Chinese rough sintered NdFeB magnet N35 prices slide
2023-04-21 08:24:22 [Print]
BEIJING (Asian Metal) 21 Apr 23 - The Chinese rough sintered NdFeB magnet N35 (block) market witnessed slow buying activities over the past one week The Chinese rough sintered NdFeB magnet N35 (block) mainstream prices hover at RMB147-152/kg (USD21
A producer in South China disclosed that he lowers rough sintered NdFeB magnet N35 (block) quotation to around RMB152/kg (USD22.1/kg) EXW T/T 60 days and has intention to sell at about RMB150/kg (USD21.8/kg) now, while he refused to sell at prices below RMB155/kg (USD22.5/kg) one week ago. He last sold one ton at around RMB150/kg (USD21.8/kg) two days ago. "I couldn't buy PrNd mischmetal at prices below RMB580,000/t (USD84,300/t) EXW TT 30 days now, the same as early this week, so I plan to hold rough sintered NdFeB magnet N35 (block) prices stable in the coming three days," said the producer, who forecasted that the Chinese rough sintered NdFeB magnet N35 (block) market would see steady prices in the forthcoming week.
With an annual production capacity of 240t of rough sintered NdFeB magnet N35 (block), the producer expects to produce around two and a half tons in April, without much change MoM. He produced approximately 75t and 12t respectively in 2022 and so far in 2023 . He doesn't hold stock now, unchanged MoM.
A consumer in South China revealed that his regular suppliers quote around RMB150/kg (USD21.8/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 about RMB148/kg (USD21.5/kg) now, while he had difficulty in buying at prices below RMB152/kg (USD22.1/kg) one week ago. "I concluded my latest procurement in late March, when I bought one ton at around RMB160/kg (USD23.3/kg)," said the consumer, who still has no intention to replenish rough sintered NdFeB magnet N35 (block) inventory in the coming week unless he could get orders from end users . He couldn't bargain for better prices from sellers and predicted that the Chinese rough sintered NdFeB magnet N35 (block) mainstream prices would level off in the coming week.
The consumer, with an annual consumption capacity of 36t of rough sintered NdFeB magnet N35 (block), consumed about one and a half tons so far this year, compared with around six tons last year. He expects to use around 400kg this month, down by around 100kg MoM . He holds an inventory of around 500kg now, in line with late March.
. 4-22.1/kg) EXW T/T 60 days at present, a decline of around RMB4/kg (USD0.6/kg) from one week ago . In view of the stabilization of Chinese PrNd mischmetal prices, insiders forecasted that the Chinese rough sintered NdFeB magnet N35 (block) market would witness stable prices in the coming three days.
A producer in South China disclosed that he lowers rough sintered NdFeB magnet N35 (block) quotation to around RMB152/kg (USD22.1/kg) EXW T/T 60 days and has intention to sell at about RMB150/kg (USD21.8/kg) now, while he refused to sell at prices below RMB155/kg (USD22.5/kg) one week ago. He last sold one ton at around RMB150/kg (USD21.8/kg) two days ago. "I couldn't buy PrNd mischmetal at prices below RMB580,000/t (USD84,300/t) EXW TT 30 days now, the same as early this week, so I plan to hold rough sintered NdFeB magnet N35 (block) prices stable in the coming three days," said the producer, who forecasted that the Chinese rough sintered NdFeB magnet N35 (block) market would see steady prices in the forthcoming week.
With an annual production capacity of 240t of rough sintered NdFeB magnet N35 (block), the producer expects to produce around two and a half tons in April, without much change MoM. He produced approximately 75t and 12t respectively in 2022 and so far in 2023 . He doesn't hold stock now, unchanged MoM.
A consumer in South China revealed that his regular suppliers quote around RMB150/kg (USD21.8/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 about RMB148/kg (USD21.5/kg) now, while he had difficulty in buying at prices below RMB152/kg (USD22.1/kg) one week ago. "I concluded my latest procurement in late March, when I bought one ton at around RMB160/kg (USD23.3/kg)," said the consumer, who still has no intention to replenish rough sintered NdFeB magnet N35 (block) inventory in the coming week unless he could get orders from end users . He couldn't bargain for better prices from sellers and predicted that the Chinese rough sintered NdFeB magnet N35 (block) mainstream prices would level off in the coming week.
The consumer, with an annual consumption capacity of 36t of rough sintered NdFeB magnet N35 (block), consumed about one and a half tons so far this year, compared with around six tons last year. He expects to use around 400kg this month, down by around 100kg MoM . He holds an inventory of around 500kg now, in line with late March.