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Home / Metal News / China March Pr-Nd alloy output and April forecast

China March Pr-Nd alloy output and April forecast

Apr 10, 2024 14:08

Source:SMM

In March 2024, domestic production of Pr-Nd alloy was 5,744 mt, up 12% MoM.

In March 2024, domestic production of Pr-Nd alloy was 5,744 mt, up 12% MoM.

The operating rate of Pr-Nd alloy market picked up after CNY holidays, and the monthly output increased by 12% MoM. Downstream magnetic material companies had severe backlog of orders after CNY, boosting the operating rate of magnetic materials companies in March. In addition, the spot circulation in the market tightened due to purchases by a large company. Owing to the depletion of orders during CNY, Pr-Nd alloy demand is expected to slow down, dragging down production in April. SMM will continue to pay attention to spot market transactions.

Output

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

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