Neodymium Oxide Price - August 17, 2020

Rare earth market quotation in China: the latest of terbium oxide, praseodymium oxide and neodymium oxide prices continue to increase thanks to active trading atmosphere in the industry. 

At present, most market participants hold positive view towards the market outlook. Firstly, the long-term unsmooth circulation of spot goods is main reason for traders to keep firm offers. However, the prices of mainstream products have risen sharply, which has also caused a few buyers to have a strong sense of resistance to the new price resources. Secondly, in the context of the gradual increase in purchasing and storage expectations and the slow recovery of the global manufacturing industry, the overall stocking mood of downstream users is relatively strong, which stimulates upstream businesses to have greater desire for profit, and the quotations are relatively high.

Prices of rare earth products on August 17, 2020

Picture of cerium oxide

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