The price of Cerium Oxide remains consistently low
May 4, 20 - Due to weak demand, the current market prices for ceria 99,9% min on the Russian market are around USD 2,5-2,6 / kg cif Russia, with little change compared to last week. Because of the fixed cost, suppliers prefer to watch the market instead of lowering prices. Insiders predict that cerium oxide 99,9% min prices in Russia will remain stable in the coming week.
A Russian trader announced that he is currently still calling around 2,7 USD / kg CIF Russia for cerium oxide 99,9% min and could offer the material to regular end users at a price of at least 2,5 USD / kg for sale that would buy no less than five tons, unchanged from its low a week ago. "Delayed by the COVID-19 outbreak, our customers are delaying 99,9% min purchase of ceria and are having a hard time doing deals," the trader said, adding that he had no inquiries over the past week, like the previous week have received. However, he has no intention of lowering cerium oxide 99,9% min prices due to its constant cost, and he predicts that the Russian cerium oxide 99,9% min market will continue to have stable prices for the coming week. He last sold five tons of cerium oxide 2,5% min at the end of March at a price of around 99,9 USD / kg, without the price having changed significantly compared to his previous sale for five tons at the end of February.
With a typical monthly trading volume of five tons, the sales volume of the cerium oxide trader reached 99,9% min in 2019 and so far this year around 50t and 18t respectively. He sold five tons of the material in March, but was unable to do business in April. He now has a stock of around 10t, almost unchanged material volume.
Another Russian trader said he is holding the cerium oxide 99,9% min listing stable at around $ 2,7 / kg CIF Russia and would accept sales to regular end users at around $ 2,6 / kg for the time being, which is what the lowest price he could accept a week ago. He has not received any cerium oxide 99,9% min inquiries for the past month and a half, while he usually received one inquiry per month every month before the spread of COVID-19. "Although customer demand is weak, the dealer plans to stock 99,9% min of cerium for the coming week due to the cost of his company, rather than cutting prices," said the dealer, who predicts the Cerium oxide 99,9% min prices in Russia in the coming week will remain at current levels. Most recently, he sold one ton of ceria 2020% min in mid-March 99,9 at a price of 2,6 USD / kg, which was the same as the previous sale price of two tons at the end of December 2019.
The dealer, with a typical monthly trading volume of two tons, sold about 15 tons last year and only one ton of cerium oxide 99,9% min so far this year. In April, he continued to make no trades. He currently has about two tons of inventory, with unchanged MOM.
