China Cerium Oxide Price - October 29, 2020

Rare earth market quotation in China: the terbium oxide and dysprosium oxide prices edge higher while c erium oxide price maintains stability on October 29, 2020 when market participants have good expects for the outlook.

In the light rare earth market, the price increase rate of Pr-Nd metal and its oxide products has declined slightly. This is mainly due to low enthusiasm of downstream magnetic material companies to receive goods. Although most metal factories still maintain just-need purchases, it is still difficult to support the continued rise in prices of mainstream products, the current price of praseodymium and neodymium oxide is about 329,000 yuan/ton, and the price of praseodymium and neodymium metal is about 416,000 yuan/ton.

In the medium and heavy rare earth market, the price of dysprosium and terbium products has moved up slightly. Under the influence of the promising market prospects of new energy vehicles, electronic products and other manufacturing industries, market confidence increases, and the initiative to enter the market is relatively high, which also promote suppliers to keep firm offers. However, due to the impact of the epidemic, the external market has plummeted recently, so investors are more cautious in trading.

Prices of rare earth products on October 29, 2020

Picture of cerium oxide

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