SHANGHAI, May 7 (SMM) – China PrNd alloy output stood at 5,473 mt in April, up 3.6% MoM, mainly contributed by Inner Mongolia and Jiangxi.
PrNd output in Inner Mongolia rose 7% on a monthly basis, as some local manufacturers have finished replacing their equipment due to failure earlier, which pushed up the operating rates in April
The output in Jiangxi added 6% from March because a few metal companies were able to produce at full capacity after building sufficient raw material stocks. And it is expected that the output in May will remain flat.
With the normalisation of pandemic control in the Yangtze River Delta and the Pearl River Delta regions, motor and other terminal enterprises have started to resume the production, and the operating rates of magnetic enterprises are expected to increase in May.
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