Praseodymium Neodymium Metal Price - October 13, 2020

Rare earth market price in China: neodymium oxide, dysprosium oxide and praseodymium neodymium metal prices edge lower in the middle of October under the limited support from favorable factors. Now it is in the buyer’s market.

From the perspective of supply, first, under the high pressure of environmental protection, the release of many rare earth smelting enterprises has slowed down, which can play a positive role in the restoration of market confidence; second, the downstream demand has been in In the weak state, suppliers basically took the initiative to cut production to alleviate the current imbalance between supply and demand.

From the perspective of demand, one is the second outbreak of global epidemic, which has slowed down the production progress of many downstream manufacturers, and the delivery of light and heavy rare earth products is poor; the second one is rare earth separation plants receive goods to be less than expected during the traditional peak season of consumption, This is the reason why the mentality of traders is quite tormented. The overall transaction is slightly sluggish.

Listing prices of Northern Rare Earth in October: Neodymium praseodymium oxide price was 357,000 yuan/ton, down 5.1%; Neodymium oxide price was 376,000 yuan/ton, down 4.8%; neodymium praseodymium price was 445,000 yuan/ton, down 4.9%; neodymium metal price was 469,000 yuan/ton, down 4.7% compared with September.

Prices of rare earth products on October 13, 2020

praseodymium neodymium metal price image

Picture of praseodymium neodymium metal

praseodymium neodymium metal image

Follow our WeChat to know the latest tungsten price, information and market analysis.