Chinese ferrodysprosium prices increase slightly
2023-03-23 08:24:45 [Print]
BEIJING (Asian Metal) 23 Mar 23 - Chinese ferrodysprosium 80% suppliers lifted prices over the past two days and would rather to lose orders than make concession on prices. Therefore, the current Chinese ferrodysprosium 80% mainstream prices rose to RMB1,930-1,960/kg (USD280-285/kg) T/T 30 days, up by around RMB10/kg (USD1.5/kg) from two days ago
A consumer in North China noted that their regular suppliers quote about RMB1,970/kg (USD286/kg) EXW T/T 30 days for ferrodysprosium 80% to them at present. Based on their experience, they couldn't buy at prices below RMB1,960/kg (USD285/kg) now, while they could buy at around RMB1,950/kg (USD283/kg) two days ago. "I concluded my latest procurement two days ago, when I bought one ton at around RMB1,950/kg (USD283/kg)," said the consumer, who has no plan to purchase again in the coming week . They couldn't bargain for better prices from suppliers and forecasted that the Chinese ferrodysprosium 80% mainstream prices would continue hovering at current levels in the upcoming week.
The producer, with an annual consumption capacity of 60t of ferrodysprosium 80%, expects to produce around three tons this month, without much change MoM. They consumed about nine tons so far this year, compared with approximately 22t in 2022 . They hold an inventory of around three tons at the moment, in line with late February.
Another consumer in North China claimed that his regular suppliers lift ferrodysprosium 80% quotation to about RMB1,940/kg (USD282/kg) EXW T/T 30 days to him at present. According to his experience, he could buy at around RMB1,930/kg (USD280/kg) now, while he could replenish stocks at around RMB1,900/kg (USD276/kg) early this week, when he last bought two tons at around RMB1,900/kg (USD276/kg) . "I intend to hold a wait-and-see attitude towards the ferrodysprosium 80% market in the coming week," said the consumer, who couldn't negotiate lower prices from suppliers and forecasted that the Chinese ferrodysprosium 80% mainstream prices would stand at current levels in the forthcoming week.
With an annual consumption capacity of 96t of ferrodysprosium 80%, the consumer's consumption volumes in 2022 and so far in 2023 recorded approximayely 42t and 12t respectively. He expects to use around five tons in March, without much change MoM . He holds an inventory of around two tons now, the same as late February.
. As suppliers refuse to lower prices, insiders forecasted that the Chinese ferrodysprosium 80% mainstream prices would show firm trend in the coming week.
A consumer in North China noted that their regular suppliers quote about RMB1,970/kg (USD286/kg) EXW T/T 30 days for ferrodysprosium 80% to them at present. Based on their experience, they couldn't buy at prices below RMB1,960/kg (USD285/kg) now, while they could buy at around RMB1,950/kg (USD283/kg) two days ago. "I concluded my latest procurement two days ago, when I bought one ton at around RMB1,950/kg (USD283/kg)," said the consumer, who has no plan to purchase again in the coming week . They couldn't bargain for better prices from suppliers and forecasted that the Chinese ferrodysprosium 80% mainstream prices would continue hovering at current levels in the upcoming week.
The producer, with an annual consumption capacity of 60t of ferrodysprosium 80%, expects to produce around three tons this month, without much change MoM. They consumed about nine tons so far this year, compared with approximately 22t in 2022 . They hold an inventory of around three tons at the moment, in line with late February.
Another consumer in North China claimed that his regular suppliers lift ferrodysprosium 80% quotation to about RMB1,940/kg (USD282/kg) EXW T/T 30 days to him at present. According to his experience, he could buy at around RMB1,930/kg (USD280/kg) now, while he could replenish stocks at around RMB1,900/kg (USD276/kg) early this week, when he last bought two tons at around RMB1,900/kg (USD276/kg) . "I intend to hold a wait-and-see attitude towards the ferrodysprosium 80% market in the coming week," said the consumer, who couldn't negotiate lower prices from suppliers and forecasted that the Chinese ferrodysprosium 80% mainstream prices would stand at current levels in the forthcoming week.
With an annual consumption capacity of 96t of ferrodysprosium 80%, the consumer's consumption volumes in 2022 and so far in 2023 recorded approximayely 42t and 12t respectively. He expects to use around five tons in March, without much change MoM . He holds an inventory of around two tons now, the same as late February.