Chinese ferrodysprosium prices edge up
2023-04-24 08:34:18 [Print]
BEJING (Asian Metal) 24 Apr 23 - Supported by increasing dysprosium oxide 99.5%min prices, Chinese ferrodysprosium 80% suppliers lifted prices over the past week. As a consequence, the current Chinese ferrodysprosium 80% mainstream prices rose to RMB1,870-1,890/kg (USD271-274/kg) EXW T/T 30 days, up by around RMB40/kg (USD5.8/kg) from one week ago. As consumers prefer to hold stocks rather than accept further price increase, insiders forecasted that the Chinese ferrodysprosium 80% mainstream prices would level off in the coming two days.
A producer in South China noted that he lifts ferrodysprosium 80% quotation to about RMB1,900/kg (USD276/kg) EXW T/T 30 days and considers selling at around RMB1,890/kg (USD274/kg) at present, while he had intention to sell at about RMB1,850/kg (USD268/kg) one week ago. He last sold one ton at around RMB1,890/kg (USD274/kg) late last week. "I have difficulty in purchasing dysprosium oxide 99.5%min at prices below RMB1,930/kg (USD280/kg) EXW D/P now, while I could buy at about RMB1,890/kg (USD274/kg) one week ago, so I had to increase ferrodysprosium 80% prices over the past days," said the producer, who has difficulty in gaining orders from consumers and forecasted that the Chinese ferrodysprosium 80% mainstream prices would not change much in the upcoming week.
With an annual production capacity of 360t, the producer expects to produce around 30t of ferrodysprosium 80% this month, without much change MoM. He produced approximately 200t tons and 100t tons respectively last year and so far this year. He holds an inventory of around 30t now, without much change MoM.
A consumer in North China disclosed that his regular suppliers quote about RMB1,900/kg (USD276/kg) EXW T/T 30 days for ferrodysprosium 80% to him at the moment. According to his experience, he could buy at around RMB1,890/kg (USD274/kg) now, while he could replenish stocks at about RMB1,840/kg (USD267/kg) one week ago. "I concluded my latest procurement yesterday, when I bought two tons at around RMB1,890/kg (USD274/kg)," said the consumer, who has no intention to purchase in bulk due to abundant supply but weak demand. He predicted that the Chinese ferrodysprosium 80% mainstream prices would not change much in the coming week as suppliers purchase inactively.
The consumer, with an annual consumption capacity of 180t of ferrodysprosium 80%, consumed about 30t so far in 2023, compared with approximately 100t in 2022. He expects to use around 10t in April, the same as last month. He has around 10t of stocks at present, in line with late March.
A producer in South China noted that he lifts ferrodysprosium 80% quotation to about RMB1,900/kg (USD276/kg) EXW T/T 30 days and considers selling at around RMB1,890/kg (USD274/kg) at present, while he had intention to sell at about RMB1,850/kg (USD268/kg) one week ago. He last sold one ton at around RMB1,890/kg (USD274/kg) late last week. "I have difficulty in purchasing dysprosium oxide 99.5%min at prices below RMB1,930/kg (USD280/kg) EXW D/P now, while I could buy at about RMB1,890/kg (USD274/kg) one week ago, so I had to increase ferrodysprosium 80% prices over the past days," said the producer, who has difficulty in gaining orders from consumers and forecasted that the Chinese ferrodysprosium 80% mainstream prices would not change much in the upcoming week.
With an annual production capacity of 360t, the producer expects to produce around 30t of ferrodysprosium 80% this month, without much change MoM. He produced approximately 200t tons and 100t tons respectively last year and so far this year. He holds an inventory of around 30t now, without much change MoM.
A consumer in North China disclosed that his regular suppliers quote about RMB1,900/kg (USD276/kg) EXW T/T 30 days for ferrodysprosium 80% to him at the moment. According to his experience, he could buy at around RMB1,890/kg (USD274/kg) now, while he could replenish stocks at about RMB1,840/kg (USD267/kg) one week ago. "I concluded my latest procurement yesterday, when I bought two tons at around RMB1,890/kg (USD274/kg)," said the consumer, who has no intention to purchase in bulk due to abundant supply but weak demand. He predicted that the Chinese ferrodysprosium 80% mainstream prices would not change much in the coming week as suppliers purchase inactively.
The consumer, with an annual consumption capacity of 180t of ferrodysprosium 80%, consumed about 30t so far in 2023, compared with approximately 100t in 2022. He expects to use around 10t in April, the same as last month. He has around 10t of stocks at present, in line with late March.
