Monthly Archives: January 2021

Magnetic material industry raw materials turmoil

• 2021-01-26

Dear respected client

 

From October, 2020 ,most of raw materials are keeping up-trend. Herein, we published the main materials price table as below, hope that it can be helpful and draw your attention that we see the market moving up

产品名称	Production Name	规格 Specification	价格 Price (RMB)	均价AVE Price
氧化镨钕	Praseodymium-Neodymium Oxide	Nd2O3>=75%	455,000-460,000	457,500
镨钕金属	Praseodymium-Neodymium Metal	Nd 75-80%	565,000-570,000	567,500
氧化镝	Dysprosium Oxide	>=99.5%	2,230,000-2,250,000	2,240,000
镝铁合金	Dysprosium-Iron Alloy	Dy>=805	2,160,000-2,180,000	2,170,000
氧化铽	Terbium Oxide	>=99.9%	8,800,000-8,850,000	8,825,000
金属铽	Metal Terbium	>=99%	11,050,000-11,100,000	11,075,000
金属镧	Metal Lanthanum	>=99%	28,000-29,000	28,500
金属铈	Metal Cerium	>=99%	29,000-30,000	29,500
金属镨	Metal Praseodymium	>=99%	625,000-635,000	630,000
金属钕	Metal Neodymium	>=99%	700,000-705,000	702,500
金属钐	Metal Samarium	>=99%	90,000-95,000	92,500
钆铁合金	Gadolinium Ferroalloy	Gd>=75%	191,000-194,000	192,500
钬铁合金	Holmium Ferroalloy	Ho>=80%	685,000-690,000	687,500
原料纯铁	Raw Materials Pure Iron	YT01	6,088.9-6,000.9	6,022.90
电解铜	Electrolytic Copper	1#	59,120-59,140	59,130
电解铝	Electrolytic Aluminium	A00	15,020-15,050	15,035
电解镍	Electrolytic Nickel	1#	136,600-142,100	139,350
电解钴	Electrolytic Cobalt	>=99.8%	305,000-320,000	312,350
金属镓	Electrolytic Gallium	>=99.99%	1,900,000-1,950,000	1,925,000
海绵锆	Zirconium Sponge	>=99%	140,000-190,000	145,000
铌铁合金	Niobium Alloy	60B(65%)	185,000-190,000	187,500
硼铁合金	Ferroboron	FeB18-20C0.1	21,500-23,500	22,500

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About recent magnetic material price reason

• 2021-01-20

Recently, we have received same questions from downstream customers about the price increase of magnetic materials that some of them have puzzles and doubts about the problem. Therefore, we have made the following explanation with several main objective factors .

From October, 2020.China’s magnetic material industry has been affected by the international market, and the prices of bulk commodities have soared, especially the prices of rare earth, non-ferrous metals, iron ore, strontium ore and other raw materials. In addition, the multiple factors such as the domestic environmental protection concepts, cut or stop production of international iron and steel enterprises which have caused the price of magnetic materials have rocketed, and the supply is very tight.
For example, iron oxide has doubled from 2,000 CNY / ton in late last year to 4,000 CNY / ton, and in short supply now; FE-P has increased by 50% from 1,000 CNY / ton at the end of last year to 1,500 CNY / ton now; strontium carbonate has increased by 40% from 5,000 CNY/ ton to 7,000 CNY / ton now; cobalt oxide has increased by 12% from 190,000 CNY / ton to 230,000 CNY / ton, and the price of Pr Nd has also risen more than 50% . Judging from the development situation, the prices of these raw materials are still rising and stay high. The above mentioned materials are the main raw materials of magnetic products, accounting for more than 30% of the product cost, and permanent magnet products are even higher. The rising of raw materials cost from upstream will inevitably push up the price of magnetic materials. It is conservatively expected that the price will be pushed up by more than 10%, even higher. It is difficult for the industry itself to digest the rising cost of raw material prices, which needs to be absorbed in every link of the industrial chain.

China’s magnetic material industry has been very mature, product costs are transparent, technology and equipment of production factors have been finalized, so the profit is small, besides, the ability to self-digest the cost of raw materials is very limited, hope customers in the industry chain need to give understanding and sympathy. Of course, for the industry and enterprises, they should also dig deeper and make some sacrifices which through fine management and the development of new processes, new technologies, and new products to digest some of the rising cost pressure of raw materials. At the same time, everyone should communicate actively, do a good job in explaining it to the clients and obtain the understanding and support, and form a consensus on overall response to the unfavorable situation caused by the increase in raw material prices, and jointly maintain the smoothly and healthy development of China’s manufacturing industry.

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