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Rare Earth Prices Rebound Cautious Market To See More
Dec 23, 2017

Late last week, the domestic praseodymium neodymium and metal praseodymium neodymium prices began the rate rebound, continued to rise this week, shocks, although the limited gains, but the market sentiment has improved a lot. In addition to praseodymium and neodymium, gadolinium oxide and terbium oxide offer also will rise, but the transaction is not very active.

It is reported that with the recent decline in rare earth prices, downstream companies to start "bargain-hunting" replenishment, the price thus stabilized and rebounded slightly. However, according to market participants, since the prices have risen, the general atmosphere of the market transactions; manufacturers offer increases, some retailers covered plate to be up, the price of sellers of neodymium oxide is generally higher than 300,000 yuan / ton, gadolinium oxide and oxidation Terbium's holders also raise the price to varying degrees. But the downstream has not been bullish and increase the volume of purchases, so the pace of price increases seem a bit hesitant.

This round of rally is mainly based on the downstream replenishment, the holding prices of manufacturing enterprises and the consequent cautious bullish wave leading to the gradual reduction of the market's low-priced goods. This Tuesday, the Ministry of Industry and Information Materials Division (Rare Earth Office) Organization Coordination Mechanism member units to promote the order rectification of rare earth industry, the relevant policy-related news or will continue to support domestic rare earth prices next week for the last week of 2017, the market price However, given the limited enthusiasm for downstream procurement, the rate of increase will be limited.