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Ruidow China Rare earth Market Weekly Review 17 -21 April

Apr.27,2017      Source:Ruidow

Keywords:Rare Earth


The rare earth market supply was tight this week, the transaction was active, and most product prices continued upward trend.

For light rare earths, lanthanum oxide price was steady, the mainstream offer was RMB 14,000 – 15,000 /t, cerium oxide RMB 12,000 -13,000 /t; the mainstream praseodymium oxide was RMB 3600,000 -370,000 /t, neodymium oxide RMB 280,000 – 285,000 /t, neodymium metal RMB 360,000 -365,000 /t;

Praseodymium neodymium oxide price was RMB 287,000 -290,000/t, praseodymium neodymium metal price was RMB 368,000 -372,000/t. The spot goods supply of praseodymium neodymium oxide was tight, the demand was strong, some metal plants were willing to sell the oxide products with prices of RMB 290,000 /t, some praseodymium neodymium metal has increased to RMB 373,000 /t, the price will continue to rise based on the current supply and demand status.

Europium oxide inquiry increased this week, the main price was RMB 520-550 /kg. The spot goods were quickly ordered and the separation plants had zero inventory, some products has been sold out when they are still in production.

For heavy rare earths, the mainstream price of gadolinium oxide was RMB 76,000 -78,000 /t, gadolinium iron RMB 88,000 -90,000 /t, terbium oxide RMB 3,350-3,450 /kg, up RMB 50/kg; dysprosium oxide RMB 1,210 -1,240 /kg, holmium oxide RMB 410,000 -430,000 /t, holmium iron RMB 430,000 -450,000 /t, erbium oxide RMB 175,000 -185,000 /t, lutetium oxide RMB 5,000 – 5,500 /kg, yttrium oxide RMB 20,000 – 22,000 / t.      

The second quarter is the traditional demand season. In the stimulation of demand and state stockpiling, the market recovered slowly, the price will continue to increase.

 

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