Chinese ferrodysprosium consumers watch the market
2024-04-11 08:01:07 [Print]
BEIJING (Asian Metal) 11 Apr 24 - Chinese ferrodysprosium 80% consumers held wait-and-see attitudes, which resulted few deals in the market over the past week. However, suppliers held prices firm. Therefore, the current Chinese ferrodysprosium 80% mainstream prices stay at RMB1,860-1,880/kg (USD257-260/kg) EXW T/T 60 days, without much change from yesterday. In view that suppliers still have no intention to lower prices, insiders forecasted that the Chinese ferrodysprosium 80% mainstream prices would still stand at current levels in the coming week.
A consumer in Zhejiang province discloses that they held wait-and-see attitudes towards the Chinese ferrodysprosium 80% market over the past week due to weak demand of their NdFeB magnet. Their regular ferrodysprosium 80% suppliers quote around RMB1,950/kg (USD270/kg) EXW T/T 30 days for him at present. According to their experience, they could buy at about RMB1,870/kg (USD258/kg) now, without much change from yesterday. He concluded his latest procurement in late March, when he bought two tons at around RMB1,760/kg (USD243/kg). "We meant to purchase ferrodysprosium 80% again this week but postponed procurements due to high prices from our suppliers but wait-and-see attitudes of our clients," said the consumer, who couldn't negotiate cheaper prices from suppliers and predicts that the Chinese ferrodysprosium 80% mainstream prices would still not fluctuate in the coming week.
The consumer, with an annual consumption capacity of 60t of ferrodysprosium 80%, estimates to use around three tons this month, down by one ton MoM. His consumption volumes in 2023 and so far in 2024 recorded approximately 32t and 10t respectively. He holds an inventory of around seven tons at present, a decrease of one ton MoM.
Another consumer in South China notes that he used to plan to purchase this week but decided to delay due to high prices. His regular ferrodysprosium 80% suppliers hold the quotation firm at about RMB1,940/kg (USD268/kg) EXW T/T 30 days for him now. Based on his experience, but he has no intention to buy at prices higher than RMB1,860/kg (USD257/kg) now, without much change from one week ago. "I last bought four tons at around RMB1,760/kg (USD243/kg) late last month," said the consumer, who couldn't bargain for cheaper prices from suppliers and forecasts that the Chinese ferrodysprosium 80% mainstream prices would still hover at current levels in the coming week.
With an annual consumption capacity of 60t of ferrodysprosium 80%, the consumer's consumption volume so far this year records about five tons, compared with approximately 12t last year. He expects to use around three tons this month, compared with about three tons last month. He holds about three tons of stocks now, a decrease of two tons MoM.
A consumer in Zhejiang province discloses that they held wait-and-see attitudes towards the Chinese ferrodysprosium 80% market over the past week due to weak demand of their NdFeB magnet. Their regular ferrodysprosium 80% suppliers quote around RMB1,950/kg (USD270/kg) EXW T/T 30 days for him at present. According to their experience, they could buy at about RMB1,870/kg (USD258/kg) now, without much change from yesterday. He concluded his latest procurement in late March, when he bought two tons at around RMB1,760/kg (USD243/kg). "We meant to purchase ferrodysprosium 80% again this week but postponed procurements due to high prices from our suppliers but wait-and-see attitudes of our clients," said the consumer, who couldn't negotiate cheaper prices from suppliers and predicts that the Chinese ferrodysprosium 80% mainstream prices would still not fluctuate in the coming week.
The consumer, with an annual consumption capacity of 60t of ferrodysprosium 80%, estimates to use around three tons this month, down by one ton MoM. His consumption volumes in 2023 and so far in 2024 recorded approximately 32t and 10t respectively. He holds an inventory of around seven tons at present, a decrease of one ton MoM.
Another consumer in South China notes that he used to plan to purchase this week but decided to delay due to high prices. His regular ferrodysprosium 80% suppliers hold the quotation firm at about RMB1,940/kg (USD268/kg) EXW T/T 30 days for him now. Based on his experience, but he has no intention to buy at prices higher than RMB1,860/kg (USD257/kg) now, without much change from one week ago. "I last bought four tons at around RMB1,760/kg (USD243/kg) late last month," said the consumer, who couldn't bargain for cheaper prices from suppliers and forecasts that the Chinese ferrodysprosium 80% mainstream prices would still hover at current levels in the coming week.
With an annual consumption capacity of 60t of ferrodysprosium 80%, the consumer's consumption volume so far this year records about five tons, compared with approximately 12t last year. He expects to use around three tons this month, compared with about three tons last month. He holds about three tons of stocks now, a decrease of two tons MoM.
