Terbium Oxide Price - June 30, 2020

Details: Category: Tungsten's News; Published on Tuesday, 30 June 2020 18:15

Rare earth market quotation in China: the latest prices of terbium oxide, neodymium oxide and praseodymium neodymium oxide rise slightly after the holiday of Dragon Boat Festival. Although downstream becomes active in inquiry, the consumption remains low and thus actual transactions have not seem an increase.

In the light rare earth market, under the influence of other factors such as high temperature and rainy weather, slow logistics transportation during the epidemic, and environmental pressure, the supply of some products is relatively limited, which supports offers from the holders, but magnetic material companies are still hesitant to enter the market, so there are few orders. In the medium and heavy rare earth market, the overall supply and demand pattern is weak. Under the background of recent natural disasters and the closure of the Myanmar customs, the market supply growth rate is slow. Therefore, suppliers are not willing to take the initiative to ship, and on the demand side, affected by the poor manufacturing climate and the traditional low season, rare earth separation plants have a strong resistance to high-priced resources.

Prices of rare earth products on June 30, 2020

terbium oxide price image