A source from a separation plant in South China expressed that dysprosium oxide demand keeps weak with few buyers who are interested in rebuilding stocks. 

The plant quotes RMB3,000/kg (USD481/kg) for the material at present, without much change compared with that of last week. However, it is hard to complete transactions. “NdFeB magnets market is still flat, which leads buyers to be lack of motivation to make substantial purchases of dysprosium related products,” said the source. 

 

“I leant that some dysprosium oxide suppliers are selling the material at RMB2,600/kg (USD417/kg) while we prefer to hold stocks and watch the market of next year,” added the source, revealing that the plant used to produce around four tons of dysprosium oxide per month and has failed to make deals over the past week.

 

A source from another separation plant in South China also noted that consumers continue to hold wait-and-see attitudes and they are under pressure to reduce dysprosium oxide deals. “Dysprosium oxide demand remains soft and it is even difficult to make transactions at RMB2,600/kg (USD417/kg) now,” added the source, who expressed that he predicts the prices will decline a bit recently. 

 

The plant used to produce around five tons of dysprosium oxide per month and the last small deal was concluded at RMB2,600/kg (USD417/kg) with a regular client last week.