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Rare Earth weekly Market Review 0327 – 0401

April 06,2017      Source:ruidow

Keywords:rare earth

 

Since the first quarter, the rare earth market experienced supply and demand structure adjustment, the rare price bottomed out, most of the rare earth products prices showed some degrees of increases.

This week the mainstream market price of lanthanum oxide was RMB 14,000 -15,000 / t, up 16% compared with that in early January; the mainstream cerium oxide market price was RMB 12,000 -13,000 / t, up 19.5% compared with that in early January; praseodymium oxide was RMB 360,000-370,000 / t, up 12.3% compared with that in early January; the mainstream price of neodymium oxide was RMB 275,000-280,000 / t, up 7% compared with that in early January; praseodymium neodymium oxide was RMB 280,000-284,000 / t, up 8.9% compared with that in early January; europium oxide was RMB 480,000-500,000 / t, up 19.5% compared with that in early January; gadolinium oxide was RMB 740,000-760,000 / t, up 5.6% compared with that in early January; terbium oxide was RMB 3,300,000-3,400,000 / t, up 14.8% compared with that in early January; dysprosium oxide was RMB 1,210,000-1,230,000 / t, up 1.7% compared with that in early January; holmium oxide was RMB 410,000-430,000/ t, up 31.25%; erbium oxide was RMB 170,000-180,000 / t, up 2.9%; lutetium oxide was RMB 4,900,000-5,000,000 / ton, up 11.2%, yttrium oxide was steady, with price of RMB 20,000 -22,000 / t.

Most participants are optimistic about the market outlook, i.e., under the background of state stockpiling and the new normal of actions against illegal mining, the rare earth market will not change its upward trend. Some people believed that with the entry of the products from separation plants, it may cause some pressure on the market. However, the market supply is still relatively tight right now, the spot goods are quickly taken away.  

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