Dysprosium Oxide Price - March 16, 2022

Rare earth market quotation in China: praseodymium oxide, dysprosium oxide and praseodymium neodymium oxide prices have shifted downward. The atmosphere of negotiation between buyers and sellers is slightly stalemate, so the transaction is less than expected and the market outlook may remain weak.

From the perspective of positive factors, firstly, the increase in the supply of rare earth mining enterprises is limited. The first batch of rare earth mining total control indicators in 2022 will be 100,800 tons, an increase of 20% year-on-year, of which light rare earths have increased by 23.17%, and medium and heavy rare earths have remained flat year-on-year; secondly, from a long-term perspective, under the background of global energy conservation and carbon reduction, the development prospects of the new energy industry are optimistic, which to a large extent supports the confidence of stockholders to be reluctant to sell and keep prices high. 

From the point of view of negative factors, firstly, under the circumstance that funds are limited and raw material prices are still at a high level, downstream users have insufficient consumption capacity, which in turn weakens suppliers' confidence in stabilizing prices; second, the output of high-tech products such as consumer electronics will affect the market demand for rare earth raw materials; third, the Ministry of Industry and Information Technology has recently interviewed key companies such as China Rare Earth, Northern Rare Earth, Shenghe Resources, etc. on the price of rare earth products, requiring them not to participate in market speculation and hoarding. .

In terms of news: In February, China's automobile production and sales completed 1.813 million and 1.737 million respectively, down 25.2% and 31.4% month-on-month, and up 20.6% and 18.7% year-on-year. Among them, the production and sales of new energy vehicles reached 368,000 and 334,000 respectively, down 18.6% and 22.7% month-on-month, and up 2.0 times and 1.8 times year-on-year.

Prices of rare earth products on March 16, 2022

Picture of rare earth permanent magnet materials

Follow our WeChat to know the latest tungsten price, information and market analysis.

• < Prev
• Next >