Terbium Oxide Price - March 18, 2022

Details: Category: Tungsten's News; Published on Friday, 18 March 2022 16:36

Rare earth market quotation in China: terbium oxide, dysprosium oxide and praseodymium neodymium oxide prices showed a trend of decline in the week ended on Friday, March 18, 2022.

Under the circumstance that the favorable factors weaken and the marginal bears appear, the buyer's market has a great advantage, which is mainly reflected in the decline of mainstream product prices, the sparse trading volume and the uncertain market outlook. However, supported by the relatively high production cost of raw materials, high logistics and transportation costs, and the difficulty in increasing the supply of raw materials, there is limited room for stockholders to make profits.

According to Chinatungsten Online, the negative factors include: first, affected by the sharp rise in rare earth prices in the first one or two months of this year, downstream users are more afraid of heights, coupled with insufficient liquidity, the procurement speed is slower; second, Under the influence of the Russia-Ukraine war, in addition to rising commodity prices and reducing the profitability of rare earth downstream enterprises, which is the reason for the decline in the volume and price of rare earth raw materials, the shortage of chip supply has intensified, resulting in many manufacturers of high-tech products such as automobiles and consumer electronics. Production constraints are also a major factor in reducing the amount of rare earth functional materials.

In terms of news: In 2021, Ningbo Yunsheng achieved operating income of 3.754 billion yuan, a year-on-year increase of 56.47%; net profit attributable to the parent was 518 million yuan, a year-on-year increase of 191.55%; net profit after deducting non-recurring gains and losses was 356 million yuan, a year-on-year increase of 426.44%. Among them, the gross profit margin of the company's main product NdFeB was 26.26%, a year-on-year increase of 3.6 percentage points.

Prices of rare earth products on March 18, 2022

terbium oxide price image