In May 2023, the average price of 65 household necessities included in the monitoring catalog in Jiangxi Province rose by 30% from the previous month and decreased by 4% from the previous month, and increased by 33% from the same period last year and fell by 4% from the same period last year. Among them, the price of tungsten concentrate in the means of industrial production rose, the price of steel and rare earth fell, the price of cement fell slightly, and the price of sand and gravel remained stable.
In terms of rare earth prices, the average sales prices per ton of high yttrium oxide (rare earth) and medium yttrium europium (rare earth) in Ganzhou in May 2023 were 255,000 yuan and 200,000 yuan, respectively, a month-on-month decrease of 5.56% and 6.98%, respectively. Down 43.33% and 48.72%.
According to Chinatungsten Online, the price trend of China’s rare earth products in May 2023 is relatively good, mainly because the prices of many products at the end of the month are higher than those at the beginning of the month, but the average price is still down month-on-month and year-on-year. In May 2023, the average price of praseodymium and neodymium oxide was 467,048 yuan/ton, a month-on-month decrease of 5.38%, and a year-on-year decrease of 46.22%; Yuan/kg, a month-on-month decrease of 10.39%, and a year-on-year decrease of 36.68%; the average price of dysprosium oxide was 2,030,952 yuan/ton, a month-on-month increase of 4.06%, and a year-on-year decrease of 25.61%.
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