Neodymium Oxide Price - April 18, 2022
- Details
- Category: Tungsten's News
- Published on Monday, 18 April 2022 18:56
At the beginning of the week, China rare earth market showed a pattern of minor adjustments. Prices of praseodymium oxide and neodymium oxide decline slightly while terbium oxide and praseodymium neodymium oxide price edge higher.
Affected by the relative balance between supply and demand, traders' mentality was generally general, that is, suppliers still had the initiative to lower prices and ship, while buyers were still not willing to receive goods, so transactions were limited.
From the supply side, the limited release of production capacity of domestic rare earth smelting and separation enterprises and the obstruction of overseas mine imports have greatly affected the spot inventory in the market; from the demand side, affected by the repeated epidemics in many provinces and the conflict between Russia and Ukraine, The slowdown in the development of rare earth downstream industries is not conducive to the increase in the amount of rare earth raw materials. However, industrial enterprises in some regions have recently resumed work and production, which may significantly increase the demand for rare earth.
In terms of news: As of April 16, a total of 753 industrial enterprises above designated size in Changchun have resumed work and production, with a resumption rate of 56.6% and a production resumption rate of 51.6%. Among them, FAW Group's five OEMs in Changchun have all resumed work, and a total of 7,438 people have returned to work. In addition, a total of 25,117 people from FAW's 276 parts suppliers have returned to work.
Prices of rare earth products on April 18, 2022
Picture of lanthanum oxide
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