Neodymium Oxide Price - August 4, 2020

The neodymium oxide, praseodymium neodymium oxide and praseodymium neodymium metal prices in the Chinese market are in the upward trend in early August. Under the influence of many favorable and unfavorable factors, many traders still remain cautious, reasonably controlling the growth rate of inventory, but the actual trading volume is relatively considerable.

Firstly, as the implementation time of the State Reserve has gradually shortened, the purchasing sentiment of large enterprises has increased, prompting the strong rised mentality of holders; secondly, the inventory of some companies basically bottomed out at the beginning of the month, so the enthusiasm for entering the market rose slightly; thirdly, under the background of rainy weather and environmental protection maintenance, the release of rare earth smelting enterprises' production capacity has slowed down, which has played a strong supporting role in seller’s market confidence.

Prices of rare earth products on August 4, 2020

Picture of europium oxide

Follow our WeChat to know the latest tungsten price, information and market analysis.

• < Prev
• Next >