【Beep beetle guide】The rising tide of iron oxide red is still continuing, which has caused great trouble to the production of related soft magnetic material manufacturers...
Since Q2 this year, the raw material iron oxide red market price of soft magnetic materials has risen sharply, from about 5800 / ton in early May, the rise after June is almost a straight line, to the end of this month The price has soared by more than 20,000 / ton, resulting in a large demand for iron oxide red soft magnetic material manufacturers Related product costs rose sharply, causing huge pressure on these manufacturers.

Helplessly, at the end of June this year, a number of soft magnetic materials related manufacturers have issued a price adjustment contact letter, when the price of iron oxide red exceeded 15,000 / ton, 2 months have passed, the price adjustment plan given by the price adjustment contact letter at that time, even if implemented, the current price of iron oxide red is still overwhelmed for soft magnetic material manufacturers.
In recent months, practitioners in the soft magnetic materials industry, who are determined to promote the benign and healthy development of the industry, have traveled in all directions to contact relevant enterprises and associations, hoping that the chaos of iron oxide red price increases can be curbed.
Mr. Tan Huming, Secretary-General of the Magnetic Materials and Devices Branch of the China Electronic Components Industry Association, has been working hard to contact the four parties for the price increase of raw materials such as iron oxide red for months. He has been in the magnetic materials industry for 20 years, the industry can be described as "deep love, worry cut", in the face of iron oxide red geometric progression of the rising tide, he deeply feels that "the people take food as the sky, the enterprise takes the material as the food", and no enterprise can eat and consume.
He believes that if the current magnetic material industry is allowed to be wasted by monopoly enterprises at will, China's magnetic material industry may lie down, China's manufacturing system will be seriously damaged, a large number of magnetic materials enterprises will move out, or close their doors, and employees will be unemployed.
The rapid rise of foreign magnetic materials enterprises has made the market and industrial achievements of domestic magnetic materials enterprises in recent decades abandoned. The magnetic material power established over the past few decades has not been defeated by the encirclement and suppression of Western countries, but it will be destroyed in the hands of domestic resource monopoly enterprises, which is more like a fantasy.
Fortunately, through the unremitting efforts of all parties, things have a new eyebrow, it is reported that the current iron oxide red price increase has been concerned by the relevant agencies, we hope that this attention can get a good result as soon as possible, "Magnetic Components and Power" magazine will continue to pay attention to report the follow-up development of this event.
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