Monday, June 12, 2023

Mild Steel Plate Prices, Trends & Forecasts | Provided by Procurement Resource

 Mild steel plate is a type of carbon steel which has small quantities of carbon, typically around 0.05% to 0.25% (on the basis of weight). It primarily constitutes iron and carbon, and the higher the content of carbon, the harder and stronger it becomes.

Request for Real-Time Mild Steel Plate Prices: https://procurementresource.com/resource-center/mild-steel-plate-price-trends/pricerequest

In case of additional carbon is included in the product, the steel forms cast iron. The steel plate has various properties like being lightweight, malleable, ductile (ductility without breakage or damage), weldable, and machinable in comparison to other carbon and steel, resistant to abrasion, fine surface finish and high level of hardness and energy.

Key Details About the Mild Steel Plate Price Trend:

Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the mild steel plate price in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.

Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as excel files that can be used offline.

The mild steel plate Price trend, chart, including India mild steel plate price, USA mild steel plate price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.

Industrial Uses Impacting Mild Steel Plate Price Trend:

Price-TrendThe market for mild steel plate is propelling forward owing to a plethora of properties of the commodity, which makes it a great choice for applications like shaping and welding. Furthermore, the commodity's main application is in the construction industry, as it is easy to cut, shape, and drill as needed.

In addition, they are available in many shapes, sizes, and forms and are employed for bending and rolling. Other applications of the commodity include its use in making products such as furniture, wire, nails, structural steel, automobiles, decorations, and fencing.

Read Also -  

Moreover, the broad applications of the product across a wide range of industries, including the oil and gas process, marine industry, nuclear and thermal plant strengthen the mild steel plate market. Further, the chemical and petrochemical industry, food process, seawater application, power generation plant, shipbuilding, pulp, and paper industry adds to the strong hold of the mild steel plate market.

Key Players:

  • POSCO
  • Hico Multifin Products Private Limited
  • Gravita India Ltd
  • Canada Metal North America Ltd
  • Jamestown North America
  • Boliden Group

News & Recent Development

  • 26 May 2023- Prices of domestic steel prices were under pressure at the beginning of FY24 as demand from China dropped.

Related Report:

About Us:

Procurement Resource offers in-depth research on product pricing and market insights for more than 500 chemicals, commodities, and utilities updated daily, weekly, monthly, and annually. It is a cost-effective, one-stop solution for all your market research requirements, irrespective of which part of the value chain you represent.

We have a team of highly experienced analysts who perform comprehensive research to deliver our clients the newest and most up-to-date market reports, cost models, price analysis, benchmarking, and category insights, which help in streamlining the procurement process for our clientele. Our team tracks the prices and production costs of a wide variety of goods and commodities, hence, providing you with the latest and consistent data.

To get real-time facts and insights to help our customers, we work with a varied range of procurement teams across industries. At Procurement Resource, we support our clients, with up-to-date and pioneering practices in the industry, to understand procurement methods, supply chain, and industry trends, so that they can build strategies to achieve maximum growth.

Contact Us:

Company Name: Procurement Resource
Contact Person: Amanda Williams
Email: sales@procurementresource.com
Toll-Free Number: USA & Canada – Phone no: +1 307 363 1045 | UK – Phone no: +44 7537 132103 | Asia-Pacific (APAC) – Phone no: +91 1203185500
Address: 30 North Gould Street, Sheridan, WY 82801, USA
Reference Link - https://theprocurementexpert.com/mild-steel-plate-prices-trends/

Acetic anhydride Manufacturing Cost Analysis Report, Manufacturing Process, Raw Materials Requirements, Costs and Key Process Information, Provided by Procurement Resource

 The latest report titled “Acetic anhydride manufacturing” by Procurement Resource, a global procurement research and consulting firm, provides an in-depth cost analysis of the manufacturing process of Acetic anhydride.

Procurement Resource study is based on the latest prices and other economic data available. It also offers additional analysis of the report with detailed breakdown of all cost components (capital investment details, manufacturing cost details, economics for another plant location, dynamic cost model). In addition, the report incorporates the manufacturing process with detailed process and material flow, capital investment, operating costs along with financial expenses and depreciation charges.

Request For Free Sample: https://procurementresource.com/production-cost-report-store/acetic-anhydride/request-sample

Procurement Resource’s detailed report describes the stepwise consumption of material and utilities along with a detailed process flow diagram. Furthermore, the study assesses the latest developments within the industry, including Acetic anhydride manufacturing process, that might influence Acetic anhydride manufacturing cost, looking into capacity expansions, plant turnarounds, mergers, acquisitions, and investments.

Product Definition:

Acetic anhydride is a colourless, pungent liquid. It is a chemical compound with a sour taste that is created from acetic acid, an odourless liquid found in vinegar. Acetic anhydride is primarily used to produce the thermoplastic material cellulose acetate, which is used to make photographic film, textiles, and cigarette filters. In the synthesis of organic compounds, such as when aspirin is synthesised, it also functions as a reagent. It is combustible and can explode if heated or exposed to flame. Acetic anhydride must be handled and stored carefully.

Market Drivers:

Acetic anhydride is a common reagent essential to the synthesis of many chemical compounds. Among other substances, it is used to create acetic acid, vinyl acetate, and acetic anhydride derivatives. It serves largely as a preservative when used as a food additive. Acetic anhydride consumption is anticipated to rise along with the need for food additives. It is also a vital ingredient in the manufacturing of several medications, such as aspirin, paracetamol, and antibiotics. However, cellulose acetate, a thermoplastic substance used to make photographic film, fabrics, and cigarette filters, is predominantly produced using acetic anhydride. Acetic anhydride demand is anticipated to rise in response to the rising demand for these goods.

Looking for an exhaustive and personalised report that could significantly substantiate your business?

Although Procurement Resource leaves no page unfurled in terms of the rigorous research for the commodities that make the heftiest base of your business, we incline more towards tailoring the reports per your specificities. All you need is one-to-one consulting with our seasoned consultants to comprehend the prime parameters you are looking to pin your research on.

Some of the common requests we receive from our clients include:

  • Adapting the report to the country/region where you intend to establish your plant.
  • Adjusting the manufacturing capacity of the plant according to your needs.
  • Customizing machinery suppliers and costs to meet your requirements.
  • Providing additional information to the existing scope based on your needs.

Read Also: https://procurementresource.blogspot.com/2023/06/acrylic-acid-manufacturing-cost.html

About Us:

Procurement Resource ensures that our clients remain at the vanguard of their industries by providing actionable procurement intelligence with the help of our expert analysts, researchers, and domain experts. Our team of highly seasoned analysts undertakes extensive research to provide our customers with the latest and up-to-date market reports, cost models, price analysis, benchmarking, and category insights, which aid in simplifying the procurement process for our clientele.

Procurement Resource work with a diverse range of procurement teams across industries to get real-time data and insights that can be effectively implemented by our customers. As a team of experts, we also track the prices and manufacturing costs of an extensive range of goods and commodities, thus, providing you with updated and reliable data.

We, at Procurement Resource, with the help of the latest and cutting-edge techniques in the industry, help our clients understand the supply chain, procurement, and industry climate so that they can form strategies that ensure their optimum growth.

Contact Us:

Company Name: Procurement Resource
Contact Person: Jolie Alexa
Email: sales@procurementresource.com
Toll-Free Number: USA & Canada – Phone no: +1 307 363 1045 | UK – Phone no: +44 7537 132103 | Asia-Pacific (APAC) – Phone no: +91 1203185500
Address: 30 North Gould Street, Sheridan, WY 82801, USA

Acrylic acid Manufacturing Cost Analysis Report, Manufacturing Process, Raw Materials Requirements, Costs and Key Process Information, Provided by Procurement Resource

 The latest report titled “Acrylic acid manufacturing” by Procurement Resource, a global procurement research and consulting firm, provides an in-depth cost analysis of the manufacturing process of Tomato paste.

Procurement Resource study is based on the latest prices and other economic data available. It also offers additional analysis of the report with detailed breakdown of all cost components (capital investment details, manufacturing cost details, economics for another plant location, dynamic cost model). In addition, the report incorporates the manufacturing process with detailed process and material flow, capital investment, operating costs along with financial expenses and depreciation charges.

Request For Free Sample: https://procurementresource.com/production-cost-report-store/acrylic-acid/request-sample

Procurement Resource’s detailed report describes the stepwise consumption of material and utilities along with a detailed process flow diagram. Furthermore, the study assesses the latest developments within the industry, including Acrylic acid manufacturing process, that might influence Acrylic acid manufacturing cost, looking into capacity expansions, plant turnarounds, mergers, acquisitions, and investments.

Product Definition:

The chemical formula for acrylic acid is CH2=CHCOOH. It has a distinct smell and is a clear liquid. Two typical polymers manufactured primarily from acrylic acid as a monomer are polyacrylic acid and superabsorbent polymers. Through copolymerization or polymerization with different monomers, it can be used to produce materials with the necessary properties. Acrylic acid can be used for a variety of purposes due to its high reactivity and simplicity in undergoing chemical reactions including esterification and cross-linking. It is often used in adhesives and sealants due to its potent adhesive properties. Due to its strong weatherability and UV resistance, it is appropriate for outdoor applications. Additionally, acrylic acid is utilized in textile finishing, paint, varnish, and personal care products.

Market Drivers:

One of the main market drivers is the expanding demand for polymers composed of acrylic in a variety of sectors. Acrylic acid is a crucial monomer for the production of polymers such as polyacrylic acid (PAA), superabsorbent polymers (SAP), and acrylic-based resins. Numerous sectors, such as those producing textiles, coatings, paints, and personal care products, use these polymers. The growth of these companies, which is supported by population growth, urbanization, and consumer preferences, increases the demand for acrylic acid. Another factor is the rising demand for ecologically friendly and sustainable goods. The recommended acrylic acid-based polymers include water-based acrylic paints and adhesives due to their low emissions of volatile organic compounds (VOCs) and little harmful impacts on the environment.

Looking for an exhaustive and personalised report that could significantly substantiate your business?

Although Procurement Resource leaves no page unfurled in terms of the rigorous research for the commodities that make the heftiest base of your business, we incline more towards tailoring the reports per your specificities. All you need is one-to-one consulting with our seasoned consultants to comprehend the prime parameters you are looking to pin your research on.

Some of the common requests we receive from our clients include:

  • Adapting the report to the country/region where you intend to establish your plant.
  • Adjusting the manufacturing capacity of the plant according to your needs.
  • Customizing machinery suppliers and costs to meet your requirements.
  • Providing additional information to the existing scope based on your needs.

About Us:

Procurement Resource ensures that our clients remain at the vanguard of their industries by providing actionable procurement intelligence with the help of our expert analysts, researchers, and domain experts. Our team of highly seasoned analysts undertakes extensive research to provide our customers with the latest and up-to-date market reports, cost models, price analysis, benchmarking, and category insights, which aid in simplifying the procurement process for our clientele.

Procurement Resource work with a diverse range of procurement teams across industries to get real-time data and insights that can be effectively implemented by our customers. As a team of experts, we also track the prices and manufacturing costs of an extensive range of goods and commodities, thus, providing you with updated and reliable data.

We, at Procurement Resource, with the help of the latest and cutting-edge techniques in the industry, help our clients understand the supply chain, procurement, and industry climate so that they can form strategies that ensure their optimum growth.

Contact Us:

Company Name: Procurement Resource
Contact Person: Jolie Alexa
Email: sales@procurementresource.com
Toll-Free Number: USA & Canada – Phone no: +1 307 363 1045 | UK – Phone no: +44 7537 132103 | Asia-Pacific (APAC) – Phone no: +91 1203185500
Address: 30 North Gould Street, Sheridan, WY 82801, USA

Price Trends of Groundnut Oil in its Latest Insights and Dashboard

Groundnut Oil or peanut oil is an organic oil made from peanuts and is prepared by pressing harvested peanuts. It has a slightly nutty flavour and is present in unrefined, refined and roasted forms. It is high in nutrients like Vitamin E and K, monounsaturated fatty acids (MUFA), trans fatty acids, polyunsaturated fatty acids (PUFA), and saturated fatty acids (SFA). It has many functions and plays the role of an anti-inflammatory, antioxidant, anticancer, antidiabetic and anti-microbial agent.

Request for Real-Time Groundnut Oil Prices: https://procurementresource.com/resource-center/groundnut-oil-price-trends/pricerequest

It helps with regulating blood cholesterol, reducing bad cholesterol and risk associated with heart issues as well as prevention of diabetes and obesity. It is typically used for deep frying since it has a high smoking point (437℉ or 225℃).

Key Details About the Groundnut Oil Price Trend:

Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Groundnut Oil price in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.

Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as excel files that can be used offline.

The Groundnut Oil Price chart, including India Groundnut Oil price, USA Groundnut Oil price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.

Industrial Uses Impacting Groundnut Oil Price Trend:

Price Trend

Groundnut Oil is a cooking oil which is used for applications like grilling, frying, sautéing, seasoning and tempering since it has a neutral flavour. It finds applications besides cooking and is used as a garnish and dressing. In addition, it is added to food products such as sweets, bakery and to, soups, gravies, snacks and chutney, which furthers its market demand. Also, the oil has many health benefits and gaining popularity among consumers for its health benefits which furthers the industry's development.

Key Players:

  • Olam International
  • CHS Inc.
  • Cargill, Inc.
  • Wilmar International Limited
  • Archer Daniels Midland Company
  • Ventura Foods

News & Recent Development

  • 5th February 2023- Groundnut oil stays strong despite the decline in other edible oils like palm or soybean oil. The prices of oil prices are trending higher due to a lack of supply for groundnuts.

About Us:

Procurement Resource offers in-depth research on product pricing and market insights for more than 500 chemicals, commodities, and utilities updated daily, weekly, monthly, and annually. It is a cost-effective, one-stop solution for all your market research requirements, irrespective of which part of the value chain you represent.

We have a team of highly experienced analysts who perform comprehensive research to deliver our clients the newest and most up-to-date market reports, cost models, price analysis, benchmarking, and category insights, which help in streamlining the procurement process for our clientele. Our team tracks the prices and production costs of a wide variety of goods and commodities, hence, providing you with the latest and consistent data.

To get real-time facts and insights to help our customers, we work with a varied range of procurement teams across industries. At Procurement Resource, we support our clients, with up-to-date and pioneering practices in the industry, to understand procurement methods, supply chain, and industry trends, so that they can build strategies to achieve maximum growth.

Contact Us:

Company Name: Procurement Resource
Contact Person: Chris Byrd
Email: sales@procurementresource.com
Toll-Free Number: USA & Canada – Phone no: +1 307 363 1045 | UK – Phone no: +44 7537 132103 | Asia-Pacific (APAC) – Phone no: +91 1203185500
Address: 30 North Gould Street, Sheridan, WY 82801, USA

Acetylene Manufacturing Cost Analysis Report, Manufacturing Process, Raw Materials Requirements, Costs and Key Process Information, Provided by Procurement Resource

 The latest report titled “Acetylene manufacturing” by Procurement Resource, a global procurement research and consulting firm, provides an in-depth cost analysis of the manufacturing process of Tomato paste.

Procurement Resource study is based on the latest prices and other economic data available. It also offers additional analysis of the report with detailed breakdown of all cost components (capital investment details, manufacturing cost details, economics for another plant location, dynamic cost model). In addition, the report incorporates the manufacturing process with detailed process and material flow, capital investment, operating costs along with financial expenses and depreciation charges.

Request For Free Sample: https://procurementresource.com/production-cost-report-store/acetylene/request-sample

Procurement Resource’s detailed report describes the stepwise consumption of material and utilities along with a detailed process flow diagram. Furthermore, the study assesses the latest developments within the industry, including Acetylene manufacturing process, that might influence Acetylene manufacturing cost, looking into capacity expansions, plant turnarounds, mergers, acquisitions, and investments.

Product Definition:

Acetylene, having the molecular formula C2H2, is a highly flammable hydrocarbon gas. It is an odorless gas with a distinctive taste. It is created when calcium carbide reacts with water. It is a good fuel for many applications due to its strong flammability and explosive character. It can be used to weld and cut metals since it produces a lot of heat when burned in the presence of oxygen. It may set oxygen ablaze in a controlled environment to create a dazzling, concentrated flame. This property makes it a common component in oxyacetylene cutting and welding torches. It is a desirable fuel and chemical precursor in industrial applications like welding, cutting, and chemical synthesis due to its strong flammability, heat release, and reactivity.

Market Drivers:

The metal-producing industry has a big impact on the acetylene market. It is often used as fuel in oxyacetylene welding and cutting processes. Due to its high heat release and concentrated flame, it is beneficial for welding, brazing, and soldering processes in the manufacture of metal. The growth of the metal fabrication sector, notably in sectors like manufacturing, the automobile, and construction, has an impact on demand. The chemical industry also influences the market considerably. Acetylene can be used as a raw material to create a variety of chemicals, including butadiene, vinyl chloride, and acetic acid. These substances are used in a variety of sectors, including those that make use of plastics, polymers, solvents, and synthetic fibers. It is used in flame cutting, thermal spraying, and heat-treating processes, where precise and controlled heat is required.

Looking for an exhaustive and personalised report that could significantly substantiate your business?

Although Procurement Resource leaves no page unfurled in terms of the rigorous research for the commodities that make the heftiest base of your business, we incline more towards tailoring the reports per your specificities. All you need is one-to-one consulting with our seasoned consultants to comprehend the prime parameters you are looking to pin your research on.

Some of the common requests we receive from our clients include:

  • Adapting the report to the country/region where you intend to establish your plant.
  • Adjusting the manufacturing capacity of the plant according to your needs.
  • Customizing machinery suppliers and costs to meet your requirements.
  • Providing additional information to the existing scope based on your needs.

About Us:

Procurement Resource ensures that our clients remain at the vanguard of their industries by providing actionable procurement intelligence with the help of our expert analysts, researchers, and domain experts. Our team of highly seasoned analysts undertakes extensive research to provide our customers with the latest and up-to-date market reports, cost models, price analysis, benchmarking, and category insights, which aid in simplifying the procurement process for our clientele.

Procurement Resource work with a diverse range of procurement teams across industries to get real-time data and insights that can be effectively implemented by our customers. As a team of experts, we also track the prices and manufacturing costs of an extensive range of goods and commodities, thus, providing you with updated and reliable data.

We, at Procurement Resource, with the help of the latest and cutting-edge techniques in the industry, help our clients understand the supply chain, procurement, and industry climate so that they can form strategies that ensure their optimum growth.

Contact Us:

Company Name: Procurement Resource
Contact Person: Jolie Alexa
Email: sales@procurementresource.com
Toll-Free Number: USA & Canada – Phone no: +1 307 363 1045 | UK – Phone no: +44 7537 132103 | Asia-Pacific (APAC) – Phone no: +91 1203185500
Address: 30 North Gould Street, Sheridan, WY 82801, USA

Crude Palm Oil Price Trend Analysis, Historical Chart and Forecast Analysis Provided by Procurement Resource

 Crude Palm Oil (CPO) is the edible oil produced from the fruit pulp of oil palms (Elaeis guineensis). Its plantations are widely grown in Southeast Asian countries, such as Indonesia and Malaysia, for CPO production. In nature, it resembles the colour of the pulp due to the high inactive content of vitamin A.

Request for Real-Time Crude Palm Oil Prices: https://procurementresource.com/resource-center/crude-palm-oil-price-trends/pricerequest

It can be distinguished from coconut or kernel oil and is typically mixed with coconut oil to yield highly saturated vegetable fat used in cooking. Its fatty acid composition consists of lauric acid, oleic acid, palmitic acid, myristic acid, stearic acid, and linoleic acid.

Key Details About the Crude Palm Oil Price Trend:

Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Crude Palm Oil price in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.

Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as excel files that can be used offline.

The Crude Palm Oil Price chart, including India Crude Palm Oil price, USA Crude Palm Oil price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.

Industrial Uses Impacting Crude Palm Oil Price Trend:

Price Trend

Crude Palm oil has usage in culinary applications, mainly in West Africa, South-East Asia, and a few areas in Brazil. On a commercial scale, it is used in cooking due to it being cheap, which boosts its sales in the sector. In addition to cooking, it is also used to industrially make pre-packaged food like chocolate, pizza, and doughnuts; hair care products like shampoo; cosmetics; cleaning supplies; and personal care items (soap, deodorant, toothpaste), which boosts the demand in the market. It plays a key role in biodiesel production and works as a fuel in motor vehicles, aircraft and shipping. Also, due to it being oxidation resistant, it has a longer shelf-life which boosts its market development.

Key Players:

  • FGV Holdings Berhad
  • IOI Corporation Berhad
  • Sime Darby Plantation Berhad
  • Musim Mas Holdings Pt. Ltd
  • Bumitama Agri Ltd.
  • Adani Group
  • Emamiltd
  • Asian Agri
  • Apical Group Ltd.

News & Recent Development

  • 25th May 2023- Following a drop of more than 20 percent in 2023, the prices of palm oil will slip further due to frail demand and the pressure of constant demand for soft imports from India and Mainland China.

About Us:

Procurement Resource offers in-depth research on product pricing and market insights for more than 500 chemicals, commodities, and utilities updated daily, weekly, monthly, and annually. It is a cost-effective, one-stop solution for all your market research requirements, irrespective of which part of the value chain you represent.

We have a team of highly experienced analysts who perform comprehensive research to deliver our clients the newest and most up-to-date market reports, cost models, price analysis, benchmarking, and category insights, which help in streamlining the procurement process for our clientele. Our team tracks the prices and production costs of a wide variety of goods and commodities, hence, providing you with the latest and consistent data.

To get real-time facts and insights to help our customers, we work with a varied range of procurement teams across industries. At Procurement Resource, we support our clients, with up-to-date and pioneering practices in the industry, to understand procurement methods, supply chain, and industry trends, so that they can build strategies to achieve maximum growth.

Contact Us:

Company Name: Procurement Resource
Contact Person: Chris Byrd
Email: sales@procurementresource.com
Toll-Free Number: USA & Canada – Phone no: +1 307 363 1045 | UK – Phone no: +44 7537 132103 | Asia-Pacific (APAC) – Phone no: +91 1203185500
Address: 30 North Gould Street, Sheridan, WY 82801, USA

Neodymium Price Chart, Historical and Forecast Analysis Provided by Procurement Resource

 Neodymium (Nd) is a chemical element and rare-earth metal belonging to the lanthanide series of the periodic table. The inorganic element appears to be silvery white in colour and has a shiny yellow look and lustre. It offers various properties like ductility, the ability to oxidize in the air, malleability, forming an oxide readily etc., which furthers the market demand. From the rare-earth elements, it is the second most abundant element.

Request for Real-Time Neodymium Prices: https://procurementresource.com/resource-center/neodymium-price-trends/pricerequest

It is mined in areas such as Sri Lanka, Brazil, India, China, the United States, and Australia. It has a molar mass of 144.2 g mol -1 and a density of 7.0 g cm-3. Its melting and boiling points are 1024 °C and 3074 °C, respectively.

Key Details About the Neodymium Price Trend:

Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Neodymium price in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.

Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as excel files that can be used offline.

The Neodymium Price Trend, chart, including India Neodymium price, USA Neodymium price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.

Industrial Uses Impacting Neodymium Price Trend:

Price-TrendNeodymium is widely employed across various industries, which is the main driver of the market. In the household appliances industry, it is employed for making products and devices like fluorescent lamps, colour televisions, and energy-saving lamps and glasses.

In addition, its alloys, like Neodymium iron and boron (NIB), are used for making permanent magnets which are incorporated in parts of loudspeakers, modern vehicles, and computer data storing.

Read Also -  https://procurementresource.blogspot.com/2023/06/blog-post_413.html

Other applications of the metal include its addition in colouring glasses (didymium glass), production of crystal (yttrium aluminium garnet) in the laser industry, steel welding, and treatment of skin cancer.

Key Players:

  • American Elements
  • Dura Magnetics, Inc.
  • ABSCO Limited
  • Umicore N.V.
  • Reade International Corp
  • HEFA Rare Earth Canada Co. Ltd.

News & Recent Development

As per the trading on a contract for difference (CFD), tracking the commodity's benchmark market, the price for Neodymium has lowered by 37.70% or 360,000 CNY/T since 2023 began.

About Us:

Procurement Resource offers in-depth research on product pricing and market insights for more than 500 chemicals, commodities, and utilities updated daily, weekly, monthly, and annually. It is a cost-effective, one-stop solution for all your market research requirements, irrespective of which part of the value chain you represent.

We have a team of highly experienced analysts who perform comprehensive research to deliver our clients the newest and most up-to-date market reports, cost models, price analysis, benchmarking, and category insights, which help in streamlining the procurement process for our clientele. Our team tracks the prices and production costs of a wide variety of goods and commodities, hence, providing you with the latest and consistent data.

To get real-time facts and insights to help our customers, we work with a varied range of procurement teams across industries. At Procurement Resource, we support our clients, with up-to-date and pioneering practices in the industry, to understand procurement methods, supply chain, and industry trends, so that they can build strategies to achieve maximum growth.

Contact Us:

Company Name: Procurement Resource
Contact Person: Amanda Williams
Email: sales@procurementresource.com
Toll-Free Number: USA & Canada – Phone no: +1 307 363 1045 | UK – Phone no: +44 7537 132103 | Asia-Pacific (APAC) – Phone no: +91 1203185500
Address: 30 North Gould Street, Sheridan, WY 82801, USA
Reference Link - https://theprocurementexpert.com/neodymium-prices-trends/

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