China Rare Earth Price - June 8, 2020

Details: Category: Tungsten's News; Published on Tuesday, 09 June 2020 18:40

China rare earth price is unchanged in the week began on Monday June 8, 2020. Although the epidemic situation in most overseas countries has been well controlled, downstream manufacturers have also resumed production one after another, due to the quiet news from the country, the overall consumption is low, resulting in lower than expected transaction volume.

However, considering to the difficulty in long-term raw material price adjustment, suppliers are actively reducing production to maintain the balance between supply and demand in the market, coupled with stricter national environmental protection policies and the impact of high temperature and rainy weather, the release of production capacity has been greatly reduced. Merchants are generally very strong in selling prices.

Prices of rare earth products on June 8, 2020

China rare earth price image