China Europium Oxide Price - October 30, 2020

Rare earth market quotation in China: neodymium oxide and praseodymium neodymium oxide prices edged higher while europium oxide price remained stable in the week ended on Friday October 30, 2020 with the impact of increased market trading activity.

In the light rare earth market, affected by the lack of praseodymium and neodymium metal inventory and the relatively tight spot supply, metal factories are generally more enthusiastic about entering the market, which has brought greater strength to the increase in market confidence. At the end of month, a small number of downstream magnetic materials companies also take the initiative to purchase for normal production and operation next month. The above-mentioned situations are the reasons for the increased rised mentality of holders. 

In the medium-heavy rare earth market, the focus of mainstream product prices has shifted upward due to acceleration of the procurement of dysprosium products by some companies and good expects for the market. But the export market is slightly depressed due to the disorder of the external market.

Prices of rare earth products on October 30, 2020

Picture of metal praseodymium

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