Overview:Upstream factories were not active in selling today. Most suppliers quoted within the range of 738,000-740,000 yuan/mt. Downstream metal plants remained reluctant to purchase at high prices due to severe losses on raw material costs. Some plants were still inquiring at 735,000 yuan/mt, but no suppliers were willing to sell at that price. Currently, only a small number of traders concluded deals at 738,000 yuan/mt.
Downstream: Today I only heard oxide quotes around 740,000 yuan/mt, and it seems upstream isn't in a hurry to sell
Downstream: High quotes aren't easy to sell. Metal plants are looking for oxide at 735,000 yuan/mt
Trader: There were indeed quotes at 740,000 yuan/mt. Last night capital suddenly pushed up the futures, and no one knows how to analyze it. Today was the last day before the holiday, and everyone had planned to take time off. There are concerns that prices are unsustainable and will drop after the holiday. Maybe the bulls pushed it up to accelerate pre-holiday shipments?
Downstream: I heard Pr-Nd oxide quoted at 740,000 yuan/mt, but deals are hard to make. Metal plants definitely won't buy
Trader: I asked several plants today, and none of them were quoting
Upstream: Today we followed the futures and quoted 740,000 yuan/mt
Upstream: Today's increase is a bit crazy. There's no logic to be found in the capital-driven futures
Downstream: Pr-Nd oxide is quoted at 740,000 yuan/mt, but this price is on the high side and can't be traded
Downstream: I don't know what news drove this. Quotes were all raised today, reportedly to a range of 738,000-740,000 yuan/mt
Downstream: I did hear quotes of 738,000-740,000 yuan/mt, but I didn't hear of anyone buying