Yiwu Chaori's bonded magnet powder output to decrease
2023-04-28 08:05:16 [Print]
BEIJING (Asian Metal) 28 Apr 23 - Yiwu Chaori Technology Co., a new and major bonded magnetic powder producer in Zhejiang province, China, would produce around 20t of bonded magnetic powder in April 2023, down by around 20t MoM.
"On account of softened orders from our clients, we would produce only around 20t of bonded magnetic powder this month, while our output in March recorded approximately 40t," said a source from the company.
Founded in 2022, Yiwu Chaori Technology Co. focuses on the production and sales of bonded magnetic powder with (BH) max performance lower than 13.0 MGOe. With an annual production capacity of 1,000t of bonded magnetic powder, it produced approximately 172t and 90t respectively in 2022 and so far in 2023. It holds an inventory of about 10t now, without much change MoM.
The current bonded magnetic powder B-10.5M mainstream prices in Jinhua, Zhejiang province dropped to RMB120-130/kg (USD17.3-18.8/kg) EXW T/T 60 days at present, down by around RMB10/kg (USD1.4/kg) from one week ago.
"On account of softened orders from our clients, we would produce only around 20t of bonded magnetic powder this month, while our output in March recorded approximately 40t," said a source from the company.
Founded in 2022, Yiwu Chaori Technology Co. focuses on the production and sales of bonded magnetic powder with (BH) max performance lower than 13.0 MGOe. With an annual production capacity of 1,000t of bonded magnetic powder, it produced approximately 172t and 90t respectively in 2022 and so far in 2023. It holds an inventory of about 10t now, without much change MoM.
The current bonded magnetic powder B-10.5M mainstream prices in Jinhua, Zhejiang province dropped to RMB120-130/kg (USD17.3-18.8/kg) EXW T/T 60 days at present, down by around RMB10/kg (USD1.4/kg) from one week ago.
