Analysis of Rare Earth Prices in China for October 2023

1.Price Trends in China's Rare Earth Market in October 2023:

According to information from Chinatungsten Online, the overall rare earth market in China during October 2023 showed a tendency towards weakness. This is primarily reflected in the price trends of various rare earth products, with the exception of dysprosium-iron alloy, which saw a slight increase in prices. 

Prices for products such as praseodymium, neodymium, and terbium decreased, and the actual trading volume remained low. Several factors contributed to the state of the rare earth market in October, including weak downstream demand, the influence of the Mid-Autumn Festival and National Day holidays, a month-on-month increase in the listed prices of northern rare earths, upward adjustments in trading prices of rare earth concentrates in the fourth quarter by northern rare earth companies, news about Malaysia considering banning rare earth raw material exports, and a slight increase in the USD/CNY exchange rate.

2.Average Prices of Rare Earth Products from January to October 2023:

From January to October 2023, the average prices of rare earth products in China saw year-on-year decreases: The average price of praseodymium oxide was 547,095 CNY/ton, reflecting a 38.84% year-on-year decrease. The average price of neodymium oxide was 567,075 CNY/ton, with a 38.89% year-on-year decrease. The average price of praseodymium-neodymium oxide was 539,910 CNY/ton, showing a 37.46% year-on-year decrease. The average price of praseodymium-neodymium metal was 658,721 CNY/ton, with a 37.92% year-on-year decrease. The average price of terbium oxide was 9,403 CNY/kg, marking a 32.03% year-on-year decrease. The average price of dysprosium oxide was 2,271,393 CNY/ton, reflecting a 12.38% year-on-year decrease. The average price of dysprosium-iron alloy was 2,210,075 CNY/ton, with a 14.62% year-on-year decrease.

3.Average Prices of Rare Earth Products in China for October 2023:

In October 2023, the average prices of rare earth products in China showed a mixed picture, with more prices increasing month-on-month and more decreasing year-on-year: The average price of praseodymium oxide was 532,895 CNY/ton, with a 1.50% month-on-month increase and a 27.00% year-on-year decrease. The average price of neodymium oxide was 535,737 CNY/ton, marking a 0.21% month-on-month increase and a 29.91% year-on-year decrease. The average price of praseodymium-neodymium oxide was 524,789 CNY/ton, with a 0.26% month-on-month increase and a 22.97% year-on-year decrease. The average price of praseodymium-neodymium metal was 647,737 CNY/ton, reflecting a 0.70% month-on-month increase and a 22.12% year-on-year decrease. The average price of terbium oxide was 8,425 CNY/kg, showing a 1.46% month-on-month decrease and a 35.20% year-on-year decrease. The average price of dysprosium oxide was 2,694,737 CNY/ton, with a 3.07% month-on-month increase and a 12.45% year-on-year increase. The average price of dysprosium-iron alloy was 2,616,842 CNY/ton, reflecting a 4.24% month-on-month increase and an 8.89% year-on-year increase.

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

• < Prev
• Next >