Terbium Oxide Price - November 6, 2020

Details: Category: Tungsten's News; Published on Friday, 06 November 2020 17:33

Rare earth market quotation in China: terbium oxide, praseodymium oxide and dysprosium oxide prices were in the upward trend in the week ended on Friday November 6, 2020 due to increase trading activity in the market.

From the perspective of favorable factors, firstly, the new energy automobile industry development plan for the next 15 years will be issued, which will greatly arouse the desire of downstream magnetic materials companies to enter the market, so the transaction is considerable; the second is the shortage of mainstream product spot supply. It is also a source of motivation for rare earth smelting companies to increase prices, and effectively eliminates the wait-and-see psychology of buyers, so the order growth rate has accelerated; thirdly, the overall focus of southern rare earth listing prices has shifted this week, which has brought greater strength to the increase in market confidence .

From the perspective of negative factors, firstly, the continuous spread of the epidemic in overseas markets has not only caused many local manufacturing companies to reduce production or shutdown, but also slowed down international logistics and transportation, which is not conducive to the recovery of the rare earth export market; secondly, in the context of the relatively sluggish global economic market, the mentality of some rare earth separation plants is still tight, which makes it difficult for suppliers to raise their quotations significantly.

In the rare earth-related field, Shanghai exported 139.989 kilograms of rare earths and their products in September, a decrease of 48.8159% over the same period last year, with an amount of 5,939,155,500 yuan; exports of 7.252 kilograms of rare earths, a decrease of 93.8495% from the same period last year, with an amount of 813,971 yuan, according to Shanghai Customs data.

Prices of rare earth products on November 6, 2020

terbium oxide price image