Sharp Rise in Rare Earth Neodymium Material Pr-Nd Price 20170711
China Rare Earth Magnet Limited mainly manufacture NdFeB permanent magnets (Neodymium Iron Boron), price is mainly affected by Pr-Nd and Dy material cost.
Looking back the situation in year 2011, the price of Pr-Nd was as high as RMB2,000,000/Ton and the price increase was up to 40~120% in a matter of months. At that time, the price was only valid in the day of quoting. Gradually, material price fell back to a reasonable level in following years.
At the moment, Pr-Nd material price is on the rise. It has increased by 32% from RMB320,000/Ton in early of 2017 to RMB420,000/Ton. The price rising rate is more than 31%. At present, the validity period of neodymium magnet price is 3 days at most. Market supply of the material is limited and short. It is predicted that the material price will continue to rise in the coming days. The amount of price increase and duration are unknown. Besides, neodymium material preparation time and production time of NdFeB magnets will be 10~15 days longer than usual because of the shortage of material.
Permanent magnets manufacturer China Rare Earth Magnet Limited suggests customers place orders in advance as per their own demands and schedule to avoid higher price losses and delay in delivery. In recent years rare earth permanent magnets have more and more uses. Neodymium magnet itself in the magnetic properties, coating, shape, etc. also showed more diversification. If you don’t mind please tell us the usage of your magnet so that we can select the most economic ones in respect of grade, coating, shape, etc. and at the same time to achieve its function.
Looking back the situation in year 2011, the price of Pr-Nd was as high as RMB2,000,000/Ton and the price increase was up to 40~120% in a matter of months. At that time, the price was only valid in the day of quoting. Gradually, material price fell back to a reasonable level in following years.
At the moment, Pr-Nd material price is on the rise. It has increased by 32% from RMB320,000/Ton in early of 2017 to RMB420,000/Ton. The price rising rate is more than 31%. At present, the validity period of neodymium magnet price is 3 days at most. Market supply of the material is limited and short. It is predicted that the material price will continue to rise in the coming days. The amount of price increase and duration are unknown. Besides, neodymium material preparation time and production time of NdFeB magnets will be 10~15 days longer than usual because of the shortage of material.
Permanent magnets manufacturer China Rare Earth Magnet Limited suggests customers place orders in advance as per their own demands and schedule to avoid higher price losses and delay in delivery. In recent years rare earth permanent magnets have more and more uses. Neodymium magnet itself in the magnetic properties, coating, shape, etc. also showed more diversification. If you don’t mind please tell us the usage of your magnet so that we can select the most economic ones in respect of grade, coating, shape, etc. and at the same time to achieve its function.
