The market for lanthanum and cerium is still weak, and metal cerium is steadily rising

November 27, 2023: Recently, the lanthanum cerium metal market has shown a weak and stable trend, and terminal demand has remained sluggish, resulting in a relatively weak overall market performance. The willingness of procurement parties to prepare materials is generally average, mainly adopting on-demand procurement, which creates certain pressure on market prices. Holders continue to strive to maintain orders from existing customers, but due to insufficient demand, the situation of shipping remains stagnant, and prices remain at a low level as a result.

However, the market for cerium metal is showing a continued upward trend. This is mainly due to cost support and factors such as improved demand. The factory has sufficient confidence in the market outlook, and the quotation continues to rise, showing a certain willingness to increase prices. With the slow follow-up of downstream orders, the market transaction atmosphere has gradually warmed up, providing strong support for the upward trend of cerium metal prices.

Although the overall performance of the lanthanum cerium metal market is relatively weak at present, with the gradual increase in the price of cerium metal, the cost of lanthanum cerium metal has increased, and some lanthanum cerium manufacturers have reduced their willingness to ship at low prices, maintaining a stable wait-and-see market. We will closely monitor the supply and demand situation of the lanthanum cerium market in the future, be vigilant about the situation where holders will give up profits to ship and recover funds at the end of the year, and also look forward to the arrival of stocking orders at the end of the year.

At present, the mainstream tax inclusive prices for alloy grade lanthanum cerium metal range from 17000 to 18000 yuan/ton, with a small amount of transactions ranging from 17000 to 17500 yuan/ton. The mainstream tax inclusive prices for cerium metal  range from 26000 to 27000 yuan/ton, with a small amount of transactions ranging from 25500 to 26000 yuan/ton.