Terbium Oxide Price - October 19, 2022

Rare earth market quotation in China: terbium oxide price rises slightly while praseodymium neodymium oxide and metal prices edge lower on October 19, 2022. 

Under the mutual influence of negative and positive factors, the price game between buyers and sellers is more intense, and the willingness to make price concessions is low, so the market trading atmosphere is low.

From the perspective of positive factors, first, due to the impact of the epidemic in many places such as Inner Mongolia, the production capacity release of many rare earth manufacturers is limited and the logistics and transportation are sluggish. The slow logistics and transportation are also not conducive to the transportation of rare earth products; second, the report of the 20th National Congress proposes that actively and steadily promoting carbon neutrality and radically deepening the reform of national defense and the military will contribute to the development of my country's new energy and national defense and military industries, thereby increasing the market demand for rare earth functional materials.

From the point of view of negative factors, in the traditional peak season of consumption, rare earth prices are sluggish, which to a large extent aggravates the psychology of consumers who are buying up and not buying down.

In terms of news: Hengdian DMC achieved operating income of 14.125 billion yuan in the first three quarters of 2022, a year-on-year increase of 56.81%; net profit attributable to the parent was 1.208 billion yuan, a year-on-year increase of 36.42%; basic earnings per share was 0.7454 yuan. Among them, the operating income in the third quarter was 4.756 billion yuan, a year-on-year increase of 43.40%; the net profit attributable to the parent was 411 million yuan, a year-on-year increase of 21.07%; the basic earnings per share was 0.2534 yuan.

Prices of rare earth products on October 19, 2022

Picture of praseodymium oxide

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