Chinese ferroholmium market witnesses increasing prices
2016-03-11 10:03:36 [Print]
BEIJING (Asian Metal) 11 Mar 16 - Following with the rising trend of holmium oxide 99.5%min price, ferroholmium 80%min market witnessed increasing price. Current market prices rose to RMB258-260/kg (USD39.6-39.9/kg) by acceptance payment, up by around RMB2-3/kg (USD0.3-0.5/kg) compared with those of two weeks ago. As the market supply is still tight at the moment, participants predicted that ferroholmium 80%min price will still on the rise in the coming week.
A producer in South China disclosed that current ferroholmium 80%min price rose by around RMB2/kg (USD0.3/kg) from that of two weeks ago to current RMB260/kg (USD39.9/kg) with a payment term of one month. He disclosed that he sold around 1 ton of the material at RMB260/kg (USD39.9/kg) by acceptance payment in early this week. He said that market demand keeps relatively stable, and suppliers’ offers rise up a bit due to tight supply. He believed that suppliers will continue to raise their offers in the coming week.
The producer, whose annual production capacity of ferroholmium 80%min is around 70 tons, usually produces about 5 tons of the material per month. He disclosed that he only produced around 3 tons of the material after the Spring Festival as it is hard for him to purchase holmium oxide 99.5%min at low prices. He said he still has around 2 tons of stocks now.
A consumer in South China disclosed that current ferrodysprium 80%min market is more active now, and he purchased around 1 ton of the material at around RMB258/kg (USD39.6/kg) with a payment term of one month in late February, with a rise of RMB3/kg (USD0.5/kg) compared with that before the Spring Festival. He said he still purchases for immediate use at the moment. As the market supply of holmium oxide 99.5%min is tight, he is of the opinion that ferroholmium 80%min price will continue to rise a bit in the coming week.
The consumer, whose annual consumption capacity of ferroholmium 80%min is around 15 tons, usually consumes around 1 ton of the material per month. He said that he consumes around 500kg of the material to produce around 30 tons of sintered NdFeB magnet in February. He still has around 1 ton of stock at the moment.
A producer in South China disclosed that current ferroholmium 80%min price rose by around RMB2/kg (USD0.3/kg) from that of two weeks ago to current RMB260/kg (USD39.9/kg) with a payment term of one month. He disclosed that he sold around 1 ton of the material at RMB260/kg (USD39.9/kg) by acceptance payment in early this week. He said that market demand keeps relatively stable, and suppliers’ offers rise up a bit due to tight supply. He believed that suppliers will continue to raise their offers in the coming week.
The producer, whose annual production capacity of ferroholmium 80%min is around 70 tons, usually produces about 5 tons of the material per month. He disclosed that he only produced around 3 tons of the material after the Spring Festival as it is hard for him to purchase holmium oxide 99.5%min at low prices. He said he still has around 2 tons of stocks now.
A consumer in South China disclosed that current ferrodysprium 80%min market is more active now, and he purchased around 1 ton of the material at around RMB258/kg (USD39.6/kg) with a payment term of one month in late February, with a rise of RMB3/kg (USD0.5/kg) compared with that before the Spring Festival. He said he still purchases for immediate use at the moment. As the market supply of holmium oxide 99.5%min is tight, he is of the opinion that ferroholmium 80%min price will continue to rise a bit in the coming week.
The consumer, whose annual consumption capacity of ferroholmium 80%min is around 15 tons, usually consumes around 1 ton of the material per month. He said that he consumes around 500kg of the material to produce around 30 tons of sintered NdFeB magnet in February. He still has around 1 ton of stock at the moment.
