The NdFeB market is bleak and the situation is not optimistic

The NdFeB market is still deserted and there are fewer inquiries. Some NdFeB producers say that the current operating rate has dropped from 70% in April to about 20%. Some manufacturers have said that they have stopped production, and now there is no stoppage of production. Reluctantly maintained. In the case of a dismal situation in the NdFeB market, there are still plenty of orders for major manufacturers with NdFeB patents.

As the demand for NdFeB is not very high, the market for loquats is also very deserted. There are fewer requests for quotation, and there are very few deals. The price ranges from 49-52 thousand yuan per ton. Affected by the market downturn, the NdFeB scrap market is also very bleak, with scrap magnets at 110-120 yuan/ton and sludge at 60-70 yuan/ton. However, this is only a market with no price, according to the processing of NdFeB. Manufacturers of scrap indicate that it is difficult to purchase scrap magnets and sludge.

Ruidao Metals believes that the NdFeB market will remain in its current sluggish state in the six months of July, August and August. It will be better than September to August after entering September, but it is not affected by the economic situation at home and abroad. Affected by the economy, the market situation of NdFeB this year will still be more severe.