Cerium Metal Prices Trend | Pricing | News | Database | Chart | ChemAnalyst
North America
The third quarter of 2024 for Cerium Metal pricing in North America witnessed a pronounced downward trend, driven by several significant market factors. Prices declined compared to the same quarter in 2023, highlighting ongoing challenges in supply and demand dynamics. Oversupply emerged as a primary driver of this decline, exacerbated by global economic uncertainties and regulatory changes affecting trade flows.
In Mexico, where price changes were the most substantial, the market experienced volatility due to newly imposed tariffs and disruptions in supply chains. Seasonal factors, combined with these tariffs, contributed to price fluctuations. The correlation in price changes between the first and second halves of the quarter indicates a sustained downward trajectory. Additionally, demand remained notably low, primarily due to persistent challenges in the automotive sector, a major consumer of Cerium Metal products.
The quarter-ending price underscored the negative pricing environment, reflecting a challenging period of market instability. By the end of the quarter, the Cerium Metal CFR price in San Diego (USA) was recorded at USD 4,000/MT.
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APAC
In Q3 2024, the Cerium Metal market in the APAC region saw a notable increase in prices, influenced by various factors shaping market dynamics. Stable supply conditions, driven by increased production levels and external market forces, played a crucial role in this price rise. Demand was moderate, though economic uncertainties and fluctuating consumer sentiment posed challenges within the region.
China, as a key market player, experienced the most significant price changes, with a bullish trend dominating the quarter. Supply adjustments showed a positive correlation with price movements, with only minor fluctuations between the first and second halves of the quarter. Despite a slight dip compared to the previous quarter, the overall trend was upward, reflecting a resilient pricing environment supported by supply constraints and rising demand.
The quarter-ending price for Cerium Metal FOB Shanghai (China) solidified this positive trajectory, despite logistical challenges and supply chain adjustments impacting market dynamics. By the end of Q3 2024, the price stood at USD 3,820/MT.
Europe
In Q3 2024, Cerium Metal pricing in Europe remained stable, reflecting a balanced market shaped by various factors. Steady raw material costs, stable economic conditions, and balanced global trade contributed to this equilibrium. While certain sectors faced challenges, the overall market maintained its stability.
Germany, however, experienced notable price fluctuations, with a decrease from the previous quarter. These changes were attributed to specific domestic market conditions, including shifts in supply and demand patterns. Despite this, a comparison of prices between the first and second halves of the quarter showed consistency, indicating a relatively stable pricing trend. Suppliers in the region faced difficulties managing inventory levels amidst economic uncertainty, necessitating significant adjustments to navigate the downturn.
The quarter-ending price for Cerium Metal in Germany reflected the stable pricing sentiment in the region during Q3 2024.
Get Real time Prices for Cerium Metal: https://www.chemanalyst.com/Pricing-data/cerium-metal-1597
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