Chinese gadolinium oxide price flattens out
2017-06-29 09:06:02 [Print]
BEIJING (Asian Metal) 29 Jun 17 - The Chinese gadolinium oxide 99.5%min market went flat over the past week. Current mainstream prices of gadolinium oxide 99.5%min still hover at RMB80,000-80,500/t (USD11,747-11,820/t) D/P, unchanged from last week. Consumers still purchase the raw material for immediate use this week. Insiders predict that gadolinium oxide 99.5%min price will show stable trend in the coming week.
A producer in South China disclosed that the gadolinium oxide 99.9%min market witnessed flat price trend and kept relatively quiet over the past week. “The gadolinium oxide 99.5%min price stands at RMB80,000/t (USD11,747/t) now, the same as late last week. I sold around 5 tonnes of the material at RMB79,500/t (USD11,674/t) one week ago,” said the producer, adding that the downstream demand softens as magnet producers prefer to use cerium metal 99%min rather than ferrogadolinium 73%. He believes that the price will not change much in the coming week.
The producer, whose annual production capacity of gadolinium oxide 99.5%min is around 100 tonnes, produced around 4 tonnes of the material in June through separating SmEuGd concentrate. He holds no more than 5 tonnes of stocks at present.
A trader in South China quotes RMB81,000/t (USD11,894/t) for gadolinium oxide 99.5%min now, but he also points out that it is hard for him to conclude deals at this price level. “I received an inquiry of 5 tonnes of gadolinium oxide 99.5%min at RMB80,000/t (USD11,747/t) this week and I intend to conclude the deal at RMB80,500/t (USD11,820/t) in the following week,” said the source, predicting that the price will not fluctuate much in the coming week.
The trader, whose annual trading volume of gadolinium oxide 99.5%min is around 200 tonnes, sold around 20 tonnes of the material so far this month. He still purchases the raw material from regular suppliers and holds around 10 tonnes of gadolinium oxide 99.5%min inventories now.
A producer in South China disclosed that the gadolinium oxide 99.9%min market witnessed flat price trend and kept relatively quiet over the past week. “The gadolinium oxide 99.5%min price stands at RMB80,000/t (USD11,747/t) now, the same as late last week. I sold around 5 tonnes of the material at RMB79,500/t (USD11,674/t) one week ago,” said the producer, adding that the downstream demand softens as magnet producers prefer to use cerium metal 99%min rather than ferrogadolinium 73%. He believes that the price will not change much in the coming week.
The producer, whose annual production capacity of gadolinium oxide 99.5%min is around 100 tonnes, produced around 4 tonnes of the material in June through separating SmEuGd concentrate. He holds no more than 5 tonnes of stocks at present.
A trader in South China quotes RMB81,000/t (USD11,894/t) for gadolinium oxide 99.5%min now, but he also points out that it is hard for him to conclude deals at this price level. “I received an inquiry of 5 tonnes of gadolinium oxide 99.5%min at RMB80,000/t (USD11,747/t) this week and I intend to conclude the deal at RMB80,500/t (USD11,820/t) in the following week,” said the source, predicting that the price will not fluctuate much in the coming week.
The trader, whose annual trading volume of gadolinium oxide 99.5%min is around 200 tonnes, sold around 20 tonnes of the material so far this month. He still purchases the raw material from regular suppliers and holds around 10 tonnes of gadolinium oxide 99.5%min inventories now.
