Chinese ferrodysprosium market sees steady prices
2024-03-28 08:29:06 [Print]
BEIJING (Asian Metal) 28 Mar 24 - Although most of consumers purchased inactively, Chinese ferrodysprosium 80% suppliers held prices steady over the past week due to low profits. As a consequence, the current Chinese ferrodysprosium 80% mainstream prices hovered at RMB1,750-1,770/kg (USD242-245/kg) EXW T/T 30 days, without much change from one week ago. Insiders forecasted that the Chinese ferrodysprosium 80% mainstream prices would continue standing at current levels in the upcoming week as suppliers still refuse to make concession on prices.
A consumer in Inner Mongolia disclosed that his regular ferrodysprosium 80% suppliers held quotation firm at around RMB1,780/kg (USD246/kg) EXW T/T 30 days for him this Wednesday. According to his experience, he could buy at about RMB1,760/kg (USD244/kg) at present, in line with one week ago. "I last bought three tons at around RMB1,760/kg (USD244/kg) late last week," said the consumer, who sent an inquiry again today but delayed purchasing. He couldn't bargain for cheaper prices from suppliers and predicted that the Chinese ferrodysprosium 80% market would continue witnessing steady prices in the upcoming week.
With an annual consumption capacity of 96t of ferrodysprosium 80%, the consumer's consumption volumes in 2023 and so far in 2024 recorded approximately 60t and 14t respectively. He expected to use around five tons this month, up by one ton MoM. He holds an inventory of about 10t at present, without much change MoM.
A consumer in Jiangxi province claimed that his regular ferrodysprosium 80% suppliers still quoted about RMB1,780/kg (USD246/kg) EXW T/T 30 days for him today. Based on his experience, he could buy at around RMB1,760/kg (USD244/kg) at the moment, the same as one week ago. He concluded his latest procurement early this month, when he purchased two tons at around RMB1,780/kg (USD246/kg). "I consumed stocks and held a wait-and-see attitude over the past two weeks due to abundant supply and flat prices," said the consumer, who faced great difficulties in negotiating cheaper prices from suppluers and predicted that the Chinese ferrodysprosium 80% mainstream prices would still not fluctuate in the coming week.
The consumer, on basis of an annual consumption capacity of 60t of ferrodysprosium 80%, expected to use around three tons in March, compared with about two tons in February. His consumption volume so far in 2024 recorded about eight tons, compared with approximately 40t in 2023. He has about two tons of stocks at the moment, a decrease of one ton MoM.
A consumer in Inner Mongolia disclosed that his regular ferrodysprosium 80% suppliers held quotation firm at around RMB1,780/kg (USD246/kg) EXW T/T 30 days for him this Wednesday. According to his experience, he could buy at about RMB1,760/kg (USD244/kg) at present, in line with one week ago. "I last bought three tons at around RMB1,760/kg (USD244/kg) late last week," said the consumer, who sent an inquiry again today but delayed purchasing. He couldn't bargain for cheaper prices from suppliers and predicted that the Chinese ferrodysprosium 80% market would continue witnessing steady prices in the upcoming week.
With an annual consumption capacity of 96t of ferrodysprosium 80%, the consumer's consumption volumes in 2023 and so far in 2024 recorded approximately 60t and 14t respectively. He expected to use around five tons this month, up by one ton MoM. He holds an inventory of about 10t at present, without much change MoM.
A consumer in Jiangxi province claimed that his regular ferrodysprosium 80% suppliers still quoted about RMB1,780/kg (USD246/kg) EXW T/T 30 days for him today. Based on his experience, he could buy at around RMB1,760/kg (USD244/kg) at the moment, the same as one week ago. He concluded his latest procurement early this month, when he purchased two tons at around RMB1,780/kg (USD246/kg). "I consumed stocks and held a wait-and-see attitude over the past two weeks due to abundant supply and flat prices," said the consumer, who faced great difficulties in negotiating cheaper prices from suppluers and predicted that the Chinese ferrodysprosium 80% mainstream prices would still not fluctuate in the coming week.
The consumer, on basis of an annual consumption capacity of 60t of ferrodysprosium 80%, expected to use around three tons in March, compared with about two tons in February. His consumption volume so far in 2024 recorded about eight tons, compared with approximately 40t in 2023. He has about two tons of stocks at the moment, a decrease of one ton MoM.
