Rare Earth Market Report September 2017
2017-10-19 08:56:20
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The Chinese rare earth market witnessed continuously declining prices and sporadic deals in September as a whole, with PrNd, dysprosium, terbium, europium products’ prices slid rapidly and dysprosium products’ prices had hit new lows.Asian Metal CopyrightThe Chinese rare earth market witnessed continuously declining prices and sporadic deals in September as a whole, with PrNd, dysprosium, terbium, europium products’ prices slid rapidly and dysprosium products’ prices had hit new lows.Asian Metal Copyright However, the lanthanum and cerium products prices moved up due to tight supply in spot market.Asian Metal Copyright By the end of September, the Guangdong Rising non-ferrous Group and Southern Rare Earth Group called on to cease production in order to support the market.Asian Metal Copyright Affected by the CAREI’s suggestions on rare earth national reserves, the market failed to be supported to maintain stable, even some major plants failed to stabilize the prices by purchasing raw materials in mid-September.Asian Metal Copyright However, most magnet plants and other downtrend industries held sufficient stocks and had no intention to make replenishments, which may weaken the market in the coming month.Asian Metal Copyright By the end of September, the Guangdong Rising non-ferrous Group and Southern Rare Earth Group called on to cease production in order to support the market.Asian Metal Copyright Affected by the CAREI’s suggestions on rare earth national reserves, the market failed to be supported to maintain stable, even some major plants failed to stabilize the prices by purchasing raw materials in mid-September.Asian Metal Copyright However, most magnet plants and other downtrend industries held sufficient stocks and had no intention to make replenishments, which may weaken the market in the coming month.
.Asian Metal Copyright Affected by the CAREI’s suggestions on rare earth national reserves, the market failed to be supported to maintain stable, even some major plants failed to stabilize the prices by purchasing raw materials in mid-SeptemberAsian Metal Copyright
