Holmium Oxide Price - February 15, 2023

Rare earth market quotation in China: cerium oxide, neodymium oxide, gadolinium oxide and holmium oxide prices continue to decline on February 15, 2023 mainly due to the low enthusiasm of magnetic material companies and polishing powder companies to enter the market for inquiries and purchases.

Under the weak market demand and the basic resumption of normal production of rare earth manufacturers, the inventory of rare earth raw materials increased. The industry expects that the rare earth market may continue to operate weakly in the short term. However, in order to avoid the risk of cost inversion, many holders still have a strong sense of profit.

In terms of news: In January 2023, the ex-factory price of industrial producers nationwide fell by 0.4% month-on-month and 0.8% year-on-year; the purchase price of industrial producers decreased by 0.7% month-on-month and rose 0.1% year-on-year. Among them, the ex-factory price of mining industry increased by 2.0%, the ex-factory price of raw material industry decreased by 0.1%, and the ex-factory price of processing industry decreased by 2.3%. The purchase price of fuel and power increased by 7.2%, the purchase price of ferrous metal materials decreased by 7.8%, the purchase price of building materials and non-metallic materials decreased by 5.3%, the purchase price of chemical raw materials decreased by 4.7%, and the purchase price of non-ferrous metal materials and wires Purchase prices fell by 1.8%.

Prices of rare earth products on February 15, 2023

Picture of erbium oxide

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