[SMM Weekly selected] earnings fundamentals quotation for praseodymium-neodymium products continues to rise

"SMM rare Earth Weekly report" released, the weekly report SMM will select one of the hot topics, prices, market or major changes in the industrial chain information released into a document for your reference.

SMM11 March 6 News: the prices of domestic rare earth products have improved in an all-round way this week. Not only the praseodymium-neodymium series products with tight supply continue to rise, but also medium and heavy rare earths have a good performance. Dysprosium oxide, terbium oxide and other products are firm upward.

Light rare earths, praseodymium-neodymium oxide and praseodymium-neodymium metal prices continued At present, the spot supply of praseodymium-neodymium oxide is still tight, while the orders of downstream magnetic enterprises show signs of improvement recently, and the inquiry order is more active than in the previous period; and the cherishing selling mentality of the separation plant always exists, so the praseodymium-neodymium price has been running strongly under the support of fundamental factors. on the basis of last week's uplink, continue to move upward. Of course, at present, downstream orders are only based on rigid demand procurement, and the acceptance of this high price is limited. As of Friday, the price of praseodymium-neodymium oxide was 34.2-346000 yuan / ton, up 10500 yuan / ton from last Friday; the price of praseodymium-neodymium metal was 43-434000 yuan / ton, up 14000 yuan / ton from last Friday.

In terms of medium and heavy rare earths, the overall performance this week is strong, while prices rise, trading volume is also driven; and with the rise in prices and the increase in downstream enquiries, the market gradually evolves to the seller's market sentiment. Metal factory bargain timely purchase, downstream magnetic materials enterprises to increase the number of orders, procurement is still cautious. The prices of terbium oxide and dysprosium oxide rise with each other, but by the end of this week, the market sentiment has declined and become more rational. The game between upstream and downstream will still exist in the short term, but the strong pattern will also continue. As of Friday, the price of dysprosium oxide was 1710-1750 yuan / kg, up 60 yuan / kg from last Friday; the price of terbium oxide was 5030-5080 yuan / kg, up 85 yuan / kg from last Friday.

SMM believes that the strong fundamentals of praseodymium and neodymium will still support its price to run upward, but whether Synchronize can keep up with the deal is the key.

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