Holmium Oxide Prices - June 21, 2023

Rare earth market quotation in China: holmium oxide, neodymium oxide and praseodymium neodymium oxide prices edge higher on June 21, 2023. Under the weak balance between supply and demand, buyers and sellers have low agreement in negotiations. 

Buyers have strong sentiments to suppress prices, while holders are less willing to make price concessions, so the trading atmosphere in the market is sluggish, and new orders are few.

According to Chinatungsten Online, although rare earth downstream industries such as automobiles, machinery and home appliances are developing well, and production cost support is gradually increasing, it is still difficult to boost the confidence of rare earth raw material suppliers to increase prices. It is mainly due to the fact that the price of NdFeB blanks has not risen and magnetic material companies basically consume raw material stocks.

In terms of news: In May 2023, my country's automobile production will be 2.33 million, an increase of 18.2% year-on-year and a month-on-month increase of 13.1%. In May 2023, the output of excavators, the representative product of construction machinery in my country, decreased by 25.9% year-on-year and 15.5% month-on-month; the output of large tractors and air pollution prevention and control equipment continued to grow year-on-year, and the output of metal smelting equipment and metal cutting machine tools changed from a year-on-year decrease to an increase. In May 2023, my country's refrigerators will increase by 28.4% year-on-year, washing machines will increase by 29.4%, and air conditioners will increase by 18.3%. The export volume of home appliances increased by 8.1% year-on-year.

Prices of rare earth products on June 21, 2023

Picture of neodymium oxide

Follow our WeChat to know the latest tungsten price, information and market analysis.

• < Prev
• Next >