Chinese cerium oxide suppliers hold prices firm
2024-04-25 08:12:58 [Print]
BEIJING (Asian Metal) 25 Apr 24 - Chinese cerium oxide 99.9%min suppliers preferred to hold stocks rather than mark down prices over the past week. Therefore, the current Chinese cerium oxide 99.9%min mainstream prices hover at RMB7,300-7,600/t (USD1,007-1,049/t) EXW D/P, in line with one week ago. Consumers still have no intention to purchase in bulk. Given that suppliers still refuse to lower prices, insiders predict that the Chinese cerium oxide 99.9%min mainstream prices would keep standing at current levels in the coming week.
A trader in Sichuan province discloses that they hold cerium oxide 99.9%min quotation firm at about RMB7,500/t (USD1,035/t) EXW D/P for cerium oxide 99.9%min and refuse to sell at prices below RMB7,400/t (USD1,021/t) now, without much change from one week ago. "I last sold 60t at around RMB7,400/t (USD1,021/t) early this week," said the trader, who complains about low profits and prefers to hold inventory rather than mark down prices. Given that suppliers refuse to mark down prices, insiders forecast that the Chinese cerium oxide 99.9%min mainstream prices would keep standing at current levels in the forthcoming week.
With a typical monthly trading volume of around 90t of cerium oxide 99.9%min, the trader's sales volumes in 2023 and so far in 2024 records at about 1,000t and 300t respectively. He estimates to sell around 100t in April, without much change MoM. He holds an inventory of around 60t now, in line with late March.
A consumer in South China claims that his regular cerium oxide 99.9%min suppliers still quote about RMB7,500/t (USD1,035/t) EXW D/P for him at present. Based on his experience, he could replenish stocks at around RMB7,400/t (USD1,021/t) now, the same as one week ago. "I sent an inquiry of 60t of cerium oxide 99.9%min this Monday and got quotation of around RMB7,500/t (USD/t). According to my experience, I could buy at around RMB7,400/t (USD1,021/t). I tried to buy at around RMB7,200/t (USD994/t) but failed and postponed procurements," said the consumer, who couldn't bargain for cheaper prices from suppliers and predicts that the Chinese cerium oxide 99.9%min market would witness further steady prices in the coming week.
The consumer, on basis of an annual consumption capacity of 480t of cerium oxide 99.9%min, estimates to use around 30t in April, without much change MoM. His consumption volume so far this year recorded about 30t, unchanged MoM. He has around 30t of stocks at present, the same as one month ago.
A trader in Sichuan province discloses that they hold cerium oxide 99.9%min quotation firm at about RMB7,500/t (USD1,035/t) EXW D/P for cerium oxide 99.9%min and refuse to sell at prices below RMB7,400/t (USD1,021/t) now, without much change from one week ago. "I last sold 60t at around RMB7,400/t (USD1,021/t) early this week," said the trader, who complains about low profits and prefers to hold inventory rather than mark down prices. Given that suppliers refuse to mark down prices, insiders forecast that the Chinese cerium oxide 99.9%min mainstream prices would keep standing at current levels in the forthcoming week.
With a typical monthly trading volume of around 90t of cerium oxide 99.9%min, the trader's sales volumes in 2023 and so far in 2024 records at about 1,000t and 300t respectively. He estimates to sell around 100t in April, without much change MoM. He holds an inventory of around 60t now, in line with late March.
A consumer in South China claims that his regular cerium oxide 99.9%min suppliers still quote about RMB7,500/t (USD1,035/t) EXW D/P for him at present. Based on his experience, he could replenish stocks at around RMB7,400/t (USD1,021/t) now, the same as one week ago. "I sent an inquiry of 60t of cerium oxide 99.9%min this Monday and got quotation of around RMB7,500/t (USD/t). According to my experience, I could buy at around RMB7,400/t (USD1,021/t). I tried to buy at around RMB7,200/t (USD994/t) but failed and postponed procurements," said the consumer, who couldn't bargain for cheaper prices from suppliers and predicts that the Chinese cerium oxide 99.9%min market would witness further steady prices in the coming week.
The consumer, on basis of an annual consumption capacity of 480t of cerium oxide 99.9%min, estimates to use around 30t in April, without much change MoM. His consumption volume so far this year recorded about 30t, unchanged MoM. He has around 30t of stocks at present, the same as one month ago.
