Chinese cerium oxide prices level off
2024-04-18 09:55:21 [Print]
BEIJING (Asian Metal) 18 Apr 24 - In the past two days, upstream and downstream players concluded steady deals, and today mainstream prices for Chinese cerium oxide 99.9%min hover at RMB7,300-7,600/t (USD1,009-1,050/t) Inc-VAT EXW D/P, unchanged from two days ago. In view of high production cost, it is hard for suppliers to lower prices, so insiders believe that prices for Chinese cerium oxide would continue to hover at the current level in the following days.
A producer in Inner Mongolia revealed that they offered RMB7,500/t (USD1,036/t) Inc-VAT EXW D/P for cerium oxide 99.9%min today with no lower prices to be accepted. "I concluded a few deals this week with selling prices staying at RMB7,500/t (USD1,036/t) D/P, and each order was of over ten tons," the source said, believing that prices for Chinese cerium oxide would continue to stabilize in the coming days.
With an annual production capacity of 3,000t of cerium oxide 99.9%min, the producer produced about 200t last month and expects to have a similar output this month.
A trader in Shandong revealed that they offered RMB7,500/t (USD1,036/t) Inc-VAT EXW D/P for cerium oxide 99.9%min today and could sell the material at no lower than RMB7,300/t (USD1,009/t). "This week I concluded orders every day. In view of different order volumes, my selling prices stayed in the range of RMB7,300-7,500/t (USD1,009-1,036/t), and my sales this month are much higher than last month," the source said, adding that last month when prices just moved up, most downstream buyers were inclined to wait on the sidelines, while now prices are stabilizing and downstream consumers show growing interest in making purchases. He believed that prices for Chinese cerium oxide would continue to hover at the current level in the following days.
The trader has a typical trading volume of 150t of cerium oxide 99.9%min and sold about 100t last month.
A producer in Inner Mongolia revealed that they offered RMB7,500/t (USD1,036/t) Inc-VAT EXW D/P for cerium oxide 99.9%min today with no lower prices to be accepted. "I concluded a few deals this week with selling prices staying at RMB7,500/t (USD1,036/t) D/P, and each order was of over ten tons," the source said, believing that prices for Chinese cerium oxide would continue to stabilize in the coming days.
With an annual production capacity of 3,000t of cerium oxide 99.9%min, the producer produced about 200t last month and expects to have a similar output this month.
A trader in Shandong revealed that they offered RMB7,500/t (USD1,036/t) Inc-VAT EXW D/P for cerium oxide 99.9%min today and could sell the material at no lower than RMB7,300/t (USD1,009/t). "This week I concluded orders every day. In view of different order volumes, my selling prices stayed in the range of RMB7,300-7,500/t (USD1,009-1,036/t), and my sales this month are much higher than last month," the source said, adding that last month when prices just moved up, most downstream buyers were inclined to wait on the sidelines, while now prices are stabilizing and downstream consumers show growing interest in making purchases. He believed that prices for Chinese cerium oxide would continue to hover at the current level in the following days.
The trader has a typical trading volume of 150t of cerium oxide 99.9%min and sold about 100t last month.
