Chinese ferrodysprosium market sees stable prices
2024-04-10 08:23:00 [Print]
BEIJING (Asian Metal) 10 Apr 24 - As consumers hold wait-and-see attitudes, Chinese ferrodysprosium 80% suppliers failed to lift prices further and held prices steady over the past one day. Therefore, the current Chinese ferrodysprosium 80% mainstream prices hover at around RMB1,860-1,880/kg (USD257-260/kg) EXW T/T 30 days now, without much change from one day ago. As consumers still plan to postpone procurements, insiders forecasts that the Chinese ferrodysprosium 80% mainstream prices would slide in the upcoming week.
A consumer in North China reveals that their regular ferrodysprosium 80% suppliers hold quotation firm at about RMB1,930/kg (USD267/kg) EXW T/T 30 days for them at present. Based on their experience, they could buy at around RMB1,870/kg (USD259/kg) now, without much change from one day ago. They concluded their latest procurement in late March, when they bought five tons at around RMB1,750/kg (USD242/kg). "I consumed inventories over the past two weeks and still have no plan to purchase in the coming week," said the consumer, who forecasts that the Chinese ferrodysprosium 80% mainstream prices would move down in the coming week as consumers delay purchasing.
The consumer, on basis of an annual consumption capacity of 96t of ferrodysprosium 80%, consumed about nine tons so far this year, compared with approximately 30t last year. They expect to use around three tons this month, without much change MoM. They hold an inventory of around five tons now, in line with early March.
Another consumer in North China claims that their regular ferrodysprosium 80% suppliers still quote about RMB1,950/kg (USD270/kg) EXW T/T 30 days for him at the moment. According to their experience, they could purchase at around RMB1,870/kg (USD259/kg) now, without much change from one day ago. "I last bought three tons at around RMB1,770/kg (USD245/kg) late last week," said the consumer, who postponed procurements over two weeks and still have no intention to replenish stocks in the coming week due to sufficient stocks. Given that consumers purchase inactively, he predicts that the Chinese ferrodysprosium 80% mainstream prices would go down by around RMB30/kg (USD4.1/kg) in the coming week.
With an annual consumption capacity of 96t of ferrodysprosium 80%, the consumer estimates to use around three and a half tons in April, up by one ton MoM. They consumed approximately 45t and 10t in 2023 and so far in 2024. They have around four tons of stocks now, an increase of one ton MoM.
A consumer in North China reveals that their regular ferrodysprosium 80% suppliers hold quotation firm at about RMB1,930/kg (USD267/kg) EXW T/T 30 days for them at present. Based on their experience, they could buy at around RMB1,870/kg (USD259/kg) now, without much change from one day ago. They concluded their latest procurement in late March, when they bought five tons at around RMB1,750/kg (USD242/kg). "I consumed inventories over the past two weeks and still have no plan to purchase in the coming week," said the consumer, who forecasts that the Chinese ferrodysprosium 80% mainstream prices would move down in the coming week as consumers delay purchasing.
The consumer, on basis of an annual consumption capacity of 96t of ferrodysprosium 80%, consumed about nine tons so far this year, compared with approximately 30t last year. They expect to use around three tons this month, without much change MoM. They hold an inventory of around five tons now, in line with early March.
Another consumer in North China claims that their regular ferrodysprosium 80% suppliers still quote about RMB1,950/kg (USD270/kg) EXW T/T 30 days for him at the moment. According to their experience, they could purchase at around RMB1,870/kg (USD259/kg) now, without much change from one day ago. "I last bought three tons at around RMB1,770/kg (USD245/kg) late last week," said the consumer, who postponed procurements over two weeks and still have no intention to replenish stocks in the coming week due to sufficient stocks. Given that consumers purchase inactively, he predicts that the Chinese ferrodysprosium 80% mainstream prices would go down by around RMB30/kg (USD4.1/kg) in the coming week.
With an annual consumption capacity of 96t of ferrodysprosium 80%, the consumer estimates to use around three and a half tons in April, up by one ton MoM. They consumed approximately 45t and 10t in 2023 and so far in 2024. They have around four tons of stocks now, an increase of one ton MoM.
