Yttrium Oxide Market Sees Few Transactions

Lacking demand from end users, yttrium oxide 99.999% suppliers sees few transactions further. 

A source from a separation plant in South China expressed that yttrium oxide 99.999% demand keeps slack in both domestic and export markets. “yttrium oxide price goes to RMB120,000/t (USD19,212/t) and USD30/kg FOB China respectively for domestic and overseas buyers now, down a bit compared with those of last week,” said the source. 

“Yttrium oxide purchasers refrain from rebuilding stocks further and we are under pressure to make deals.”

“Buyers’ counter prices are around RMB110,000/t (USD17,611/t) and USD25/kg, ” added the source, disclosing that the plant used to produce around 30 tons of yttrium oxide 99.999% per month and they failed to make deals so far in December.

A source from another separation plant in South China also confirmed that yttrium oxide 99.999% demand shows slack tendencies and consumers are inactive to make purchases. Yttrium oxide price are in a range of RMB110,000-120,000/t (USD17,611-19,212/t) for the time being, down by around RMB5,000/kg (USD801/kg) compared with those of early December. “Phosphor powder market is still in low performance and purchasers are in no hurry to buy rare earth raw materials,” added the source.

According to the source, the plant is out of production at present and used to produce around 20 tons of yttrium oxide 99.999% per month. The last small deal was concluded at RMB120,000/t (USD19,212/t) with a regular client around ten days ago.

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