China’s Domestic Rare Earth Price - January 17, 2022

At the beginning of the week, China’s domestic rare earth price showed a mixed pattern as a whole. Affected by the increasing atmosphere of the Spring Festival holiday, downstream magnetic material companies were more active in inquiring and purchasing, which prompted suppliers to hold their stocks and be reluctant to sell and hope for growth. However, with the sharp rise in raw material prices, buyers' fear of heights has also increased, coupled with limited liquidity, the order speed has slowed down.

In terms of news: customs export data shows that in December 2021, 4,087.6 tons of rare earth commodities were exported, with an export value of 380 million yuan. Compared with the previous month, the export volume of rare earths decreased by 15.9%, and the export value decreased by 2.6%; compared with the same period last year, the export volume decreased by 1.9% year-on-year, and the export value increased by 46.2% year-on-year.

Prices of rare earth products on January 17, 2022

China’s domestic rare earth price image

Picture of europium oxide

europium oxide image

Follow our WeChat to know the latest tungsten price, information and market analysis.

 

 

WeChat