[SMM rare Earth Daily Review 12.10] the price of iron is further upside down in restricted downstream demand.

Published: Dec 10, 2019 18:33

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SMM, 10 Dec:

Dysprosium oxide and terbium oxide prices continued to rise today, rising to 170-1.72 million yuan / ton and 346-3.49 million yuan / ton respectively. Light rare earth prices today are more stable than yesterday, praseodymium and neodymium oxide quoted 28.8-291000 yuan / ton. Quotations from large factories remain strong. Downstream magnetic material enterprise inquiry situation is generally OK, the actual transaction atmosphere is generally weak, most of them are in a wait-and-see state. Limited by downstream demand, although dysprosium oxide prices continue to rise, but iron prices today further upside down to 167-1.69 million yuan / ton.

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