Rare Earth Market Report April 2016
2016-05-06 09:20:12 【Print】
The following is a brief synopsis of the report. Your access is restricted as it is a subscription based service.
Please contact us for a subscription.
Please contact us for a subscription.
China’s National Reserve Bureau has started to carry out rare earth commercial storage since this April. As a consequence, prices of PrNd, dysprosium and terbium related products in domestic market moved up slowly and firmly, and the maket price is predicted to continue rising in the coming month for the second batch of commercial storage. On the other hand, yttrium oxide 99.999%min, europium oxide 99.999%min and cerium oxide 99.9%min price kept relatively stable due to both of oversupply and suppliers’ thin margins. Some suppliers raised their offers of lanthanum oxide 99.9%min quickly by around 20%, but downstream consumer were inactive to make replenishment at this price, which resulted in relatively slight increasing price in the spot market.
Turning our sights to overseas market, the demand both in europium countries and North American did not fluctuate much, and the market was still controlled by purchasers at the moment. Overseas importers tried to raise their offers, but made no much effort eventually.
In a word, taking Chinese rare earth commercial storage into consideration, market insiders are more confident towards the market in the coming month, and we predict that the rare earth market will revive a bit in May.
Turning our sights to overseas market, the demand both in europium countries and North American did not fluctuate much, and the market was still controlled by purchasers at the moment. Overseas importers tried to raise their offers, but made no much effort eventually.
In a word, taking Chinese rare earth commercial storage into consideration, market insiders are more confident towards the market in the coming month, and we predict that the rare earth market will revive a bit in May.
