Gadolinium Oxide Price - June 7, 2023

Details: Category: Tungsten's News; Published on Wednesday, 07 June 2023 17:57

Rare earth market quotation in China: praseodymium neodymium oxide and gadolinium oxide prices increase slightly while dysprosium oxide price declines slightly on June 7, 2023.

In the state of "weak balance" between supply and demand, the market trading atmosphere is weak, the actual transaction volume is small, and the industry's confidence in the market outlook is average. According to Chinatungsten Online, the rare earth market may maintain a narrow range of volatility in the short term.

From the perspective of the supply side, in addition to the low price of rare earths, which is the main reason for the slowdown in the production capacity release of manufacturers, the temperature has been rising recently, and the electricity load in some areas has continued to rise, resulting in a shortage of electricity in this area. It is also one of the reasons for the decline in output of some rare earth smelting and separation enterprises. From the demand side, factors such as the current global economic recovery under pressure and limited liquidity are the reasons for the low market demand.

News: On May 31, the highest power load of China Southern Power Grid reached 222 million kilowatts, which is close to the highest in history. Among the five provinces of Guangdong, Guangxi, Yunnan, Guizhou, and Hainan, Guangdong's highest load reached 138 million kilowatts; Guangxi's electricity load hit two record highs, reaching 31.37 million kilowatts; Hainan's power grid load reached six new highs, breaking through 7 million kilowatts for the first time.

Prices of rare earth products on June 7, 2023

gadolinium oxide price image