Chinese neodymium oxide price to keep dropping

BEIJING (Asian Metal) 19 Aug 15 - Current neodymium oxide 99.5%min prices went down by around 8% from those of late July to RMB225,000-230,000/t (USD35,211-35,994/t) by cash payment.Asian Metal Copyright "Our plant has begun overhaul since late July and will resume production in late August,” added the producer, whose annual production capacity of neodymium oxide 99.Asian Metal Copyright The market witnesses few inquiries and reducing deals.Asian Metal Copyright He holds an inventory of around 30 tons now.Asian Metal Copyright Suppliers have difficulty in making deals and lack confidence in the market in the coming days.Asian Metal CopyrightBEIJING Asian Metal 19 Aug 15 - Current neodymium oxide 99.Asian Metal Copyright It is predicted that the price will slide a bit in the coming two weeks.

“I sold around 10 tons of neodymium oxide 99.5%min at around RMB225,000/t (USD35,211/t) by cash payment early this week.Asian Metal Copyright5%min prices went down by around 8% from those of late July to RMB225,000-230,000t USD35,211-35,994t by cash payment.Asian Metal Copyright Neodymium oxide demand remains poor and the majority of buyers are not interested in making purchases.Asian Metal Copyright The market witnesses few inquiries and reducing deals.Asian Metal Copyright We can only make deals with few regular clients now.Asian Metal Copyright5%min prices went down by around 8% from those of late July to RMB225,000-230,000t USD35,211-35,994t by cash payment.Asian Metal Copyright As the demand shows no signs of rebounding, I think the price will drop further in the coming two weeks,” said a producer in South China.

The producer, whose annual production capacity of neodymium oxide is 300 tons, has produced around 20 tons of the material per month so far this year as a result of persistently poor demand. He holds an inventory of around 30 tons now.

"As far as I know, neodymium oxide 99.5%min prices declined to RMB225,000-230,000/t (USD35,211-35,994/t) by cash payment, down by around RMB19,000/t (USD2,973/t) from those of late July.Asian Metal Copyright5%min prices went down by around 8% from those of late July to RMB225,000-230,000t USD35,211-35,994t by cash payment.Asian Metal Copyright To be honest, I lack confidence in the market in the coming days, but we are not going to sell the material within this week at current price level owing to stable production cost.Asian Metal Copyright As the demand shows no signs of rebounding, I think the price will drop further in the coming two weeks,” said a producer in South China.Asian Metal Copyright We will accept price declines if the price keep going down next week, ” said another producer in South China.

"Our plant has begun overhaul since late July and will resume production in late August,” added the producer, whose annual production capacity of neodymium oxide 99.5%min is around 250 tons.Asian Metal Copyright5%min prices declined to RMB225,000-230,000t USD35,211-35,994t by cash payment, down by around RMB19,000t USD2,973t from those of late July.Asian Metal Copyright The plant produced about 15 tons of the material in July and has continued to halt production so far in August.Asian Metal Copyright "As far as I know, neodymium oxide 99.Asian Metal Copyright The producer has around 60 tons of stock at the moment.Asian Metal Copyright "Our plant has begun overhaul since late July and will resume production in late August,” added the producer, whose annual production capacity of neodymium oxide 99.Asian Metal Copyright