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[SMM rare Earth Daily Review] the price of light and medium baryonic products remains weak.
Jul 16,2019 18:00CST
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Source:SMM
The content below was translated by Tencent automatically for reference.

SMM7, 16th, news:

Recently, the prices of light, medium and heavy rare earth products have dropped to varying degrees. In terms of light rare earths, the quotations of large factories remain weak and stable, and the actual shipments are low. Some traders bought praseodymium neodymium oxide at high prices in the early stage, and the recent price decline actively shipped to reduce losses, but due to the entry of the summer off-season, the actual demand of downstream magnetic materials factories is not strong, although the price is on the low side, but the actual transaction situation remains weak. Praseodymium and neodymium oxide is currently the mainstream market transaction price of 31-315000 yuan / ton, today praseodymium oxide quotation fell to 39-400000 yuan / ton.

In terms of medium and heavy rare earths, the situation that the supply of medium and heavy rare earths exceeds demand is becoming more and more intense, and some smelting separation plants have entered the stage of consumption and inventory. Market participants are still generally optimistic about the future of medium and heavy rare earth products, thinking that it is only a short-term correction. Today, dysprosium oxide quoted 190-1.92 million yuan / ton, terbium oxide quoted 400-4.02 million yuan / ton, erbium oxide quoted price reduced to 18.5-190000 yuan / ton.

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