North America Neodymium oxides price goes up, estimated to be stable in coming weeks.

North America Neodymium oxides price goes up, estimated to be stable in coming weeks.

Summary

Stimulated by rising Chinese prices, the mainstream price of neodymium oxide (99.5% min) in the North American market in the past two weeks climbed to $50-52/kg, an increase of about $12/kg compared to the price two weeks ago.

North America Neodymium oxides price goes up, estimated to be stable in coming weeks.
Stimulated by rising Chinese prices, the mainstream price of neodymium oxide (99.5% min) in the North American market in the past two weeks climbed to $50-52/kg, an increase of about $12/kg compared to the price two weeks ago. The market was cold because the suppliers were not eager to ship. Considering that the Chinese market price has begun to show a strong trend, industry insiders expect the price of neodymium oxide (99.5% min) in the North American market to stabilize in the next week.


A North American trader said his supplier refused to sell neodymium oxide (99.5% min) at less than $52/kg, an increase of about $10/kg compared to the price a week ago. “I sent a single 5 tons of neodymium oxide (99.5% min) late last week. The lowest price I can get is $52/kg. I plan to wait and see the market temporarily,” the trader said and said he was last The purchase was bought at the beginning of April at a price of 42 US dollars / kg 2 tons. Although the North American purchasers hesitated to replenish the goods, but because the Chinese market price tends to be strong, he expects the price of North American neodymium oxide (99.5% min) will be stable in the coming week.


The trader's regular trading volume is 5 tons, and the purchase volume is 2 tons in April. It was not purchased in May. He currently holds about 5 tons of stock.


Another trader in North America said that his current price is $50/kg, and the maximum cut of $1/kg is acceptable, which is $12/kg more than two weeks ago. “On Friday I received a single inquiry of 10 tons, I quoted 50 USD / kg, and I'm currently waiting for customer feedback, I think the customer may delay the purchase,” the trader said, and said His most recent order was to sell 10 tons at a price of about 58/kg in the middle of this month. In view of the stabilization of the Chinese market price, he expects that the price of neodymium oxide (99.5% min) in the North American market will be at the current level in the coming week.


The trader's regular trading volume of 99.5% min is 10 tons, and the sales volume in May is 10 tons, which is basically the same as the previous one. Currently, he has no stock.