Chinese ferrodysprosium prices still on the decline
2015-03-31 09:27:47 [Print]
BEIJING (Asian Metal) 31 Mar 15 - Poor demand continues to depress ferrodysprosium 80%min market. The prices still decline to RMB1,750-1,800/kg (USD280-288/kg), down by around RMB150/kg (USD24/kg) from those of two weeks ago
According to a source from a smelter in South China, ferrodysprosium 80%min market still witnesses slow buying activities and sliding prices this week. She puts current prices at RMB1,750-1,800/kg (USD280-288/kg), with a decrement of around RMB150/kg (USD24/kg) from half a month ago . “Ferrodysprosium 80%min prices have kept sliding recently and buyers delay making purchases,” claimed the source, who also claimed that it is hard for them to conclude transactions at present.
The source, whose plant usually produces around 10 tons of ferrodysprosium 80%min per month, also disclosed to Asian Metal that she is going to reduce stocks at current price levels but the market sees few inquiries for the time being. She is pessimistic about the market in the near term.
A source from a NdFeB magnet plant in North China also expressed dropping prices in ferrodysprosium 80%min market. The source also conveyed that he purchased around 500kg of the material at RMB1,900/kg (USD304/kg) in early last week, but current price goes down to around RMB1,750/kg (USD280/kg) . The source purchase ferrodysprosium 80%min weekly in order to avoid losses caused by further price declines.
With a monthly consumption of around two tons of ferrodysprosium 80%min, the source also shared with Asian Metal that he is of opinion that the sluggish demand will depress ferrodysprosium 80%min prices to slide to RMB1,400-1,500/kg (USD224-240/kg) if both the national storage and resource tax policies cannot be came into effect. So the plant almost doesn’t have ferrodysprosium 80%min inventories at hand now.
. Purchasers hold wait-and-see attitudes and it is hard for suppliers to make deals, and they lack confidence in the market in the near term and believe the prices will continue to drop if no driving policies are carried out in the near term.According to a source from a smelter in South China, ferrodysprosium 80%min market still witnesses slow buying activities and sliding prices this week. She puts current prices at RMB1,750-1,800/kg (USD280-288/kg), with a decrement of around RMB150/kg (USD24/kg) from half a month ago . “Ferrodysprosium 80%min prices have kept sliding recently and buyers delay making purchases,” claimed the source, who also claimed that it is hard for them to conclude transactions at present.
The source, whose plant usually produces around 10 tons of ferrodysprosium 80%min per month, also disclosed to Asian Metal that she is going to reduce stocks at current price levels but the market sees few inquiries for the time being. She is pessimistic about the market in the near term.
A source from a NdFeB magnet plant in North China also expressed dropping prices in ferrodysprosium 80%min market. The source also conveyed that he purchased around 500kg of the material at RMB1,900/kg (USD304/kg) in early last week, but current price goes down to around RMB1,750/kg (USD280/kg) . The source purchase ferrodysprosium 80%min weekly in order to avoid losses caused by further price declines.
With a monthly consumption of around two tons of ferrodysprosium 80%min, the source also shared with Asian Metal that he is of opinion that the sluggish demand will depress ferrodysprosium 80%min prices to slide to RMB1,400-1,500/kg (USD224-240/kg) if both the national storage and resource tax policies cannot be came into effect. So the plant almost doesn’t have ferrodysprosium 80%min inventories at hand now.