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[SMM Analysis] the weak pattern of rare earth market intensifies the future of medium and heavy rare earths is expected to go up.
Jul 19,2019 20:06CST
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Source:SMM
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SMM7, 19th, news:

The prices of praseodymium oxide, neodymium oxide, erbium oxide and holmium oxide have all been reduced this week. Affected by the weak demand downstream and the low price shipping factors of some small factories and traders, this week, praseodymium and neodymium oxide fell from 31-315000 yuan / ton to 30-305000 yuan / ton, and neodymium oxide followed down to 30.2-307000 yuan / ton. This week, the quotation for praseodymium oxide has also been reduced to a certain extent. At present, the price of praseodymium oxide has dropped from 40-410000 yuan / ton to 39-400000 yuan / ton. The prices of erbium oxide and holmium oxide have been reduced by the listing price of rare earths in the south this week. At present, erbium oxide is 18.5-190000 yuan / ton and holmium oxide is 38.5-395000 yuan / ton.

Praseodymium neodymium and other light rare earth products this week although the market quotation decline, but the actual trading volume is less, downstream magnetic materials enterprises into the off-season and price decline wait-and-see mood is stronger, the possibility of short-term demand improvement is not large. If there is no major news boost, the price of light rare earth products such as praseodymium and neodymium oxide is expected to maintain a weak pattern. In terms of medium and heavy rare earths, the prices of medium and heavy rare earth products such as holmium oxide and erbium oxide in the southern rare earth list price decreased at the beginning of this week, but the quotations for dysprosium oxide and terbium oxide were still relatively strong. Dysprosium oxide and terbium oxide prices remained stable this week, but the actual market transactions were weak. Due to the impact of supply and demand, it is expected that the prices of medium and heavy rare earth products such as dysprosium oxide and terbium oxide will remain weak and stable in the short term, and the prices of medium and heavy rare earth products may rise after the recovery of downstream demand.

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