Chinese neodymium oxide price declines slightly further
2016-06-15 08:41:54 [Print]
BEIJING (Asian Metal) 15 Jun 16 - Chinese neodymium oxide 99
A producer in South China disclosed that neodymium oxide 99.5%min market witnessed limited inquiries over the past week . “Current neodymium oxide 99.5%min price is 263,000/t (USD39,970/t) by cash payment now, with a decline of RMB2,000/t (USD304/t) from that of one week ago,” said the producer, who noted that he sold around 10 tons of the material at RMB265,000/t (USD40,274/t) by cash payment one week ago . As the downstream demand weakens, he believed that the neodymium oxide 99 . 5%min price will show downtrend in the coming week.
The separation plant, whose annual production capacity of neodymium oxide 99.5%min is around 600 tons, produced around 25 tons of the material in May . He still holds 30 tons of stocks now.
Another producer in South China claimed that neodymium oxide 99.5%min price slid a bit over the past week . “I have not sold neodymium oxide 99 . 5%min so far this month, and I received an inquiry of 5 tons of neodymium oxide 99.5%min at RMB262,000/t (USD39,818/t) by cash payment this week, with a decrease of RMB2,000/t (USD304/t) from that of last week,” said the producer, conveying that he can secure the sale within this week . Without support from rare earth national storage, he is pessimistic about the market in the following week.
With an annual production capacity of 500 tons of neodymium oxide 99.5%min, the separation plant produced 20 tons of the material in May . He has about 40 tons of stocks now and prefers to sell the material at current price level because of tight cash flow.
. 5%min market witnessed sliding price and slow buying activities over the past week . Current neodymium oxide 99.5%min mainstream prices stay at RMB262,000-263,000/t (USD39,818-39,970/t) by cash payment, down by RMB2,000/t (USD304/t) from those of one week ago . As the first batch of national storage meeting failed to bid, downstream consumers delay purchasing at the moment and insiders are of the opinion that neodymium oxide 99 . 5%min price will continue to slide a bit in the coming week.A producer in South China disclosed that neodymium oxide 99.5%min market witnessed limited inquiries over the past week . “Current neodymium oxide 99.5%min price is 263,000/t (USD39,970/t) by cash payment now, with a decline of RMB2,000/t (USD304/t) from that of one week ago,” said the producer, who noted that he sold around 10 tons of the material at RMB265,000/t (USD40,274/t) by cash payment one week ago . As the downstream demand weakens, he believed that the neodymium oxide 99 . 5%min price will show downtrend in the coming week.
The separation plant, whose annual production capacity of neodymium oxide 99.5%min is around 600 tons, produced around 25 tons of the material in May . He still holds 30 tons of stocks now.
Another producer in South China claimed that neodymium oxide 99.5%min price slid a bit over the past week . “I have not sold neodymium oxide 99 . 5%min so far this month, and I received an inquiry of 5 tons of neodymium oxide 99.5%min at RMB262,000/t (USD39,818/t) by cash payment this week, with a decrease of RMB2,000/t (USD304/t) from that of last week,” said the producer, conveying that he can secure the sale within this week . Without support from rare earth national storage, he is pessimistic about the market in the following week.
With an annual production capacity of 500 tons of neodymium oxide 99.5%min, the separation plant produced 20 tons of the material in May . He has about 40 tons of stocks now and prefers to sell the material at current price level because of tight cash flow.