China Neodymium Oxide Price - October 21, 2020

Rare earth market quotation in China: neodymium oxide price maintains stability while praseodymium neodymium oxide and metal prices edge higher on October 21, 2020. In the case of poor macroeconomic market, the whole market keeps quiet. 

In the light rare earth market, there is no significant change in the market for the time being. Downstream users are basically cautious and wait and see, and they just purchase on the quantity they need. Therefore, it is difficult for the holders to raise their quotations. However, when some metal factories are willing to purchase praseodymium and neodymium oxide, metal praseodymium and neodymium, the price of oxide products moved up slightly.

In the medium and heavy rare earth market, the overall inquiries and purchase enthusiasm is not very high. Although the purchasing and storage signals are still there, Myanmar imports are limited, and the new energy vehicle market is promising, it is still difficult to offset the continued spread of epidemic and the downturn in the external market, product prices are more difficult to update. The listing prices of Southern Rare Earths this week was the same as last week.

Prices of rare earth products on October 21, 2020

neodymium oxide price image

Picture of neodymium oxide

neodymium oxide image

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