China Lanthanum Oxide Price - February 1, 2021

Rare earth market quotation in China: DyFe and dysprosium oxide prices rise slightly while lanthanum oxide price remains unchanged in the first trading day on February 1, 2021. 

As the Spring Festival iscoming, the sentiment of the supply and demand sides in entering the market weakened, so the transaction was limited. However, under the resonance of fundamentals and policy, the probability of market prices falling sharply is unlikely in the short term. 

In January 2021, China's Manufacturing Purchasing Managers Index (PMI) was 51.3%, a decrease of 0.6 percentage points from the previous month, and remained at 51% or above for seven consecutive months. This shows that despite the local epidemic rebound, the economy still maintains a rapid upward trend. The changes in the sub-indices showed that the growth rate of market supply and demand in January declined and remained at a relatively good level. Among them, the consumer goods industry had a good development momentum.

Prices of rare earth products on February 1, 2021

Picture of lanthanum oxide

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