Chinese cerium oxide prices move up
2024-03-06 08:30:14 [Print]
BEIJING (Asian Metal) 6 Mar 24 - Chinese cerium oxide 99.9%min suppliers didn't face stock pressure and held lifted prices over the past week. Therefore, the current Chinese cerium oxide 99.9%min mainstream prices increased to RMB7,100-7,400/t (USD986-1,028/t) EXW D/P, up by around RMB400/t (USD56/t) from one week ago. Suppliers planned to hold prices firm, insiders forecasted that the Chinese cerium oxide 99.9%min mainstream prices would level off in the coming week.
A producer in South China revealed that he lifted cerium oxide 99.9%min quotation to about RMB7,600/t (USD1,056/t) EXW D/P and had intention to sell at prices not lower than RMB7,400/t (USD1,028/t) this Tuesday, while he considered selling at around RMB7,000/t (USD972/t) one week ago. He concluded his latest deal the day before yesterday, when he sold 30t at around RMB7,400/t (USD1,028/t). "I don't hold cerium oxide 99.9%min stocks but face difficulty in lifting prices further and plan to hold prices steady in the coming week," said the producer, who predicted that the Chinese cerium oxide 99.9%min market would witness firm prices in the coming week.
The producer, with an annual production capacity of 11,000t of cerium oxide 99.9%min, produced about 1,900t so far in 2024, compared with approximately 9,600t in 2023. He estimated an output of around 900t in March, without much change MoM. He doesn't have stock at present, unchanged MoM.
A consumer in South China disclosed that his regular cerium oxide 99.9%min suppliers quoted about RMB7,500/t (USD1,042/t) EXW D/P for him today. Based on his experience, he could replenish stocks at around RMB7,300/t (USD1,014/t) now, while he could buy at about RMB6,900/t (USD958/t) one week ago. "I last bought 60t at around RMB6,900/t (USD958/t) at the end of February," said the consumer, who had to accept price increase if they would replenish inventories now as suppliers play dominate roles but he decided to held a wait-and-see attitude in the coming week. He forecasted that the Chinese cerium oxide 99.9%min mainstream prices would hover at current levels in the coming week.
With an annual consumption capacity of 480t of cerium oxide 99.9%min, the consumer expected to use around 30t this month, without much change MoM. He consumed about 70t so far this year, compared with approximately 270t last year. He has about 50t of stocks at the moment, compared with no inventory one month ago.
A producer in South China revealed that he lifted cerium oxide 99.9%min quotation to about RMB7,600/t (USD1,056/t) EXW D/P and had intention to sell at prices not lower than RMB7,400/t (USD1,028/t) this Tuesday, while he considered selling at around RMB7,000/t (USD972/t) one week ago. He concluded his latest deal the day before yesterday, when he sold 30t at around RMB7,400/t (USD1,028/t). "I don't hold cerium oxide 99.9%min stocks but face difficulty in lifting prices further and plan to hold prices steady in the coming week," said the producer, who predicted that the Chinese cerium oxide 99.9%min market would witness firm prices in the coming week.
The producer, with an annual production capacity of 11,000t of cerium oxide 99.9%min, produced about 1,900t so far in 2024, compared with approximately 9,600t in 2023. He estimated an output of around 900t in March, without much change MoM. He doesn't have stock at present, unchanged MoM.
A consumer in South China disclosed that his regular cerium oxide 99.9%min suppliers quoted about RMB7,500/t (USD1,042/t) EXW D/P for him today. Based on his experience, he could replenish stocks at around RMB7,300/t (USD1,014/t) now, while he could buy at about RMB6,900/t (USD958/t) one week ago. "I last bought 60t at around RMB6,900/t (USD958/t) at the end of February," said the consumer, who had to accept price increase if they would replenish inventories now as suppliers play dominate roles but he decided to held a wait-and-see attitude in the coming week. He forecasted that the Chinese cerium oxide 99.9%min mainstream prices would hover at current levels in the coming week.
With an annual consumption capacity of 480t of cerium oxide 99.9%min, the consumer expected to use around 30t this month, without much change MoM. He consumed about 70t so far this year, compared with approximately 270t last year. He has about 50t of stocks at the moment, compared with no inventory one month ago.
