Praseodymium Oxide Prices - May 6, 2020

Rare earth market quotation in China: the prices of europium oxide, lanthanum oxide and praseodymium oxide remained stable in the first trading day on May 5, 2020 after the holiday of May Day as most market participants took a watchful stance for the market. 

The inquiries and purchase sentiment of upstream and downstream enterprises in the industrial chain need to be restored, and there is still a large room for increase in actual transactions. Recently, due to the interweaving of positive and negative factors, many insiders still have some confidence in the future market. The positive factors come from the fact that some foreign smelting companies have not fully resumed work due to the impact of the epidemic, which has supported the firm quotation of the holders, and the domestic government has further strengthened the implementation of the corporate benefit policy; The negative factors came from the collapse of most auto OEMs at home and abroad under the influence of the new coronavirus. With the arrival of the May Day holiday, downstream demand is hard to pick up.

Prices of rare earth products on May 6, 2020

Picture of praseodymium oxide

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