Zhejiang Zhongyuan increases NdFeB magnet output
2024-04-11 08:01:05 [Print]
BEIJING (Asian Metal) 11 Apr 24 - As one of the major NdFeB magnet producers in Zhejiang province of China, Zhejiang Zhongyuan Magnetic Material Co. increases its rough sintered NdFeB magnet output by 140t MoM to around 260t in March 2024.
"Encouraged by increasing PrNd mischmetal prices, our clients became active in sending magnet orders, so we produced around 260t of rough sintered NdFeB magnet in March, while our outputs in February and January recorded only around 120t and 170t respectively," said a source from the company.
With an annual production capacity of 3,600t of rough sintered NdFeB magnet, Zhejiang Zhongyuan Magnetic Material Co. was established in 2000. The company's rough sintered NdFeB magnet output so far this year recorded about 670t, compared with approximately 1,700t in 2023. It holds no stock now, unchanged MoM.
The current Chinese rough sintered NFeB magnet N35 (block) mainstream prices increase to RMB106-111/kg (USD14.7-15.3/kg) EXW T/T 60 days, up by around RMB2/kg (USD0.3/kg) from one week ago. Suppliers face difficulties in lifting prices further as consumers prefer to delay purchasing rather than increase prices further.
"Encouraged by increasing PrNd mischmetal prices, our clients became active in sending magnet orders, so we produced around 260t of rough sintered NdFeB magnet in March, while our outputs in February and January recorded only around 120t and 170t respectively," said a source from the company.
With an annual production capacity of 3,600t of rough sintered NdFeB magnet, Zhejiang Zhongyuan Magnetic Material Co. was established in 2000. The company's rough sintered NdFeB magnet output so far this year recorded about 670t, compared with approximately 1,700t in 2023. It holds no stock now, unchanged MoM.
The current Chinese rough sintered NFeB magnet N35 (block) mainstream prices increase to RMB106-111/kg (USD14.7-15.3/kg) EXW T/T 60 days, up by around RMB2/kg (USD0.3/kg) from one week ago. Suppliers face difficulties in lifting prices further as consumers prefer to delay purchasing rather than increase prices further.
