Prices were RMB 30,500/mt for lanthanum oxide, RMB 29,000/mt for cerium oxide, RMB 367,500/mt for praseodymium oxide, RMB 275,000/mt for neodymium oxide, RMB 272,500/mt for didymium oxide, RMB 4,150/kg for europium oxide, RMB 1,625/kg for dysprosium oxide, RMB 125,500/mt for gadolinium oxide, RMB 65,500/mt for cerium misch metal, RMB 362,500/mt for praseodymium-neodymium alloy and RMB 1,675,000/mt for dysprosium-iron alloy.

 

Rare earth market experienced declines after the May Day with trading quiet. The low prices and poor orders left producers unwilling to maintain normal production, but traders reported decent sales. Overall, market was overwhelmed by pessimism. Most market players believe rare earth prices will fall back to the levels seen in 2010 with downward trend unlikely to be arrested. 

 

Experts expect rare earth prices, heavy rare earth in particular, to fall further this week given depressed demand and a lack of market confidence.


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