Soft Demand in Europium Oxide Market Prompts Prices Slip

Europium oxide 99.99% market remains stagnant with the majority of end users practicing increasingly conservative purchasing strategies. Prevailing offers of the material decrease slightly to RMB6,000-6,300/kg (USD961-1,009/kg), down by around 4% compared with RMB6,300-6,500/kg (USD1,009-1,041/kg) late last week.

A source from a separation plant in South China reported to Asian Metal that europium oxide 99.99% demand shows no signs of rebounding with mainstream offers slipping slightly to MB6,000-6,300/kg (USD961-1,009/kg) at present. “The combination of a weak downstream industry with the belief prices may still have room to fall have discouraged end users from moving to procure europium oxide 99.99% in bulk,” said the source. “We are under great pressure to complete deals.”

“I heard that some traders are willing to sell the material at prices lower than RMB6,000/kg (USD961/kg) for the time being,” added the source, revealing that the plant produces around 4 tons of europium oxide 99.99% per month.

A source from another separation plant in South China confirmed that mainstream offers of europium oxide 99.99% go down to RMB6,000-6,300/kg (USD961-1,009/kg), with a slight decrease of around 4% compared with RMB6,300-6,500/kg (USD1,009-1,041/kg) late last week. “Most consumers buy europium oxide 99.99% from hand to mouth,” said the source. “We are pessimistic about the market in the reminder of this year.”

"The last small deal was concluded at RMB6,000/kg (USD961/kg) a few days ago," added the source, revealing that the plant used to produce around 3 tons of europium oxide 99.99% per month.

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