Rare Earth Market Weakness

The rare-earth market this week downturn continues, the market turnover is still praseodymium, neodymium, gadolinium, dysprosium oxide-based. Downturn bearish market mentality, the market traded prices down low.
    
Neodymium oxide, praseodymium Monday rare earth market price decreased slightly, and for two days the market selling cheap, despite the advertised cheap, people do not think the odd onlookers. It is understood that the neodymium oxide, praseodymium excluding tax price from Monday 26 yuan / ton is approaching 257,000 yuan / ton, including tax transaction price of 305,000 yuan / ton. The dysprosium oxide market transactions poor, the transaction price drop to 200 yuan / ton. Gadolinium oxide market inquiries still more tax price basically remained stable, the current market tax 140,000 yuan / ton, the transaction price is slightly lower.
    
Week lanthanum, cerium class oxides price temporarily stable, the current price is higher than the year ago price decreased slightly, but still hardly be bottoming out. Such excess supply of rare earth products market, buyers are also mostly beat price purchases. Praseodymium, neodymium class oxides price payable to non-powered praseodymium oxide market tax price of 360,000 yuan / ton, down significantly from the 380,000 in February, neodymium oxide market tax 32-33 yuan / ton, the same The magnitude of the downstream.
    
Pr-Nd alloy market price has dropped to less than 400,000 yuan / ton, of gadolinium iron and dysprosium iron price temporarily stabilized, but the turnover downturn. If the market next week, the increase in purchase prices may be unstable.
    
Customs yesterday announced the latest rare earth export data: Chinese exports of rare earth 1,106 tons in February, a significant increase of 289.12 percent year-on-year, the average price of U.S. $ 22,654.13 / ton. Two months before the cumulative export volume of 2,198 tons, a year-on-year growth of 8.13%.

Rare Earth Supplier: Chinatungsten Online - http://www.chinatungsten.com
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Email: sales@chinatungsten.com
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