Dysprosium Oxide Price - November 2, 2022

Rare earth market quotation in China: DyFe, dysprosium oxide and praseodymium neodymium metal prices continue to drop on November 2, 2022. 

Traders are not active in trading, the prices of praseodymium, neodymium, dysprosium and terbium products have declined to varying degrees, the actual order volume is scarce, and the industry has little confidence in the market outlook. However, due to the low price of energy and auxiliary materials, suppliers generally have less room for price concessions.

According to Chinatungsten Online, although some rare earth manufacturers have controlled their production due to the continued efforts to crack down on environmental protection and the current market conditions, it is still difficult to offset the harm caused by poor downstream demand to holders, that is, the backlog of inventory. .

In terms of news: data from the China Iron and Steel Association shows that from January to September 2022, among the 41 major industrial sectors, the total profits of 19 industries increased year-on-year, and 22 industries declined. Among them, the total profit of the oil and gas extraction industry increased by 1.12 times year-on-year, the coal electrical machinery and equipment manufacturing industry increased by 25.3%, the electricity and heat production and supply industry increased by 11.4%, the chemical raw material and chemical product manufacturing industry increased by 1.6%, and the automobile manufacturing industry increased by 1.6%. It fell by 1.9%, the computer, communication and other electronic equipment manufacturing industry fell by 5.4%, the general equipment manufacturing industry fell by 7.2%, the non-ferrous metal smelting and rolling processing industry fell by 14.4%, and the ferrous metal smelting and rolling processing industry fell by 91.4%.

Prices of rare earth products on November 2, 2022

Picture of terbium oxide

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