Prices Of Lanthanum Oxide and Cerium Oxide Stood Stable Last Week

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on Aug 11, 2023

The price of LCO rose last week, mainly caused by the increase in the price of Co3O4.

The monthly average price of battery-grade lithium hydroxide was 245,368 yuan/mt in April, down 37% MoM. The prices in overseas markets extended the decline.

This is a roundup of global macroeconomic news last night and what is expected today.

The price difference between high and medium-grade ore expanded last week, while that between medium and low-grade ore narrowed. At Qingdao port, the price difference between mainstream high-grade ore (IOCJ fines) and medium-grade ore (PB fines) widened 9 yuan/mt to 93 yuan/mt, while that between mainstream medium-grade ore (PB fines) and low-grade ore (super special fines or SSF) shrank 8 yuan/mt to 135 yuan/mt. Last week, the profits of steel mills expanded slightly, and the price difference between high-grade and medium-grade ores narrowed below 84 yuan/mt.

SHANGHAI, May 15 (SMM) - The prices of cobalt intermediate products fell slightly last week.

NdFeB prices operated steadily last week.

Rare earth concentrate prices rose slightly last week.

The overall stainless steel prices moved with some declines on poor demand even though spot arrivals in the market decreased, hence the mills' real-time profit margins gradually approached the break-even point.

Stainless steel prices remained low last week, with spot #304 dipping about 150 yuan/mt WoW.