China Northern Rare Earth Group releases PrNd, lanthanum and cerium quotations for August 2017

BEIJING (Asian Metal) 7 Aug 17 - China Northern Rare Earth Group announced their list prices of PrNd oxide, PrNd mischmetal, neodymium oxide, neodymium metal, lanthanum oxide 99.Asian Metal Copyright48% Nd oxide 266,000 280,000 284,000 291,000 293,000 305,000 315,000 400,000 26.Asian Metal Copyright9%min and cerium oxide 99.Asian Metal Copyright48% Nd oxide 266,000 280,000 284,000 291,000 293,000 305,000 315,000 400,000 26.Asian Metal Copyright9%min for July this morning. Details for prices are as below:

Products	Prices for January (RMB/t)	Prices for February (RMB/t)	Prices for March (RMB/t)	Prices for April (RMB/t)	Prices for May (RMB/t)	Prices for June (RMB/t)	Prices for July (RMB/t)	Prices for August (RMB/t)	Price Increases during Jul to Aug
PrNd oxide	266,000	282,000	286,000	293,000	297,000	312,000	330,000	420,000	27.27%
PrNd mischmetal	340,000	360,000	365,000	373,000	378,000	397,000	423,000	535,000	26.48%
Nd oxide	266,000	280,000	284,000	291,000	293,000	305,000	315,000	400,000	26.98%
Nd metal	340,000	357,400	362,000	371,000	373,000	388,000	400,000	510,000	27.50%
La oxide 99.9%min	14,440	14,670	14,670	14,670	15,220	15,220	15,220	15,220	0%
Ce oxide 99.9%min	11,110	11,330	11,330	11,330	11,670	11,670	11,670	12,000	2.83%

As we can see from the above table, China Northern Rare Earth Group raised the prices for PrNd and neodymium products by 26.4-27.Asian Metal CopyrightBEIJING Asian Metal 7 Aug 17 - China Northern Rare Earth Group announced their list prices of PrNd oxide, PrNd mischmetal, neodymium oxide, neodymium metal, lanthanum oxide 99.Asian Metal Copyright5% MOM, the highest rise so far. Affected by the environmental protection inspection, attacks on illegal production, regulation on mandatory production quota, tax inspection and other factors, market supply of PrNd oxide is quite tight currently with its quotation standing at RMB440,000-450,000/t (USD65,485-66,974/t). Producers of PrNd mischmetal adjusted their offers to RMB550,000-560,000/t (USD81,857-83,345/t) accordingly with most plants ceasing making quotations and watching the market, pushing up the market price quickly.Asian Metal Copyright9%min for July this morning.Asian Metal Copyright Downstream magnet plants mainly waited on the sidelines and some consumers even made panic purchases.
.Asian Metal Copyright Downstream magnet plants mainly waited on the sidelines and some consumers even made panic purchasesAsian Metal Copyright