For the Quarter Ending September 2024
North America
The third quarter of 2024 for Cerium Metal pricing in North America has been characterized by a downward trend, with significant factors influencing market prices. Additionally, the market has experienced a decrease compared to the same quarter last year, reflecting challenges in supply and demand dynamics. Moreover, A key driver of this decline has been oversupply, exacerbated by global economic uncertainties and regulatory changes impacting trade flows.
In Mexico, which has seen the most substantial price changes, the market has been volatile due to newly imposed tariffs and disruptions in supply chains. Furthermore, seasonal factors and the implementation of tariffs have led to price fluctuations. The correlation in price changes between the first and second half of the quarter, indicates a sustained downward trajectory. Conversely, demand is notably low, primarily due to challenges in the automotive sector, a key consumer of Cerium Metal products.
Moreover, the latest quarter-ending price underscores the negative pricing environment, reflecting a challenging period marked by uncertainties and market instability. The quarter-ending price for Cerium Metal CFR San Diego (USA) stood at USD 4000/MT.
APAC
In Q3 2024, the Cerium Metal market in the APAC Region saw a notable increase in prices, driven by various factors shaping the market dynamics. Additionally, supply stability, influenced by factors like increased production levels and external market conditions, played a crucial role in the price uptick. Moreover, Demand conditions were moderate, with challenges stemming from economic uncertainties and fluctuating consumer sentiment within the region.
Moreover China, being a significant player, experienced the most substantial price changes, with a bullish trend observed in the market. Additionally, the quarter showcased a positive correlation between supply adjustments and price movements, with minor fluctuations between the first and second halves of the quarter. Despite a slight dip from the previous quarter, the overall trend was upward, reflecting a resilient pricing environment due to supply constraint and increase in demand.
The quarter-ending of Cerium Metal in China solidified the positive trajectory witnessed throughout the quarter. Furthermore, notable disruptions included logistical challenges and supply chain adjustments, impacting market dynamics. The quarter-ending price for Cerium Metal FOB Shanghai (China) stood at USD 3820/MT.
Europe
In Q3 2024, the Europe Region's Cerium Metal pricing remained stable, reflecting a balanced market influenced by various factors. The region experienced consistent pricing due to a harmonious interplay of supply and demand dynamics. Factors such as stable raw material costs, steady economic conditions, and balanced global trade contributed to the overall stable pricing environment. Despite challenges in certain sectors, the market-maintained equilibrium.
Furthermore, Germany witnessed notable price changes, with a decrease from the previous quarter in 2024. This fluctuation can be attributed to specific market conditions within the country, such as shifts in supply and demand patterns. However, when comparing the first and second half of the quarter, prices remained consistent, indicating a level pricing trend. Moreover, suppliers are struggling to manage inventory levels amidst uncertainty, with a need for significant adjustments to navigate the current economic downturn.
The latest quarter-ending price for Cerium Metal in Germany, reflecting the stable pricing sentiment prevalent in the region during Q3 2024.
