Metals News
[SMM analysis] upstream merchants are optimistic that praseodymium and neodymium prices will rise slightly within the next week.
Sep 12,2019
The content below was translated by Tencent automatically for reference.

SMM, 12 Sept.

This week, only praseodymium oxide and neodymium oxide prices increased slightly, Friday praseodymium oxide neodymium oxide quoted 32.8-333000 yuan / ton, neodymium oxide rose to 33-335000 yuan / ton, dysprosium oxide quoted 192-1.94 million yuan / ton, terbium oxide quoted 393-3.95 million yuan / ton. This week, the prices of praseodymium and neodymium oxide have stabilized compared with the previous period. The main reason is that the price of praseodymium and neodymium oxide has increased rapidly in the previous week. At present, upstream businesses are still bullish on the future market. In addition, in the September listing prices announced by the Northern rare Earth Group, the prices of praseodymium neodymium oxide, metal praseodymium neodymium and metal neodymium have all risen compared with the previous period, which have played a certain role in boosting market confidence. The northern rare earths announced the listing price of the next trading day, upstream businesses generally raised praseodymium oxide neodymium oxide and neodymium oxide quotation. However, metal and downstream magnetic materials enterprises generally accept high praseodymium and neodymium oxide. In addition, near the Mid-Autumn Festival holiday, the downstream buying is weaker than the previous period, limiting the increase of praseodymium neodymium and neodymium.

It is expected that the prices of praseodymium neodymium oxide and neodymium oxide will gradually pick up with the purchase of downstream enterprises and tighten the supply in the second half of the year. In the aspect of medium and heavy rare earths, the tightening of raw material supply has not been alleviated. Although some enterprises reduce the amount of dysprosium oxide and use other alternatives, it is expected that the prices of medium and heavy rare earth products will continue to rise steadily in the future.

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