Terbium Oxide Price - August 27, 2020

Rare earth market quotation in China: the terbium oxide, lanthanum oxide and cerium oxide prices decline on August 27, 2020. In the early stage, supported by favorable factors such as tight spot supply and good expectations for purchasing and storing of Status, the prices of most products have soared. 

However, with high sensitivity for high price and increased wait-and-see sentiment among traders, the game between supply and demand is weak, and on-market purchases and sales tend to calm down.

In the light rare earth market, spot prices have fluctuated. With the gradual alleviation of the shortage of raw materials and the strong resistance of downstream users to high-price resources, the confidence of holders in strong quotations has been weakened, and the quotations have been slightly lowered; In the medium and heavy rare earth market, the overall activity is relatively low. Since downstream rare earth separation manufacturers still maintain a certain amount of inventory, they are not motivated to enter the market. This has led to a decline in smelting companies' quotations. However, supported by costs, there is limited room for price drops.

Prices of rare earth products on August 27, 2020

Picture of terbium oxide

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