SHANGHAI, Apr. 28 (SMM) – SMM’s latest survey revealed that prices for most rare earth products rare earth products fell in the past week.
Prices were RMB 31,500/mt for lanthanum oxide, RMB 34,000/mt for cerium oxide, RMB 367,500/mt for praseodymium oxide, RMB 325,000/mt for neodymium oxide, RMB 282,500/mt for didymium oxide, RMB 4,400/kg for europium oxide, RMB 1,675/kg for dysprosium oxide, RMB 126,500/mt for gadolinium oxide, RMB 65,500/mt for cerium misch metal, RMB 382,500/mt for praseodymium-neodymium alloy and RMB 1,725,000/mt for dysprosium-iron alloy.
The poor trading and unimproved demand downstream left traders pessimistic to market outlook. The price cuts by rare earth producers in Jiangxi added to bearishness in the market. Most cargo holders lower quotes and rare earth market is expected to see sell-offs after the May Day holiday. Rare earth prices will thus fall significantly.