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[SMM Analysis] China and the United States confirm that the price of light, medium and heavy rare earths will be raised first and then suppressed at the G20 summit.
Jun 21,2019 20:41CST
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Source:SMM
The content below was translated by Tencent automatically for reference.

SMM6, 21 / 21 / PRNewswire-FirstCall-Asianet /-

The price of light, medium and heavy rare earths generally went up and down this week. In terms of light rare earths, praseodymium and neodymium oxide rose from 36.5-370000 yuan / ton to 37.5-380000 yuan / ton and then dropped to 36.5-370000 yuan / ton. Neodymium oxide followed the trend of praseodymium oxide from 36.7-372000 yuan / ton to 37.5-385000 yuan / ton, then decreased to 36.7-372000 yuan / ton, praseodymium oxide decreased to 40-410000 yuan / ton. In terms of medium and heavy rare earths, dysprosium oxide stabilized at 198-2.02 million yuan / ton this week, while terbium oxide rose from 415-4.2 million yuan / ton to 420-4.25 million yuan / ton and returned to 415-4.2 million yuan / ton again. The high price of light, medium and heavy rare earth products this week was mainly due to the fact that China and the United States confirmed to meet at the G20 summit, Sino-US trade war sentiment eased, rare earth market sentiment was unstable, and some traders and manufacturers increased shipments of light rare earth products such as praseodymium and neodymium oxide. In addition, downstream enterprises have a stronger wait-and-see mood and general transaction sentiment, leading to a downward trend in the price of light rare earths such as praseodymium and neodymium oxide. The price of terbium oxide has also fallen to a certain extent, and the prices of light, medium and heavy rare earths have stabilized on Friday.

The results of next week's G20 summit may have a certain impact on the prices of rare earth products. It is expected that by the end of next week's meeting, the market will have a strong wait-and-see mood, and the prices of light, medium and heavy rare earth products will remain stable.

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