Praseodymium Oxide Price - January 4, 2022

Rare earth market quotation in China: praseodymium oxide, lanthanum oxide and dysprosium oxide prices remain strong in the new year of 2023, and sellers and buyers are in a stalemate under many instabilities. 

The negotiating atmosphere between buyers and sellers is somewhat stalemate, that is, sellers have a strong sense of reluctance to sell and raise prices, while buyers basically maintain just-needed purchases, so there is still a lot of room for improvement in market activity.

From the perspective of the supply side, affected by factors such as the rapid spread of the epidemic, low temperature, environmental pressure and the current poor performance of the rare earth market, the overall operating rate of rare earth manufacturers is low, resulting in a decrease in output. The import volume is limited, and the spot supply in the market is even less. From the perspective of demand, under the continuous adjustment of epidemic prevention and control measures in many places, magnetic material enterprises and polishing enterprises have accelerated their resumption of work and production, and in order to ensure the normal production and operation of enterprises during the Spring Festival holiday, the purchasing enthusiasm of downstream users has increased compared with the previous period.

Prices of rare earth products on January 4, 2022

Picture of praseodymium oxide

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