DyO price/demand divergence, page-22

BEIJING (Info-RE) 19-May-17  Dysprosium market has seen little movement during the past days in response to the persistently weak demand from downstream consuming sector as well as the ample domestic supply.

Market sources said that 99% dysprosium oxide is still available about RMB1,200-1,210/kg($174-176/kg), little change seen during the past days.

Meanwhile, ferro-dysprosium (Dy 80%) prices remain holding around RMB1,230-1,240/kg($179-180/kg), similar to prices seen over the past few weeks.

The lack of good consumer buying from downstream NdFeB producers, coupled with the relatively large domestic feed, is cited as the main reason for the stability in dysprosium prices, even though prices for many other magnetic rare earth elements, such as praseodymium/neodymium and terbium, have been on the rise during the past weeks.

Many market players have been cautious about the dysprosium outlook in the coming months because of the reduction in downstream consuming demand though some suppliers also anticipate that the expected China’s government reserves could somewhat underpin dysprosium prices.

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