Stable rare earth market, price declines narrowed

The current downturn in the rare earth market is still deserted , but the price decline narrowed, today most stable prices of rare earth products . Praseodymium neodymium metal market today, manufacturers and traders offer more stable , did not continue to cut prices sharply . NdFeB manufacturers of downstream products offer a smooth or slightly rough cut , manufacturers have been reflected in the price of N35 praseodymium neodymium metal box down the impact , the price has been lowered , the current price is slightly rough with no votes from the previous 128 yuan / kg down to 125 yuan / kg. But there are still manufacturers offer high at 130 yuan / kg or more, and there is almost no adjustment in January .

Demand for light products market gadolinium , gadolinium oxide prices steady today at 150,000 yuan / ton in the vicinity , gadolinium iron with votes at around 163,000 yuan / ton. Despite the slightly lower part of the business early this week quoted 1-2 thousand dollars / ton, but the overall price basically unchanged from last week .

Baotou Rare Earth Products Exchange will test operation on the 28th of this month , has been released , according to the day of trial operation will look oxide species , 28 neodymium oxide, praseodymium oxide, cerium oxide, europium be traded . Depending on the product features, price changes and minimum trading unit are different from each other daily trading limit quotes Change rate of the previous day 's settlement price + -6%. From the end of February Baotou Rare Earth Oxide Exchange launched the spot market quotes , quotes show steady for nearly a week , but generally significantly higher than the spot market the actual transaction price . In early March , the package dilute the spot trading platform upfront auction praseodymium neodymium metal species , the transaction price 425,000 yuan / ton, and then the spot market mainstream transaction prices are basically the same . Management is increasingly rare earth industry toward standardization , Exchange launched the details of the transaction will be more convenient to businesses , law more in line with market transactions . Despite the short-term may have little effect on the market , fewer participants , but in the long term the market will produce a positive effect.


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