Rare Earth Market Report August 2011
2011-09-11 15:49:38 【Print】
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Rare earth market was inactive in July and prices dropped
The fluctuated domestic market enhances the wait-and-see attitude of international importers, so, rare earth exporting market remains flat in August and the inquiries decrease in the overseas market. International purchasers prefer to watch the market . Meanwhile, foreign suppliers are selling rare earth products at lower prices, which makes Chinese suppliers more difficult in exporting rare earth . Chinese exporters have intention of lowing light rare earth quotations in order to conclude a bargain . However, the expected prices of overseas buyers are too low to reach a agreement with Chinese suppliers, and then it is still hard to conclude exporting deals.
. In August, the market remains slow, and it is difficult to conclude transactions . Accordingly, downstream industries are sluggish and most plants decrease production . Separation plants in South China haven’t recovered to manufacture and part of them enter into environmental protection . Traders continue to lower rare earth quotations in order to reach agreements . However, purchasers are unwilling to replenish rare earth products as the market keeps fluctuate . Light rare earth market is still slow and buyers are not inclined to purchase . Heavy rare earth demand keeps soft and the transactions are still few. The fluctuated domestic market enhances the wait-and-see attitude of international importers, so, rare earth exporting market remains flat in August and the inquiries decrease in the overseas market. International purchasers prefer to watch the market . Meanwhile, foreign suppliers are selling rare earth products at lower prices, which makes Chinese suppliers more difficult in exporting rare earth . Chinese exporters have intention of lowing light rare earth quotations in order to conclude a bargain . However, the expected prices of overseas buyers are too low to reach a agreement with Chinese suppliers, and then it is still hard to conclude exporting deals.