Chinese rough sintered NdFeB magnet N35 prices firm
2024-04-19 08:28:09 [Print]
BEIJING (Asian Metal) 19 Apr 24 - Following with the firm PrNd mischmetal prices, Chinese rough sintered NdFeB magnet N35 (block) suppliers held prices steady over the past week. Therefore, the current Chinese rough sintered NdFeB magnet N35 (block) mainstream prices stand at RMB109-114/kg (USD15.1-15.8/kg) EXW T/T 60 days, without much change from one week ago. Given that the Chinese PrNd mischmetal mainstream prices still show firm trend, insiders forecasted that the Chinese rough sintered NdFeB magnet N35 (block) mainstream prices would keep hovering at current levels in the coming week.
A producer in Jiangxi province discloses that he holds rough sintered NdFeB magnet N35 (block) mainstream prices firm at around RMB120/kg (USD16.6/kg) EXW T/T 60 days and has intention to sell at about RMB114/kg (USD15.8/kg) now, in line with one week ago. He last sold 500kg at around RMB114/kg (USD15.8/kg) early this week to a regular client, who used to purchase no less than one ton every time. "Although my clients purchase inactively, I have no intention to make concession on prices due to firm PrNd mischmetal prices," said the producer, who couldn't purchase PrNd mischmetal at prices below RMB480,000/t (USD/t) EXW T/T 30 days, in line with one week ago. As suppliers refuse to lower prices, insiders forecast that the Chinese rough sintered NdFeB magnet N35 (block) mainstream prices would continue standing at current levels in the upcoming week.
The producer, on basis of an annual production capacity of 120t of rough sintered NdFeB magnet N35 (block), produced about 30t so far this year, compared with approximately 100t last year. He expects an output of around 10t this month, without much change MoM. He doesn't hold stock now, unchanged MoM.
A consumer in Zhejiang province reveals that his regular suppliers still quote around RMB117/kg (USD16.2/kg) EXW T/T 60 days for rough sintered NdFeB magnet N35 (block) for him at present. Based on his experience, he could purchase at about RMB114/kg (USD15.8/kg) now, without much change from early this week. He concluded his latest procurement late last week, when he bought five tons at around RMB114/kg (USD15.8/kg). "I plan to hold a wait-and-see attitude towards the Chinese rough sintered NdFeB magnet N35 (block) market in the coming week," said the consumer, who couldn't bargain for cheaper prices from suppliers and foresees further steady prices in the Chinese rough sintered NdFeB magnet N35 (block) market in the coming week.
With an annual consumption capacity of 120t of rough sintered NdFeB magnet N35 (block), the consumer expects to use around eight tons this month, without much change MoM. His consumption volumes last year and so far this year recorded approximately 72t and 23t respectively. He holds an inventory of around 10t now, up by three tons MoM.
A producer in Jiangxi province discloses that he holds rough sintered NdFeB magnet N35 (block) mainstream prices firm at around RMB120/kg (USD16.6/kg) EXW T/T 60 days and has intention to sell at about RMB114/kg (USD15.8/kg) now, in line with one week ago. He last sold 500kg at around RMB114/kg (USD15.8/kg) early this week to a regular client, who used to purchase no less than one ton every time. "Although my clients purchase inactively, I have no intention to make concession on prices due to firm PrNd mischmetal prices," said the producer, who couldn't purchase PrNd mischmetal at prices below RMB480,000/t (USD/t) EXW T/T 30 days, in line with one week ago. As suppliers refuse to lower prices, insiders forecast that the Chinese rough sintered NdFeB magnet N35 (block) mainstream prices would continue standing at current levels in the upcoming week.
The producer, on basis of an annual production capacity of 120t of rough sintered NdFeB magnet N35 (block), produced about 30t so far this year, compared with approximately 100t last year. He expects an output of around 10t this month, without much change MoM. He doesn't hold stock now, unchanged MoM.
A consumer in Zhejiang province reveals that his regular suppliers still quote around RMB117/kg (USD16.2/kg) EXW T/T 60 days for rough sintered NdFeB magnet N35 (block) for him at present. Based on his experience, he could purchase at about RMB114/kg (USD15.8/kg) now, without much change from early this week. He concluded his latest procurement late last week, when he bought five tons at around RMB114/kg (USD15.8/kg). "I plan to hold a wait-and-see attitude towards the Chinese rough sintered NdFeB magnet N35 (block) market in the coming week," said the consumer, who couldn't bargain for cheaper prices from suppliers and foresees further steady prices in the Chinese rough sintered NdFeB magnet N35 (block) market in the coming week.
With an annual consumption capacity of 120t of rough sintered NdFeB magnet N35 (block), the consumer expects to use around eight tons this month, without much change MoM. His consumption volumes last year and so far this year recorded approximately 72t and 23t respectively. He holds an inventory of around 10t now, up by three tons MoM.
