Chinese PrNd oxide prices keep unchanged
2024-04-24 11:30:39 [Print]
BEIJING (Asian Metal) 24 Apr 24 - As downstream consumers maintain normal purchasing intention, mainstream prices for Chinese PrNd oxide stay at RMB385,000-390,000/t (USD53,126-53,816/t) D/P today, the same as yesterday. Considering that the demand from the downstream market is difficult to decline in a short term, insiders reckon that prices for Chinese PrNd oxide would hover at the current level in the coming two days.
A producer in Jiangxi revealed that they offer RMB391,000/t (USD53,954/t) D/P for PrNd oxide today and can consider selling at prices no lower than RMB390,000/t (USD53,816/t). However, no deals have been closed. "We sold 10t at RMB391,000/t (USD53,954/t) yesterday. We have just guaranteed no losses on production at current prices, so we would rather hold stock than ship at a reduced price," the producer said, predicting that prices for PrNd oxide would keep relatively stable at current level.
With an annual production capacity of 700t, the producer produced about 55t last month and expects to produce the same volume this month. They hold about 20t of stocks now.
A trader in Jiangxi disclosed that they offer RMB390,000/t (USD53,816/t) D/P for PrNd oxide today and refuse any counteroffers. They have not closed deals by far while business competitors have closed deals at RMB390,000/t (USD53,816/t). "I also offered RMB390,000/t (USD53,816/t) D/P yesterday, and finally sold around 2t at RMB388,000/t (USD53,540/t) and RMB390,000/t (USD53,816/t) respectively," the trader said, anticipating that prices for PrNd oxide would keep relatively steady in the following days.
With a monthly trade volume of 20t, the trader sold 20t last month and expects to sell the same volume this month. They hold about 10t of stocks now.
A producer in Jiangxi revealed that they offer RMB391,000/t (USD53,954/t) D/P for PrNd oxide today and can consider selling at prices no lower than RMB390,000/t (USD53,816/t). However, no deals have been closed. "We sold 10t at RMB391,000/t (USD53,954/t) yesterday. We have just guaranteed no losses on production at current prices, so we would rather hold stock than ship at a reduced price," the producer said, predicting that prices for PrNd oxide would keep relatively stable at current level.
With an annual production capacity of 700t, the producer produced about 55t last month and expects to produce the same volume this month. They hold about 20t of stocks now.
A trader in Jiangxi disclosed that they offer RMB390,000/t (USD53,816/t) D/P for PrNd oxide today and refuse any counteroffers. They have not closed deals by far while business competitors have closed deals at RMB390,000/t (USD53,816/t). "I also offered RMB390,000/t (USD53,816/t) D/P yesterday, and finally sold around 2t at RMB388,000/t (USD53,540/t) and RMB390,000/t (USD53,816/t) respectively," the trader said, anticipating that prices for PrNd oxide would keep relatively steady in the following days.
With a monthly trade volume of 20t, the trader sold 20t last month and expects to sell the same volume this month. They hold about 10t of stocks now.
