SMM11 March 24: a few days ago, Southern rare Earth announced the latest listing price of medium and heavy rare earth oxides. The quotations of most products were the same as those of the previous period, while those of individual products were higher. Among them, the quotation of gadolinium oxide increased by 3000 yuan / ton to 176000 yuan / ton, terbium oxide increased by 500000 yuan / ton to 5.8 million yuan / ton, and holmium oxide increased by 60, 000 yuan / ton to 505000 yuan / ton over the previous period.
The domestic rare earth market was hot last week, and the prices of many products continued to rise firmly. Affected by the tight spot supply, the prices of oxides and metals such as praseodymium, neodymium, dysprosium, terbium and holmium continue to rise.
In terms of light rare earths, praseodymium-neodymium oxide and neodymium oxide were still in short supply last week, and the demand for replenishment in metal factories was still there, so market quotations continued to rise, and actual transaction prices also followed. The same is true of metal products, due to the rising cost of upstream raw materials, praseodymium and neodymium metal and metal neodymium prices are high, spot hard to find, enterprises are currently less willing to ship, still optimistic about the future. Downstream magnetic materials enterprise orders are stable, inventory is not high, there will be normal inquiries and purchases in the near future, so the price increase is acceptable.
In terms of medium and heavy rare earths, terbium, dysprosium and holmium have performed well, and the overall situation is still strong. Prices have climbed almost every day last week, leading to active market inquiries, but the overall transaction situation is general, downstream enterprises are mostly a small number of appropriate bargain purchases, cautious attitude. Of course, the quotation of the separation factory is also a little hesitant.
SMM believes that the spot supply capacity of some rare earth products is still limited, mainly to deliver futures orders, while the order situation of downstream magnetic enterprises is OK, the inventory level is low, and there is a general demand for replenishment, so prices still have upward momentum in the short term.
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