Dysprosium Oxide Price - November 4, 2020

Details: Category: Tungsten's News; Published on Wednesday, 04 November 2020 18:22; Hits: 846

Rare earth market quotation in China: neodymium oxide, dysprosium oxide and praseodymium neodymium metal prices continue to rise on November 4, 2020 with the impact of active market trading and increased transactions.

From the perspective of positive factors, firstly, the low inventory of mainstream light rare earth products has aroused the desire of many metal factories and magnetic material companies to complete the purchase plan ahead of schedule, which has led to a rebound in transactions; secondly, due to the peak of the general election in Myanmar, environmental protection has been cracked down. Stronger efforts have forced some local rare earth mining companies to cut production and suspend production, which has a positive impact on the increase in confidence in the domestic market; thirdly, the recent rise in the prices of US stocks, European stocks and crude oil has stimulated hot money to enter the market. Holders' firm quotation confidence was supported.

From the perspective of negative factors, firstly, the epidemic and the geopolitical conflicts of various countries have not improved, making it difficult for many local manufacturers and logistics and transportation companies to operate normally, which is not conducive to the recovery of the export market; secondly, there is no major positive news release on the policy side, hindering the improvement of consumers’ initiative in receiving goods to certain extent.

Prices of rare earth products on November 4, 2020

dysprosium oxide price image