China Praseodymium Oxide Price - May 7, 2020

Rare earth market quotation in China: the latest of terbium oxide and dysprosium oxide declined slightly while praseodymium oxide price keeps stable in early May on weak market confidence and low trading activity. 

On the supply side, foreign smelters have resumed production one after another with the improved situation of coronavirus, which has had a certain impact on the international rare earth market. In addition, the holiday of May Day has just ended, resulting in certain restrictions on the release of domestic rare earth production capacity. On the demand side, the current demand from downstream users is difficult to pick up because the epidemic has led to the shutdown of most global production companies, such as new energy vehicle manufacturers and their upstream and downstream related companies.

Prices of rare earth products on May 7, 2020

Picture of praseodymium oxide

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