company news about Rare Earth Prices Today

    Today, the prices of rare earth oxides and metals continue to decrease. The mainstream transaction price in the praseodymium and neodymium oxide market is lowered by 810,000-815,000 yuan/ton, and the mainstream transaction price in the praseodymium and neodymium metal market is lowered to 980,000-990,000 yuan/ton. The order situation of downstream magnetic material enterprises has not improved, and the purchasing demand has decreased. We are cautiously watching the price trend of raw materials. Metal factories and separation factories have relatively few transactions.

Dysprosium and terbium products of medium and heavy rare earths are relatively strong. The mainstream price of dysprosium oxide is 2.34-2.35 million yuan / ton, and the mainstream price of terbium oxide is 13.60-13.7 million yuan / ton. The enthusiasm for buying is not high, and a small amount just needs to be followed up.

Macro: In terms of data, focus on the initial value of Markit manufacturing PMI in the United States, the United Kingdom, France, Germany and the euro zone in July, the Gfk consumer confidence index in the United Kingdom in July, the monthly rate of retail sales after seasonal adjustment in June, and the national CPI in Japan in June , Canada's May retail sales and other data. In addition, the Russian central bank will announce the interest rate decision, the central bank governor Nabiullina will hold a monetary policy press conference, and the European Central Bank will announce the expert expectation survey report.

In terms of metal futures: Metals were mixed in the outer disk overnight, with London copper, zinc and lead all falling by more than 1%, while nickel leading the way with an increase of 1.99%. The only metal in the inner disk was Shanghai nickel, which rose by 0.77%. Shanghai lead, Shanghai zinc and Shanghai tin all fell more than 1%. The black lines are green across the board, and they are all lower than during the day. Stainless steel led the way with a 1.2% decline. Double coke closed down together, coking coal fell 0.85%, and coke fell 1.52%.    

                                                                                                          source from www.smm.cn