Dysprosium Oxide Price - April 20, 2022

Details: Category: Tungsten's News; Published on Wednesday, 20 April 2022 18:17

Rare earth market quotation in China: neodymium oxide, terbium oxide and dysprosium oxide prices shaft from declining from rising on April 20, 2022. Under the background that the spot supply of rare earth raw materials is still not very loose, the increase in inquiries from downstream users has largely supported the confidence of suppliers to raise prices.

From the perspective of positive factors, firstly, the willingness of buyers to receive goods in the early stage was low, resulting in few raw materials left in recent days. In addition, the May Day holiday is approaching and the price of rare earth raw materials has dropped sharply since mid-March. To a certain extent, it will arouse buyers’ desire to consume; second, manufacturers in Changchun and Shanghai are gradually resuming work and production, which is conducive to the increase in demand for rare earth functional materials, which in turn can enhance the confidence of rare earth raw material suppliers in their quotations.

From the perspective of negative factors, first, although industrial enterprises in Changchun and Shanghai are gradually resuming production, these enterprises are still affected by the epidemic, so the industry still has certain concerns about the market outlook of rare earths; second, the continuous spread of the global epidemic and the conflict between Russia and Ukraine Under the influence that still exists, my country's rare earth exports are limited, which is not conducive to the rise of rare earth prices.

News: From 0-24:00 on April 19, 2022, Shanghai added 2,494 new local confirmed cases and 16,407 asymptomatic infections; from 0-24:00 on April 18, 2022, Changchun City added 74 new local confirmed cases (including 26 asymptomatic infections turned into confirmed cases), 365 new local asymptomatic infections.

Prices of rare earth products on April 20, 2022

dysprosium oxide price photo