Praseodymium Neodymium Oxide Price - June 28, 2023

Rare earth market quotation in China: praseodymium neodymium oxide price declines slightly while terbium oxide and dysprosium oxide prices edge higher on June 28, 2023. The mood of traders entering the market is not high, and the growth rate of orders is slow.

According to Chinatungsten Online, the positive factors include: the recent high temperature, the increase of power shortage in some areas, which will affect the production of local rare earth smelting and separation enterprises, and increase production costs, which will help the holders to maintain firm quotations; In May, many downstream users have increased their enthusiasm for inquiry and purchase. The negative factors are mainly due to the serious psychology of traders who "buy up but not down" and some downstream users still have more rare earth raw materials, and the market demand has been in a weak state for a long time.

News: The National Passenger Car Market Information Association stated that China's new energy vehicle market will sell 715,000 vehicles in May 2023, a month-on-month increase of 12.6%, a year-on-year increase of 60.7%, and a penetration rate of 30%. Among them, the sales of passenger cars were 689,000, a month-on-month increase of 13.2%, and the sales of commercial vehicles were 25,000, a month-on-month decrease of 3.3%, and a year-on-year increase of 42.4%.

Prices of rare earth products on June 28, 2023

Picture of neodymium oxide

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