Chinese PrNd mischmetal market sees firm prices
2024-04-29 11:04:12 [Print]
BEIJING (Asian Metal) 29 Apr 24 - Supported by firm PrNd oxide prices, today Chinese PrNd mischmetal mainstream prices stay firm at RMB497,000-502,000/t (USD68,586-69,276/t) EXW T/T 30 days, unchanged from last Friday
A producer in Jiangxi disclosed that today he quoted PrNd mischmetal at RMB502,000/t (USD69,276/t) EXW T/T 30 days and considered to sell at no lower than RMB500,000/t (USD69,000/t) D/P, but he made no sales yet. "Last Friday we sold 15t at RMB500,000/t (USD69,000/t) EXW T/T 30 days . As we hold limited stocks now, we will cling to our current price," the producer said, believing that PrNd mischmetal prices would hover at the current level in the coming days as PrNd oxide prices are expected to stay unchanged from the current level.
The producer, on basis of an annual production capacity of 6,000t of PrNd mischmetal, produced about 380t last month and expects to keep a similar output this month, holding about 80t of stocks now.
Another producer in Jiangxi said, "Today we quote PrNd mischmetal at RMB503,000/t (USD69,414/t) EXW T/T 30 days and can accept a concession of RMB3,000/t (USD414/t) at most, but we received no enquiries today." The producer added that last Friday they sold 10t at RMB500,000/t (USD69,000/t) T/T 90 days and now he has no intention to lower his price as his stocks are limited while he is unable to purchases PrNd oxide at lower prices . He believed that PrNd mischmetal prices would stabilize in the coming days.
The producer, on basis of an annual production capacity of 8,500t of PrNd mischmetal, expects to produce about 450t this month and holds about 100t of stocks now.
. As suppliers cling to their prices owing to limited stocks, insiders believe that Chinese PrNd mischmetal prices would remain stable on the whole by the end of this month.
A producer in Jiangxi disclosed that today he quoted PrNd mischmetal at RMB502,000/t (USD69,276/t) EXW T/T 30 days and considered to sell at no lower than RMB500,000/t (USD69,000/t) D/P, but he made no sales yet. "Last Friday we sold 15t at RMB500,000/t (USD69,000/t) EXW T/T 30 days . As we hold limited stocks now, we will cling to our current price," the producer said, believing that PrNd mischmetal prices would hover at the current level in the coming days as PrNd oxide prices are expected to stay unchanged from the current level.
The producer, on basis of an annual production capacity of 6,000t of PrNd mischmetal, produced about 380t last month and expects to keep a similar output this month, holding about 80t of stocks now.
Another producer in Jiangxi said, "Today we quote PrNd mischmetal at RMB503,000/t (USD69,414/t) EXW T/T 30 days and can accept a concession of RMB3,000/t (USD414/t) at most, but we received no enquiries today." The producer added that last Friday they sold 10t at RMB500,000/t (USD69,000/t) T/T 90 days and now he has no intention to lower his price as his stocks are limited while he is unable to purchases PrNd oxide at lower prices . He believed that PrNd mischmetal prices would stabilize in the coming days.
The producer, on basis of an annual production capacity of 8,500t of PrNd mischmetal, expects to produce about 450t this month and holds about 100t of stocks now.