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June 8-9, 2017
Changsha, Hunan

World Tin Mining Forum 2017

June 1-2, 2017
Zhangjiajie, China

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May 25-26,2017
Kunming, China

8th World Aluminum Raw Materials Summit 2017

May 18-20,2017
Sanya, Hainan of China

9th International Rare Earth Summit

May 11-12,2017
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Changsha, China

10th World Indium & Germanium & Gallium Forum

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

2017-10-16 17:05:43  【Print】
BEIJING (Asian Metal) 16 Oct 17 - China Northern Rare Earth (Group) High-tech LLC (“China Northern Rare Earth Group” or “The company") announced their list prices of PrNd oxide, PrNd mischmetal, neodymium oxide, neodymium metal, lanthanum oxide and cerium oxide for October this morning. Details for prices are as below:


 

Products

 

Price Increases MOM during Sep to Oct

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)

Prices for September

(RMB/t)

Prices for October

(RMB/t)

PrNd oxide

266,000

282,000

286,000

293,000

297,000

312,000

330,000

420,000

520,000

445,000

-14.42%

PrNd mischmetal

340,000

360,000

365,000

373,000

378,000

397,000

423,000

535,000

665,000

570,000

-14.29%

Nd oxide

266,000

280,000

284,000

291,000

293,000

305,000

315,000

400,000

500,000

415,000

-17.00%

Nd metal

340,000

357,400

362,000

371,000

373,000

388,000

400,000

510,000

640,000

534,000

-16.56%

La oxide 99.9%min

14,440

14,670

14,670

14,670

15,220

15,220

15,220

15,220

15,500

15,500

0.00%

Ce oxide 99.9%min

11,110

11,330

11,330

11,330

11,670

11,670

11,670

12,000

15,500

15,500

0.00%


As we can see from the table above, China Northern Rare Earth Group reduced the prices for PrNd oxide, PrNd mischmetal, neodymium oxide, neodymium metal by over 14% MOM, and prices for lanthanum and cerium products stayed unchanged. According to AM Prices by Asian Metal, currently market prices for PrNd oxide, PrNd mischmetal, neodymium oxide, neodymium metal, lanthanum oxide and cerium oxide stand at RMB430,000-440,000/t (USD65,345-66,864/t) D/P, RMB560,000-570,000/t (USD85,100-86,620/t) 30 days D/A, RMB420,000-430,000/t (USD63,825-65,345/t) D/P, RMB550,000-560,000/t (USD83,580-85,100/t) 30 days D/A, RMB17,000-17,500/t (USD2,583-2,659/t) D/P and RMB17,000-17,500/t (USD2,583-2,659/t) D/P respectively. China Northern Rare Earth Group’s quotations this month were near the market prices, affected by which the price reduction in rare earth market might be eased to some extent.

China Northern Rare Earth (Group) High-tech LLC, being the leading enterprise in China's rare earth industry, was founded in 1961 and listed on Shanghai Stock Exchange in 1997, stock code 600111. As of the end of 2016, the company's total assets have reached 15.Asian Metal Copyright Details for prices are as below: Products Price Increases MOM during Sep to Oct Prices for January RMBt Prices for February RMBt Prices for March RMBt Prices for April RMBt Prices for May RMBt Prices for June RMBt Prices for July RMBt Prices for August RMBt Prices for September RMBt Prices for October RMBt PrNd oxide 266,000 282,000 286,000 293,000 297,000 312,000 330,000 420,000 520,000 445,000 -14.Asian Metal Copyright622 billion yuan, with net assets of 8.Asian Metal Copyright The company has complete rare earth industry system such as rare earth beneficiation, smelt and separation, deep processing, applications as well as scientific research, being able to produce a complete range of rare earth products such as rare earth raw materials concentrate, rare earth carbonate, oxides and salts, metal, rare earth functional materials polishing materials, hydrogen storage materials, magnetic materials, luminescent materials, catalytic materials, rare earth applications nickel-metal hydride batteries, rare earth permanent magnet resonator.Asian Metal Copyright297 billion yuan.Asian Metal Copyright .Asian Metal Copyright The company owns 3 subordinate plants, 3 wholly-owned subsidiaries, 24 holding subsidiaries and 9 joint stock companies.Asian Metal Copyright Details for prices are as below: Products Price Increases MOM during Sep to Oct Prices for January RMBt Prices for February RMBt Prices for March RMBt Prices for April RMBt Prices for May RMBt Prices for June RMBt Prices for July RMBt Prices for August RMBt Prices for September RMBt Prices for October RMBt PrNd oxide 266,000 282,000 286,000 293,000 297,000 312,000 330,000 420,000 520,000 445,000 -14.Asian Metal Copyright The company has complete rare earth industry system such as rare earth beneficiation, smelt and separation, deep processing, applications as well as scientific research, being able to produce a complete range of rare earth products such as rare earth raw materials (concentrate, rare earth carbonate, oxides and salts, metal), rare earth functional materials (polishing materials, hydrogen storage materials, magnetic materials, luminescent materials, catalytic materials), rare earth applications (nickel-metal hydride batteries, rare earth permanent magnet resonator).

.Asian Metal Copyright42% PrNd mischmetal 340,000 360,000 365,000 373,000 378,000 397,000 423,000 535,000 665,000 570,000 -14.Asian Metal Copyright