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Both Export Volume and Price of REO Fall in July
Aug 30,2011 15:50CST
data analysissmm insight
Source:SMM
China’s rare earth oxides (REO) export totaled 934.9 mt in July, down 29.8% YoY and down 15% MoM. Total export value rose 950% YoY to USD 204.209 million, but down 5.9% MoM.

SHANGHAI, Aug. 30 (SMM) – According to customs data, China’s rare earth oxides (REO) export totaled 934.9 mt in July, down 29.8% YoY and down 15% MoM. Total export value rose 950% YoY to USD 204.209 million, but down 5.9% MoM.

Though rare earth prices were lowered in July, overseas buyers expected even lower prices with the wait-and-see sentiment growing strong. And as low-demand seasons in fluorescent power, polishing power and Neodymium-Iron-Boron industries have begun, overseas demand declined with REO export volume decreasing.

rare earth

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