China Europium Oxide Price - November 2, 2020

Rare earth market quotation in China: the praseodymium oxide and neodymium oxide prices pick up slightly while europium oxide price is unchanged from the previous trading day on November 2, 2020. At present, insiders have good confidence for the outlook. 

In the light rare earth market, although the downstream magnetic material companies basically maintain just-needed purchases, it is difficult to give holders an incentive to increase their quotations. However, due to the tight spot supply of neodymium praseodymium products, the prices of some products rose; in the medium and heavy rare earth market, the market is relatively stable. Under high purchasing sentiment of heavy rare earth companies and Myanmar's limited import volume, suppliers have a heavier desire for price increase.

The latest data from the State Administration of Taxation shows that China’s new tax cuts and fees reached more than 2 trillion yuan from January to September 2020, reaching 2,092.4 billion yuan; during the same period, the national industrial enterprise sales revenue fell by 0.9% year-on-year.

Prices of rare earth products on November 2, 2020

Picture of europium oxide

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