Chinese rough sintered NdFeB magnet N35 prices down

BEIJING (Asian Metal) 17 Mar 23 - The Chinese rough sintered NdFeB magnet N35 (block) market witnessed slow buying activities over the past week due to consumers' wait-and-see attitudes. The current mainstream prices of Chinese rough sintered NdFeB magnet N35 (block) declined to RMB162-167/kg (USD23.Asian Metal Copyright With an annual consumption capacity of 60t of rough sintered NdFeB magnet N35 block , the consumer's consumption volume so far in 2023 recorded about nine tons, compared with approximately 50t last year.Asian Metal Copyright5-24.2/kg) EXW T/T 60 days, down by around RMB16/kg (USD2.3/kg) from half a month ago.Asian Metal Copyright He holds no stock at the moment, in line with mid-February.Asian Metal Copyright In view of weak demand and sliding PrNd mischmetal prices, insiders forecasted that the Chinese rough sintered NdFeB magnet N35 (block) mainstream prices still have room to go down in the forthcoming week.

A producer in South China noted that he lowers rough sintered NdFeB magnet N35 (block) quotation to around RMB167/kg (USD24.2/kg) EXW T/T 60 days and considers selling at about RMB163/kg (USD23.6/kg) at present, while he refused to sell at prices below RMB190/kg (USD27.Asian Metal Copyright3kg," said the consumer, who has no intention to purchase again in the coming week due to sliding prices and end users' wait-and-see attitudes.Asian Metal Copyright5kg) two weeks ago. "I last sold 500kg at around RMB190/kg (USD27.5/kg) early this month," said the producer, who failed to receive any inquiries over the past week. He could purchase PrNd mischmetal at around RMB670,000/t (USD97,126/t) EXW T/T 30 days now, while he couldn't but at prices below RMB800,000/t (USD115,971/t) two weeks ago. In view of soft demand from consumers and dropping PrNd mischmetal mainstream prices, he forecasted that the Chinese rough sintered NdFeB magnet N35 (block) mainstream prices would go down by around RMB3/kg (USD0.4/kg) in the coming week.

The producer, with an annual production capacity of 36t of rough sintered NdFeB magnet N35 (block), expects to produce around two tons in March, without much change MoM. He produced approximately 22t and four tons respectively in 2022 and so far in 2023.Asian Metal Copyright3kg," said the consumer, who has no intention to purchase again in the coming week due to sliding prices and end users' wait-and-see attitudes.Asian Metal Copyright He doesn't hold stock now, unchanged MoM.

A consumer in South China disclosed that his regular suppliers quote about RMB165/kg (USD23.9/kg) EXW T/T 60 days for rough sintered NdFeB magnet N35 (block) to him at present. Based on his experience, he could buy at around RMB162/kg (USD23.5/kg) now, while he had difficulty in buying at prices below RMB188/kg (USD27.3/kg) two weeks ago. "I concluded my latest procurement early this month, when I purchased 500kg at around RMB188/kg (USD27.3/kg)," said the consumer, who has no intention to purchase again in the coming week due to sliding prices and end users' wait-and-see attitudes.Asian Metal Copyright5kg now, while he had difficulty in buying at prices below RMB188kg USD27.Asian Metal Copyright He foresaw further dropping prices in the Chinese rough sintered NdFeB magnet N35 (block) market.

With an annual consumption capacity of 60t of rough sintered NdFeB magnet N35 (block) , the consumer's consumption volume so far in 2023 recorded about nine tons, compared with approximately 50t last year. He estimates to use around four tons this month, down by one ton MoM.Asian Metal Copyright5kg now, while he had difficulty in buying at prices below RMB188kg USD27.Asian Metal Copyright He holds no stock at the moment, in line with mid-February.

.Asian Metal CopyrightBEIJING Asian Metal 17 Mar 23 - The Chinese rough sintered NdFeB magnet N35 block market witnessed slow buying activities over the past week due to consumers' wait-and-see attitudesAsian Metal Copyright