The problem of excess production capacity of lanthanum cerium is becoming increasingly serious. The terminal demand is particularly sluggish, with poor order release and a sharp increase in pressure on manufacturers to ship, resulting in continuous price reductions. Moreover, both fundamentals and news are difficult to see positive results, and market sentiment is pessimistic. The market for lanthanum oxide and cerium oxide is difficult to improve.
It is understood that the ex factory tax transaction price of 99.95% lanthanum oxide in the market is between 3800-4300 yuan/ton, with a small amount of transactions at 3800 yuan/ton. The ex factory tax transaction price of 99.95% cerium oxide in the market is between 4000-4500 yuan/ton, and there are also small transactions below 4000 yuan/ton.
In addition, the export situation of lanthanum oxide and cerium oxide is poor. According to statistics from the General Administration of Customs, China exported 4648.2 tons of lanthanum oxide from January to June 2023, a year-on-year decrease of 21.1%. The total export value was 6.499 million US dollars, with an average export price of 1.4 US dollars per kilogram. From January to June 2023, China exported 1566.8 tons of cerium oxide, a year-on-year decrease of 19.5%, with a total export value of 5.02 million US dollars and an average export price of 3.2 US dollars per kilo gram.
Post time: Aug-15-2023