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[SMM Analysis] mainstream rare earth product quotations are downgraded and most of the market participants are optimistic about the future market.
Jul 12,2019 20:42CST
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Source:SMM
The content below was translated by Tencent automatically for reference.

SMM7 12 / 12 / PRNewswire-FirstCall-Asianet /-

This week, the prices of praseodymium neodymium oxide, dysprosium oxide, terbium oxide and gadolinium oxide all fell slightly, praseodymium oxide and neodymium oxide fell to 32-325000 yuan / ton, neodymium oxide followed the price of praseodymium oxide to 32.2-327000 yuan / ton, dysprosium oxide and terbium oxide fell to 191-1.93 million yuan / ton and 403-4.08 million yuan / ton, respectively, and the price of gadolinium oxide fell to 17.5-180000 yuan / ton. This week, the prices of mainstream rare earth products have been reduced to a certain extent, the actual transaction situation of light, medium and heavy rare earth products is weak, the mainstream large factories are still more optimistic about the future market, and the quotation has maintained a weak and stable state. Although the price has fallen to a certain extent, but the overall decline is limited. Some small factories and traders on praseodymium neodymium oxide and other light rare earth products, although the shipping price is low, but the actual demand of downstream enterprises is weak, the actual trading volume is not large.

The prices of rare earths listed in the north in July were announced today, and the prices of all products were the same as those of the previous month. The listing price of rare earths in the north has not been adjusted compared with last month, which is expected to boost market confidence and support the price trend of light rare earth products such as praseodymium and neodymium oxide in the future. however, against the background of weak supply and demand of light rare earth products such as praseodymium and neodymium oxide in the market, it is expected that the weak and stable operation situation will continue to be maintained in the short term. In terms of medium and heavy rare earths, although the prices are somewhat lower than the delivery date, due to the tightening of raw material supply over time, people in the industry are generally still optimistic about the future market. It is expected that after the recent correction in the prices of medium and heavy rare earths such as dysprosium oxide and terbium oxide, it is more likely that prices will rise smoothly in the future.

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