Praseodymium Oxide Prices - March 13, 2020

Details: Category: Tungsten's News; Published on Friday, 13 March 2020 18:08

Chinese rare earth prices continued to show different trends in the week ended on Friday March 13, 2020. The prices of neodymium oxide and praseodymium oxide declined slightly while DyFe and dysprosium oxide prices rose slightly.

In the medium and heavy rare earth market, the price increase of mainstream products has slowed down slightly compared with the previous weeks. Before the Spring Festival, the supply of most products had become tight due to Myanmar's customs clearance. In addition, due to the impact of the epidemic, the operating rate of rare earth smelting enterprises has been significantly reduced, resulting in less raw material inventory. This has greatly boosted manufacturers' firm offer. However, recently, as the operations of mining enterprises have basically returned to normal and downstream users have a stronger resistance to high-price sources. Market quotations will gradually decrease.

Prices of rare earth products on March 13, 2020

praseodymium oxide prices image