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CITIC Securities: Foresees Sustained Rise in Magnetic Material Exports and Domestic Demand
3 week ago /
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Author：小编
In July, exports of rare earth permanent magnet products surged by 74.96% on a monthly basis and 5.66% compared to the same period last year. Overseas clients are exhibiting heightened enthusiasm for stockpiling, extending the stockpiling cycle and subsequently fueling a spike in orders for magnetic material enterprises. It is anticipated that with the issuance of additional export licenses and the onset of the peak domestic consumption season, both exports and domestic demand will further intensify. As a result, some enterprises have extended their production schedules until mid-October, amidst a persistent strength in rare earth prices.
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