China’s Praseodymium Oxide Price - December 15, 2021

China’s praseodymium oxide price increases while europium oxide and lanthanum oxide prices keep stable on December 15, 2021. When the supply and demand relationship is in a relatively balanced state, the agreement between the buyer and the seller is not very high, so the new orders are limited and the market outlook is uncertain.

From the perspective of positive factors, first, with the approach of New Year’s Day and the Winter Olympics, the order of the rare earth industry has increased, and the epidemic situation in some provinces has continued to rebound, which has greatly increased the difficulty coefficient of rare earth mining, thereby benefiting suppliers’ quotations; second, in the context of stricter global carbon neutral policies and the traditional peak consumption season, the new energy market has an optimistic outlook, which is an important reason for the increase in demand for rare earth functional materials. In November 2021, the production and sales of new energy vehicles in my country will be 457,000 and 450,000 respectively, a year-on-year increase of 1.3 times and 1.2 times respectively.

From the perspective of negative factors, first, the end of the year is approaching, downstream users' awareness of withdrawal of funds is increasing, and the current rare earth raw material prices are relatively high, which are the main reasons for the lower than expected transactions; second, due to the impact of the Omi Keron mutant strain, the slowdown of international logistics and transportation, coupled with the limited production of some foreign companies, is not conducive to the warming of China's export market.

In the news: the listing price of Southern Rare Earth this week showed that the price of yttrium and terbium products was adjusted slightly compared with last week, and the prices of other products were the same as last week. Specifically, the listing price of terbium oxide is 11,200-1,300,000 yuan/ton, the median price is reduced by 150,000 yuan/ton; the yttrium oxide is quoted at 69-72 million yuan/ton, and the median price is increased by 10,000 yuan/ton.

Prices of rare earth products on December 15, 2021

Picture of lanthanum oxide

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