Quiet Neodymium Oxide Price is Too Weak to Maintain

Plagued by a grim economic outlook and weakened demand, neodymium oxide market continues to see rare deals and softening prices.

A source from a separation plant in South China claimed that slow demand continues to generate downwards pressure on neodymium oxide price. “We make an offer of RMB390,000/t (USD62,595/t) for the material now, down slightly compared with that of last week,” said the source. “Consumers still delay purchasing so the inquiries keep rare in the neodymium oxide spot market.”

The plant used to produce 30 tons of neodymium oxide per month. According to the source, neodymium oxide suppliers  failed to conclude deals last week.

A source from a separation plant in South China also expressed that neodymium oxide market shows no signs of rebounding with mainstream offers hovering at RMB380,000-400,000/t (USD60,990-64,200/t) at present. “Consumers have no intention to rebuild neodymium oxide stocks, which leads us to be under pressure to conclude deals,” said the source. “What’s worse, I heard that some traders even quote RMB350,000/t (USD56,175/t) for neodymium oxide price now in order to win orders”.

“The last small deal was concluded at RMB380,000/t(USD60,990/t) with a regular client last week,” added the source, revealing that the plant produces around 40 tons of neodymium oxide per month.

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