Newssummary: Dysprosium Prices May Extend Gains following 23.5% Rebound-Shanghai Metals Market

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Newssummary: Dysprosium Prices May Extend Gains following 23.5% Rebound

Industry News 05:46:59PM Dec 05, 2014 Source:SMM

SHANGHAI, Dec. 5 (SMM) – Prices for rare earths, particularly dysprosium products, have been rising since late October, and are likely to present more gains, DZH News reported.

Dysprosium oxide prices posted an 8% increase between October 23 and December 2, while dysprosium metal prices climbed 23.5%, up from 1,700,000 yuan per tonne to 2,100,000 yuan, data from Shanghai DZH indicate.

An analyst said the sharp rise was mainly powered by China’s rare earth stockpiling and closures of Chinese plants engaging in rare earth separation, according to the report.

Furthermore, several suppliers said their goods have been sold out, and some traders were also running out of stocks. However, downstream buyers were purchasing calmly.

Market players expect rare earth prices to extend gains in the short term, but the increase may slow dragged by tepid demand.

The article is edited by SMM and is provided for information purpose only. SMM assumes no liability and does not warrant the accuracy, reliability or completeness of information contained or quoted in the article, either express or implied. SMM further disclaims any liability for losses in connection with the information contained or quoted in the article.

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn. 

 

Newssummary: Dysprosium Prices May Extend Gains following 23.5% Rebound

Industry News 05:46:59PM Dec 05, 2014 Source:SMM

SHANGHAI, Dec. 5 (SMM) – Prices for rare earths, particularly dysprosium products, have been rising since late October, and are likely to present more gains, DZH News reported.

Dysprosium oxide prices posted an 8% increase between October 23 and December 2, while dysprosium metal prices climbed 23.5%, up from 1,700,000 yuan per tonne to 2,100,000 yuan, data from Shanghai DZH indicate.

An analyst said the sharp rise was mainly powered by China’s rare earth stockpiling and closures of Chinese plants engaging in rare earth separation, according to the report.

Furthermore, several suppliers said their goods have been sold out, and some traders were also running out of stocks. However, downstream buyers were purchasing calmly.

Market players expect rare earth prices to extend gains in the short term, but the increase may slow dragged by tepid demand.

The article is edited by SMM and is provided for information purpose only. SMM assumes no liability and does not warrant the accuracy, reliability or completeness of information contained or quoted in the article, either express or implied. SMM further disclaims any liability for losses in connection with the information contained or quoted in the article.

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.