Dysprosium Oxide Price - October 24, 2022

Rare earth market quotation in China: dysprosium oxide, neodymium oxide and praseodymium oxide price are unchanged from last week on October 24, 2022 mainly due in part to low market trading.  

Under the mutual influence of the soft demand of downstream users and the high cost of raw material production, the price game between buyers and sellers is fierce, so the market trading enthusiasm is low, and there are few new orders. Chinatungsten Online believes that the market may continue to maintain stable operation in the short term. Although magnetic material companies and polishing companies are less motivated to inquire and purchase in the traditional peak season, the prices of mainstream products such as praseodymium and neodymium are close to the cost line, and they are also very high. To a certain extent, it will enhance the awareness of the holders of firm quotations.

In terms of news: From January to June 2022, the output value of Baotou rare earth industry increased by 111.4% compared with the same period last year, the output value of new rare earth materials and application enterprises increased by 72.5% compared with the same period last year, and the in-situ conversion rate of rare earth was 79%, which were the best in the same period in ten years. Level. The annual output value of rare earth industry is expected to exceed 60 billion yuan.

Prices of rare earth products on October 24, 2022

Picture of dysprosium oxide

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