Rare Earth Market Report October 2016

Although it was traditional busy season in October, while the Chinese rare earth market seemed flat and the downstream demand did not revive much as expected.Asian Metal Copyright All in all, the domestic rare earth market in October kept quiet and relatively flat.Asian Metal Copyright On the contrary, the prices of PrNd, dysprosium and terbium showed downtrend in former half of October, which were different from the past five years.Asian Metal CopyrightAlthough it was traditional busy season in October, while the Chinese rare earth market seemed flat and the downstream demand did not revive much as expected.Asian Metal Copyright The prices of rare earth oxide still hovered at low levels, resulting in continuously low operation rate in separation industry.Asian Metal Copyright On the contrary, the prices of PrNd, dysprosium and terbium showed downtrend in former half of October, which were different from the past five years.Asian Metal Copyright Besides, the NdFeB magnet producers still took hand-to-mouth strategies and released their fund pressure by holding small volumes of stocks.Asian Metal Copyright The prices of rare earth oxide still hovered at low levels, resulting in continuously low operation rate in separation industry.Asian Metal Copyright The metal plant also reduced their outputs and tried their best to reduce stocks.Asian Metal Copyright Besides, the NdFeB magnet producers still took hand-to-mouth strategies and released their fund pressure by holding small volumes of stocks.Asian Metal Copyright All in all, the domestic rare earth market in October kept quiet and relatively flat.
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