Baotou Iron and Steel Co., Ltd. on Thursday announced the listing price of rare earth oxides in March. in addition to lanthanum oxide, praseodymium and neodymium products were raised as scheduled, while cerium oxide was slightly reduced to 15000 yuan per ton. Before the listing price was announced, the market praseodymium and neodymium products had been gradually raised in advance, so this month's listing price was also counted as "boots landing" in line with expectations. after the price announcement, the market reaction calmed down and stabilized.
In addition to praseodymium and neodymium, dysprosium, terbium and gadolinium are adjusted to varying degrees this week. It is reported that terbium oxide production is not high, supply and demand is relatively stable, but recently due to downstream replenishment, some areas appear tight supply pattern, prices pushed up. Gadolinium oxide circulation supply is also small, in addition to the normal downstream procurement consumption, the market also has the phenomenon of private speculators hoarding, resulting in a reduction in the supply of goods. Dysprosium oxide itself inventory is large, the recent rise is mainly supported by the permanent magnet plate, followed by the rise.
This week the transaction atmosphere is general, downstream procurement enthusiasm release is limited, cargo holders to raise the momentum of quotations began to weaken. It is reported that the relevant departments will hold a meeting to discuss the collection and storage matters in the near future, the market is looking forward to this, but no action has been made for the time being. SMM believes that although the recent market prices continue to rise, but the lack of substantial good, for the price rise is lack of momentum, next week prices are expected to be stable, individual varieties with poor transactions do not rule out the possibility of a negative decline. (Wu Xiaofeng, Shanghai Colored net)