Chinese rough sintered NdFeB magnet N35 prices slide
2023-03-24 07:40:12 [Print]
BEIJING (Asian Metal) 24 Mar 23 - Chinese rough sintered NdFeB magnet N35 (block) suppliers lowered prices in order to gain orders over the past week. Therefore, the current Chinese rough sintered NdFeB magnet N35 (block) mainstream prices dropped to RMB162-167/kg (USD23.7-24.4/kg) EXW T/T 60 days, down by around RMB7/kg (USD1.0/kg) from one week ago. Insiders forecasted that the Chinese rough sintered NdFeB magnet N35 (block) mainstream prices would slide further in the upcoming week due to buyers' declining target prices.
A consumer in South China disclosed that his regular suppliers quote around RMB162/kg (USD23.7/kg) EXW T/T 60 days for rough sintered NdFeB magnet N35 (block) to him at present. According to his experience, he couldn't bargain for better prices if he would replenish stocks now, while he couldn't buy at prices below RMB170/kg (USD24.9/kg) one week ago. "I last bought two tons at around RMB162/kg (USD23.7/kg) two days ago," said the consumer, who plans to hold a wait-and-see attitude in the coming week. As buyers lower target prices continuously, he forecasted that the Chinese rough sintered NdFeB magnet N35 (block) mainstream prices would move down by around RMB3/kg (USD/kg) in the forthcoming week.
With an annual consumption capacity of 120t of rough sintered NdFeB magnet N35 (block), the consumer expects a consumption volume of around two tons in March, with a decline of one ton MoM. He consumed approximately 33t and five tons respectively in 2022 and so far in 2023. He holds an inventory of around two tons at the moment, in line with late February.
Another consumer in South China noted that his regular suppliers lower rough sintered NdFeB magnet N35 (block) quotation to about RMB165/kg (USD24.2/kg) EXW T/T 60 days to him at the moment. Based on his experience, he could purchase at around RMB163/kg (USD23.9/kg) now, while he had difficulty in purchasing at prices below RMB170/kg (USD24.9/kg) one week ago. He concluded his latest procurement two days ago, when he bought one ton at around RMB163/kg (USD23.9/kg). "Given the abundant supply, I have no plan to purchase rough sintered NdFeB magnet N35 (block) again in the coming week unless I could get orders from end users," said the consumer, who foresaw further sliding prices in the Chinese rough sintered NdFeB magnet N35 (block) market in the coming week as buyers purchase inactively and lower target prices continuously.
The consumer, with an annual consumption capacity of 120t of rough sintered NdFeB magnet N35 (block), consumed about three tons so far this year, compared with approximately 33t last year. He expects to use around two tons this month, in line with last month. He holds an inventory of around 500kg now, without much change from one week ago.
A consumer in South China disclosed that his regular suppliers quote around RMB162/kg (USD23.7/kg) EXW T/T 60 days for rough sintered NdFeB magnet N35 (block) to him at present. According to his experience, he couldn't bargain for better prices if he would replenish stocks now, while he couldn't buy at prices below RMB170/kg (USD24.9/kg) one week ago. "I last bought two tons at around RMB162/kg (USD23.7/kg) two days ago," said the consumer, who plans to hold a wait-and-see attitude in the coming week. As buyers lower target prices continuously, he forecasted that the Chinese rough sintered NdFeB magnet N35 (block) mainstream prices would move down by around RMB3/kg (USD/kg) in the forthcoming week.
With an annual consumption capacity of 120t of rough sintered NdFeB magnet N35 (block), the consumer expects a consumption volume of around two tons in March, with a decline of one ton MoM. He consumed approximately 33t and five tons respectively in 2022 and so far in 2023. He holds an inventory of around two tons at the moment, in line with late February.
Another consumer in South China noted that his regular suppliers lower rough sintered NdFeB magnet N35 (block) quotation to about RMB165/kg (USD24.2/kg) EXW T/T 60 days to him at the moment. Based on his experience, he could purchase at around RMB163/kg (USD23.9/kg) now, while he had difficulty in purchasing at prices below RMB170/kg (USD24.9/kg) one week ago. He concluded his latest procurement two days ago, when he bought one ton at around RMB163/kg (USD23.9/kg). "Given the abundant supply, I have no plan to purchase rough sintered NdFeB magnet N35 (block) again in the coming week unless I could get orders from end users," said the consumer, who foresaw further sliding prices in the Chinese rough sintered NdFeB magnet N35 (block) market in the coming week as buyers purchase inactively and lower target prices continuously.
The consumer, with an annual consumption capacity of 120t of rough sintered NdFeB magnet N35 (block), consumed about three tons so far this year, compared with approximately 33t last year. He expects to use around two tons this month, in line with last month. He holds an inventory of around 500kg now, without much change from one week ago.
