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.