Cerium Oxide Price - June 1, 2022

Rare earth market quotation in China: europium oxide and cerium oxide prices continue to stabilize while praseodymium neodymium metal price increases slightly in the first trading day in June 2022. 

Under the interweaving of positive and negative factors, the price game between buyers and sellers is fierce, which is mainly reflected in the strong desire of suppliers to increase their quotations and few high-level transactions.

According to Chinatungsten Online, the positive factors include the effective control of the epidemic in Shanghai, which has prompted many industrial enterprises to gradually resume production and the gradual reduction of domestic and foreign traffic resistance, which has played a positive role in increasing the demand for rare earth functional materials, coupled with the supply of rare earth raw materials. It is difficult to increase the volume, and holders are more willing to maintain firm quotations; negative factors include the impact of rising raw material prices, limited liquidity and poor global economic growth expectations, magnetic material companies and polishing powder companies basically maintain rigid purchases in order to avoid Upside down risk.

In terms of news: Shanghai will dynamically revise the guidelines for epidemic prevention and control for resumption of work and production, and cancel the unreasonable restrictions on resumption of work and production. At the same time, policies and measures such as expanding the scope of subsidies for enterprises' epidemic prevention and disinfection, establishing a mutual guarantee mechanism for the industrial chain and supply chain in the Yangtze River Delta, and smoothing domestic and international logistics and transportation channels have been introduced to support the resumption of work and production in various industries and markets, and steadily improve the production rate of enterprises.

Prices of rare earth products on June 1, 2022

Picture of cerium oxide

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