Rare Earth Market Report January 2016
2016-02-05 08:37:57 【Print】
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Rare earth market witnessed limited deals in January of 2016
. Prices for most rare earth products, such as PrNd, lanthanum, cerium, yttrium did not fluctuate much . While prices for dysprosium, terbium and europium showed downtrend . As rare earth downstream markets continued to be relatively soft and consumers were inactive to make purchases, the majorities of suppliers lowered their offers to obtain limited orders in early this month . Most insiders stored enough inventories in mid-January and would leave the market for the Spring Festival holiday in late this month . Therefore, rare earth market continued to be relatively flat in this month and it was hard for rare earth market to pick up . As insiders will leave the market for the spring Festival holiday in February, participants predicted that most insiders will hold wait-and-see attitudes in the next week.