SMM8, September 9, news:
The price of rare earth products stabilized after rising earlier this week. The price of praseodymium and neodymium oxide rose from 30-305000 yuan / ton at the beginning of the week to 31.2-315000 yuan / ton on Friday, and the price of neodymium oxide rose to 31.4-317000 yuan / ton. The prices of dysprosium oxide, terbium oxide, gadolinium oxide and holmium oxide have also risen to a certain extent. On Friday, dysprosium oxide was quoted at 19.4-1.96 million yuan / ton, terbium oxide at 396-4 million yuan / ton, gadolinium oxide at 17.3-178000 yuan / ton and holmium oxide at 38.5-390000 yuan / ton. Prices for big companies have risen steadily this week, but have been limited by weak demand. At present, the acceptance of price rise by downstream enterprises is general, and the shipping price of some businesses is lower than that of the previous period, and there is a low-priced source of goods in the rare earth market.
At present, affected by rumors of storage expectations and escalating trade frictions between China and the United States, confidence in the rare earth market has been boosted, and quotations for large factories are generally relatively strong, but the fundamentals of light rare earth oxides such as praseodymium and neodymium oxide are weak and the actual transaction is mediocre. If there is no major news stimulation, the upward space is limited. Under the influence of sufficient market confidence and shortage of raw materials, the prices of medium and heavy rare earth products such as dysprosium oxide and terbium oxide are expected to rise steadily in the future.