U.S. FCC catalyst manufacturers to store large amounts of lanthanum

U.S. FCC catalyst manufacturers, said a lot of their annual procurement of Lanthanum for the petrochemical industry.

An industry source said these manufacturers have been in the procurement and purchases are very large, the amount is expected to be stored for a year.

They reason for this is that the bulk purchase price is more appropriate at present, but also worried about the future prices continue to fluctuate, but also walk the high trend.

Australian rare earth producer Lynas Corporation earlier this year, says FCC catalyst industry demand is very strong and is expected to lanthanum demand in 2020 will grow by 4% annually.

Other industry insiders also said the industry needs FCC catalysts has been increasing, part of the United States who will be attributed to the gradual improvement in economic conditions.

An American manufacturer of FCC catalysts Grace (WRGrace) in July 23 announced second quarter report that sales of catalyst technology sector grew 9%. And in the FCC catalyst sales, maintaining 10% growth sustained growth.

In the UK metal mesh previous reports, the first half of 2014 the export volume of lanthanum oxide was 5798 tons, an increase of 35%. Increase is mainly due to the growing demand for FCC industry.

But there are also people in the industry said that with heavy crude oil refining gasoline and other petrochemical products increasing demand, China's domestic demand for rare earth lanthanum is also increasing.

U.S. low-grade 2N lanthanum oxide prices in the $ 5.00-5.50 / kg, the price steady. 5N high-grade lanthanum oxide, associated with the FCC catalyst application is tight, it is learned in the recent price of $ 10-12 / kg.


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