ISE May 05, 2020 - Currently, Chinese Dysprosium Oxide general prices remain 99,5% min at RMB1.770-1.790 / kg (USD250-253 / kg) EXW D / P, unchanged from the previous week. The main suppliers even quote 1.800 RMB / kg (254 USD / kg) and have no intention of selling below 1.780 RMB / kg (251 USD / kg). Most customers only buy for orders that have already been received, as they have reduced their production since the end of March. With PrNd Oxide rising in price and national reserve rumors, major suppliers are in no hurry to sell Dysprosium Oxide 99,5% min immediately. With the market still in a stalemate, market participants believe that prices for Chinese dysprosium oxide 99,5% min would remain stable for the coming week.
A producer in southern China announced that it is now trading RMB1.790 / kg (USD253 / kg) EXW D / P for dysprosium oxide 99,5% min and prices below RMB1.780 / kg (USD251 / kg) as it was a week ago , would not accept. "Because of the fixed cost of production and rumors of national reserves, I'm in no hurry to sell now," the source said. He last sold a tonne of Dysprosium Oxide 99,5% min earlier this month at a price of around 1.800 RMB / kg (254 USD / kg). Given the wait-and-see attitude of suppliers, he assumes that prices for Chinese dysprosium oxide 99,5% min will remain stable for the coming week.
The manufacturer, which has an annual production capacity of 100 t of dysprosium oxide 99,5% min, produced about six and a half tons in March and expects the same amount this month. It now has around 10 tons in stock, an increase of five tons per month. In 2019 it produced a total of about 55 t and accepts the same amount for this year.
A trader in southern China said he is now setting the price of dysprosium oxide 99,5% min at around 1.780 RMB / kg (251 USD / kg) and would not accept lower prices like a year ago. "The current 99,5% min dysprosium oxide market remains at an impasse and consumers would refuse to buy above RMB1.780 / kg (USD251 / kg)," the source said. He didn't sell any Dysprosium Oxide 99,5% min in the past month. Its last one-ton deal was closed in mid-March at a cost of around RMB 1.850 / kg (US $ 261 / kg). With the big producers still watching the market, he estimates that prices for Chinese dysprosium oxide 99,5% min will stay firm for the coming week.
The trader, who assumes a regular monthly trading volume of two tons, sold one ton in March and was unable to do any business that month. He now has about two tons of supplies, just like a month ago. In 2019, it sold a total of around 20 tons, 10 tons less than in 2018.
