Praseodymium Oxide Price - August 28, 2020

Rare earth market quotation in China: praseodymium oxide, neodymium oxide and praseodymium neodymium oxide prices continued to decline in the week began on Monday August 17, 2020. Most traders keep rational offers with low deals concluded. 

In the previous stage, due to the high temperature and flood season and the strong environmental protection supervision, the output of rare earth mining enterprises has been reduced. Coupled with the higher mining costs, the holders are more willing to insist on firm offers. In addition, with the slow recovery of the global new energy industry, downstream demand has also increased, which is also a source of confidence for traders to support prices.

Recently, due to the fact that downstream users have basically completed their purchase plans, market inquiries have gradually decreased, coupled with the substantial increase in overseas imports, the market supply and demand relationship has undergone major changes, that is, consumers’ purchase sentiment has increased and suppliers’ sales pressure have increased.

Prices of rare earth products on August 28, 2020

Picture of praseodymium oxide

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