices for Chinese PrNd oxide would hover at the current level in the coming two days.
A trader in Jiangsu revealed that he offers RMB390,000/t (USD53,330/t) D/P for PrNd oxide today, and would not sell the material at prices lower than this level. "I received a counteroffer of RMB388,000/t (USD53,565/t) today, but I refused to close the deal because my business competitors all closed deals at around RMB390,000/t (USD53,330/t) today," the trader said, adding that he sold 5t at RMB385,000/t (USD53,150/t) last Friday. There aren't many inquiries today. He predicts that prices for PrNd oxide would keep unchanged at the current level.
With a monthly trade volume of 35t, the trader sold 30t last month and expects to sell the same volume this month.
A consumer in Inner Mongolia disclosed that prices for PrNd oxide he enquired today stay at RMB388,000-392,000/t (USD53,565-54,117/t) D/P, and he plans to purchase about 10t at RMB388,000/t (USD53,565/t). "The price I enquired last Friday was also RMB388,000/t (USD53,565/t) D/P, but I didn't purchase at that time. I think the price of PrNd oxide would be difficult to decline in the short term, so I plan to purchase some," the consumer said, anticipating that prices for PrNd oxide would keep relatively stable in the following days.
With an annual consumption capacity of 1,300t, the consumer consumed about 110t last month and holds about 30t of stocks now.
A trader in Jiangsu revealed that he offers RMB390,000/t (USD53,330/t) D/P for PrNd oxide today, and would not sell the material at prices lower than this level. "I received a counteroffer of RMB388,000/t (USD53,565/t) today, but I refused to close the deal because my business competitors all closed deals at around RMB390,000/t (USD53,330/t) today," the trader said, adding that he sold 5t at RMB385,000/t (USD53,150/t) last Friday. There aren't many inquiries today. He predicts that prices for PrNd oxide would keep unchanged at the current level.
With a monthly trade volume of 35t, the trader sold 30t last month and expects to sell the same volume this month.
A consumer in Inner Mongolia disclosed that prices for PrNd oxide he enquired today stay at RMB388,000-392,000/t (USD53,565-54,117/t) D/P, and he plans to purchase about 10t at RMB388,000/t (USD53,565/t). "The price I enquired last Friday was also RMB388,000/t (USD53,565/t) D/P, but I didn't purchase at that time. I think the price of PrNd oxide would be difficult to decline in the short term, so I plan to purchase some," the consumer said, anticipating that prices for PrNd oxide would keep relatively stable in the following days.
With an annual consumption capacity of 1,300t, the consumer consumed about 110t last month and holds about 30t of stocks now.
