China Praseodymium Oxide Price - November 18, 2020

China rare earth price continues to be strong on November 18, 2020. Under increased purchasing enthusiasm of downstream buyers, most suppliers rose their offers slightly. Neodymium oxide price was about 392,000 yuan/ton, praseodymium oxide price was about 350,000 yuan/ton and terbium oxide price is about 5,450 yuan/kg.

The light rare earth market becomes active again after a few days of stabilization. This is not only related to the current shortage of spot stocks of praseodymium and neodymium products. At the same time, downstream magnetic materials companies are intensively entering the market at the end of the year, which is also the season for traders to keep optimistic sentiment. 

In the medium and heavy rare earth market, the supply and demand side is relatively balanced, and the price of terbium products has increased significantly under the support of tight spot goods and expanded purchaser demand. In the short term, it is difficult to find low-priced sources in the market.

In October, the added value of industrial enterprises above designated size increased by 6.9% in real terms compared to October last year (the following added value growth rates are the actual growth rates after deducting price factors), and the growth rate remained unchanged from the previous month. In October, the added value of industrial enterprises above designated size increased by 0.78% month-on-month. From January to October, the added value of industries above designated size increased by 1.8% compared with the same period last year.

Prices of rare earth products on November 18, 2020

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Picture of praseodymium oxide

praseodymium oxide image

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