China Praseodymium Oxide Prices - Apr. 26, 2020

The europium oxide, praseodymium oxide and dysprosium oxide prices in China maintain stability due to sluggish market demand. On the one hand, the COVID-19 has led to a relatively poor development for the entire manufacturing industry around the world, so downstream users mainly consume their inventories. However, in order to promote the healthy circulation of various industries, countries have successively introduced favorable policies to stimulate downstream consumption, thereby making upstream businesses generally keep firm offers. 

On the other hand, in the context of continuous rainy weather and the arrival of the maintenance season, heavy rare earth smelting enterprises actively reduce production to maintain the balance between supply and demand, so the price of medium and heavy rare earth products is difficult to update.

Prices of rare earth products on Apr. 26, 2020

Picture of praseodymium oxide

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