Baotou Industry and Information Bureau: the price of rare earth products showed an upward trend compared with half of the month-on-month in August.

Published: Sep 08, 2020 14:08 (GMT+8)

Source: Baotou Municipal Bureau of Industry and Information Technology

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Baotou City Industry and Information Bureau: the price of rare earth products showed an upward trend compared with half of the month-on-month in August. The prices of four of the eight rare earth products monitored in August showed an upward trend compared with the previous month.

SMM Network News: in August, the prices of 33 kinds of industrial products monitored by Baotou City Industry and Information Bureau showed an upward trend of more than 60%. Judging from the month-on-month situation, the average price of 22 kinds of products increased month-on-month, accounting for 66.6% of the total number of monitored products, and the number of price-rising products decreased by 2 kinds compared with July; the average price of 8 kinds of products decreased, accounting for 24.2% of the total number of monitored products; the number of products with falling prices decreased by 1 kind compared with July; the average price of three kinds of products remained the same, accounting for 9% of the total number of monitored products, and the number of products with the same price decreased by 1 kind compared with July.

Year-on-year situation: the average price of 16 products rebounded year-on-year, accounting for 48.5% of the total number of monitored products, the number of price-rising products increased by 8 kinds compared with July, while the average price of 16 products decreased year-on-year, accounting for 48.5% of the total number of monitored products.

Among them, in the rare earth related field, the price of rare earth products showed an upward trend compared with half of the month-on-month trend: of the eight rare earth products monitored in August, the prices of four kinds of rare earth products showed an upward trend compared with the previous month. The average price of rare earth carbonate was 21250 yuan / ton, up 1.2% from the previous month, down 2250 yuan / ton from the same period last year, or 9.6%; the average price of cerium oxide was 10250 yuan / ton, down 500 yuan / ton from the previous month, a decrease of 4.7%; a decrease of 2000 yuan / ton over the same period last year, a decrease of 16.3%; The average price of praseodymium and neodymium metal was 427000 yuan / ton, up 56000 yuan / ton from the previous month, or 14.9%, and 39000 yuan / ton, or 10.1%, over the same period last year.

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