China Northern Rare Earth lowers Apr listed prices of light rare earth-Shanghai Metals Market

Hot Keywords

  • Zinc
  • Futures movement
  • Market commentary
  • Aluminium
  • Lead
  • Inventory data
  • Evening comments
  • Customs data
  • Morning comments
  • MMi Iron Ore Port Index
  • Li-Ion Battery Cathode Material
  • Copper
  • china npi output
  • Macroeconomics
  • Copper scrap

China Northern Rare Earth lowers Apr listed prices of light rare earth

Price Review & Forecast 03:19:52PM Apr 11, 2019 Source:SMM

SHANGHAI, Apr 11 (SMM) – State-owned mining company China Northern Rare Earth (Group) lowered listed prices of light rare earth products for April, including praseodymium-neodymium oxide and praseodymium-neodymium metal, by over 7% from March, according to a notice on the company's website on Thursday April 11. 

This came after lower VATs and sufficient supplies weighed on prices of light rare earth in China’s spot market.

The adjustment lowered the listed price of praseodymium-neodymium oxide to 293,700 yuan/mt, down 7.2% on the month, and that of praseodymium-neodymium metal to 370,000 yuan/mt, down 7.5% from March. 

Listed prices of neodymium oxide also dropped 7.2%, to stand at 295,700 yuan/mt for April, and that of neodymium metal lost 7.5%, to 370,000 yuan/mt. 

Prices of lanthanum oxide and cerium oxide remained flat from March, standing at 13,500 yuan/mt for April. 

Key Words:  Market commentary   Rare earth 

Price

more
#1 Refined Cu
Apr.25
49250.0
205.0
(0.42%)
Aluminum Ingot
Apr.25
14230.0
80.0
(0.57%)
#1 Lead
Apr.25
16575.0
75.0
(0.45%)
0# Zinc
Apr.25
21730.0
-30.0
(-0.14%)
#1 Tin Ingot
Apr.25
146250.0
-250.0
(-0.17%)

China Northern Rare Earth lowers Apr listed prices of light rare earth

Price Review & Forecast 03:19:52PM Apr 11, 2019 Source:SMM

SHANGHAI, Apr 11 (SMM) – State-owned mining company China Northern Rare Earth (Group) lowered listed prices of light rare earth products for April, including praseodymium-neodymium oxide and praseodymium-neodymium metal, by over 7% from March, according to a notice on the company's website on Thursday April 11. 

This came after lower VATs and sufficient supplies weighed on prices of light rare earth in China’s spot market.

The adjustment lowered the listed price of praseodymium-neodymium oxide to 293,700 yuan/mt, down 7.2% on the month, and that of praseodymium-neodymium metal to 370,000 yuan/mt, down 7.5% from March. 

Listed prices of neodymium oxide also dropped 7.2%, to stand at 295,700 yuan/mt for April, and that of neodymium metal lost 7.5%, to 370,000 yuan/mt. 

Prices of lanthanum oxide and cerium oxide remained flat from March, standing at 13,500 yuan/mt for April. 

Key Words:  Market commentary   Rare earth