Cerium Oxide Price - December 5, 2022

Rare earth market quotation in China: terbium oxide and praseodymium neodymium oxide prices increase slightly while cerium oxide price declines on December 5, 2022. 

Under the mutual influence of many uncertain factors, the mentality of traders is slightly different, that is, some are reluctant to sell and have a high bullish sentiment, while others have a strong sense of realization. Therefore, the overall market activity is not high, and the trading volume is limited.

According to Chinatungsten Online, uncertain factors in the rare earth market include: first, the recent "explosive" spread of the epidemic in many places in China, which has led to a slowdown in the production pace of rare earth raw material manufacturers and downstream rare earth production enterprises, as well as slowdown in logistics and transportation; The high exchange rate of the US dollar against the RMB (7.0214) and the rapid expansion of the overseas new energy market are conducive to the heating up of my country's rare earth export market, thereby increasing the export volume of rare earth; third, compared with March this year, the current price of rare earth is relatively low, so in order to avoid costs The risk of inversion, some holders have a strong sense of price stand, but due to the approach of the end of the year and the impact of limited liquidity, a small number of holders still have a high willingness to ship.

Prices of rare earth products on December 5, 2022

Picture of praseodymium oxide

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