Praseodymium Oxide Price - October 27, 2021

Details: Category: Tungsten's News; Published on Wednesday, 27 October 2021 18:16

Rare earth market quotation in China: lanthanum oxide, dysprosium oxide and praseodymium oxide prices continue to keep rising on October 27, 2021 due in part to the short supply of raw materials.

From the perspective of favorable factors, firstly, due to the pressure of environmental protection, the tight electricity consumption in many places, and the limited increase in mining quotas, the output of rare earths is not very large, which is conducive to the quotation of traders; secondly, in the "golden nine silver ten" stage, the good development of new energy vehicles, wind power and energy-saving electrical appliances industries has prompted an increase in demand from downstream users; thirdly, the listed prices of rare earths in the north this month and southern rare earths have risen this week, which to a large extent supports suppliers' confidence in prices.

From the perspective of negative factors, firstly, as the price of rare earth raw materials continues to rise, the purchasing cautiousness of magnetic material companies has also increased, and the industry’s anxiety about the market outlook has also increased; secondly, the epidemic has not yet been fully controlled , The rising of the rare earth export market is still subject to certain resistance.

The listing prices of Southern Rare Earth in China this week showed that the price of samarium oxide was 13,000 to 13,500 yuan/ton; the price of europium oxide was 205,000 to 205,000 yuan/ton; the price of gadolinium oxide was 300 to 305,000 yuan/ton, and the average price was increased by 24,000 yuan/ton; The price of terbium oxide is 9.05-9.15 million yuan/ton, and the average price is increased by 230,000 yuan/ton; the price of dysprosium oxide is 2.75-2,800,000 yuan/ton, and the average price is increased by 40,000 yuan/ton; the price of holmium oxide is 1.06-1.08 million yuan/ton, The average price will be increased by 20,000 yuan/ton; the price of erbium oxide will be increased from 325,000 to 330,000 yuan/ton, and the average price will be increased by 75,000 yuan/ton.

Prices of rare earth products on October 27, 2021

praseodymium oxide price image