Cerium Oxide Prices - July 31, 2019

The neodymium oxide, praseodymium oxide and cerium oxide prices still maintain stability on weak demand and low trading activity at the end of July. Now most traders take a watchful stance. 

On the one hand, at the time of the traditional low season, downstream magnetic materials companies are afraid to blindly cover their positions, and the mode of taking goods continues to be on demand. While light rare earth suppliers are more motivated to ship under the supply and demand game and capital pressure, but consider the environmental checks, the market outlook for the market may be more favorable, and the low-cost supply has been tightened. On the other hand, affected by the second round of environmental protection inspectors and the climate, mining of small and medium-sized mining enterprises has become more difficult, resulting in long-term tight supply of medium and heavy rare earth products. Traders are reluctant to sell their products at a lower price.

Prices of rare earth products on July 31, 2019

Picture of cerium oxide

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