Chinese PrNd oxide prices stay firm
2024-04-29 10:05:21 [Print]
BEIJING (Asian Metal) 29 Apr 24 - In view of steady sales, suppliers have no intention to adjust their prices. Today mainstream prices for Chinese PrNd oxide continue to stay unchanged from early last week at RMB400,000-405,000/t (USD55,200-55,890/t). Despite limited stocks, most suppliers are inclined to keep their prices firm, so insiders believe that Chinese PrNd oxide prices would hover at the current level in the coming days.
A producer in Shandong revealed that today he quoted PrNd oxide at RMB403,000/t (USD55,614/t) EXW D/P and could sell at no lower than RMB402,000/t (USD55,476/t). Today he sold 10t at RMB402,000/t (USD55,476/t). "Last Friday we quoted PrNd oxide also at RMB403,000/t (USD55,614/t) EXW D/P and sold 8t at RMB402,000/t (USD55,476/t) at that time," the producer said, adding that current PrNd oxide prices still belong to a low level from a historical perspective, so he is optimistic about the market outlook, but he expects Chinese PrNd oxide prices to stabilize in the following two days.
With an annual production capacity of 7,200t of PrNd oxide, the producer produced around 300t last month and expects to have an output of 300t this month, holding around 100t of stocks now.
A producer in Guangdong revealed that today he planned to sell PrNd oxide at RMB404,000/t (USD55,752/t) EXW D/P. "Today there was a client who intended to buy the material at RMB403,000/t (USD55,614/t) D/P, but we refused to sell as last Friday we already sold about 20t at RMB404,000/t (USD55,752/t)," the producer said, adding that now downstream clients are active in making purchases while he holds limited stocks, so he has no intention to adjust his price. He believed that Chinese PrNd oxide prices would hover at the current level in the following days.
With an annual production capacity of 1,800t of PrNd oxide, the producer produced around 120t last month and expects to have an output of 120t this month, holding around 60t of stocks now.
A producer in Shandong revealed that today he quoted PrNd oxide at RMB403,000/t (USD55,614/t) EXW D/P and could sell at no lower than RMB402,000/t (USD55,476/t). Today he sold 10t at RMB402,000/t (USD55,476/t). "Last Friday we quoted PrNd oxide also at RMB403,000/t (USD55,614/t) EXW D/P and sold 8t at RMB402,000/t (USD55,476/t) at that time," the producer said, adding that current PrNd oxide prices still belong to a low level from a historical perspective, so he is optimistic about the market outlook, but he expects Chinese PrNd oxide prices to stabilize in the following two days.
With an annual production capacity of 7,200t of PrNd oxide, the producer produced around 300t last month and expects to have an output of 300t this month, holding around 100t of stocks now.
A producer in Guangdong revealed that today he planned to sell PrNd oxide at RMB404,000/t (USD55,752/t) EXW D/P. "Today there was a client who intended to buy the material at RMB403,000/t (USD55,614/t) D/P, but we refused to sell as last Friday we already sold about 20t at RMB404,000/t (USD55,752/t)," the producer said, adding that now downstream clients are active in making purchases while he holds limited stocks, so he has no intention to adjust his price. He believed that Chinese PrNd oxide prices would hover at the current level in the following days.
With an annual production capacity of 1,800t of PrNd oxide, the producer produced around 120t last month and expects to have an output of 120t this month, holding around 60t of stocks now.
