Sliding Prices in Neodymium Metal Market

Consumers delay purchasing further and lose confidence in current market. Neodymium metal mainstream prices slide from RMB430,000-450,000/t(USD53,064-72,360/t) last week to RMB410,000-430,000/t(USD49,848-53,064/t) at present.

A source from a smelter in South China claimed that the plant lowers their offer further to RMB430,000/t(USD53,064/t) at the moment. As consumers rely on immediate purchasing, they are under great pressure to conclude deals in bulk. "We have to lower our offer to stimulate deals for the time being." said the source.

"I am pessimistic about the future market," added the source, disclosing that the plant produces around 25 tons of neodymium metal per month.

A source from another smelter in South China noted that buyers are still cartious in rebuilding stocks in bulk. The mainstream prices slide slightly to RMB410,000-430,000/t(USD49,848-53,064/t) at present. "We resume production this month and now it is hard to conclude deals as consumers delay pruchasing further." said the source.

"I heard that some suppliers even sold the material at RMB400,000/t(USD64,320/t) last week," added the source, disclosing that the plant produces around 30tons of neodymium metal per month.

             


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