SMM, 18 October:

The prices of most rare earth products have been reduced this week. For mainstream rare earth products, praseodymium oxide and neodymium oxide have dropped to 30.4-309000 yuan / ton from 31.2-317000 yuan / ton at the beginning of the week, and dysprosium oxide price has dropped from 175-1.78 million yuan / ton to 169-1.72 million yuan / ton. Terbium oxide decreased from 377-3.8 million yuan / ton to 370-3.73 million yuan / ton. As for light rare earths, the prices of praseodymium oxide, neodymium oxide and praseodymium oxide have all been lowered during the week. Due to the fact that there are some low prices in the market and falling prices, most of the metal plants and downstream enterprises maintain on-demand procurement, and the overall demand is weak. Heavy rare earths, Myanmar customs clearance after the early market confidence continues to be affected, coupled with the price of rare earth products continue to decline, the market wait-and-see mentality is strong, the actual inquiry transaction situation is weak.

At present, the actual circulation of dysprosium oxide and terbium oxide in the market is still relatively small, some major factories reported that there is the possibility of buying medium and heavy rare earth products in the near future. SMM predicts that due to this effect, the prices of medium and heavy rare earth products such as dysprosium oxide and terbium oxide may maintain a weak and stable pattern. On the light rare earth side, whether praseodymium and neodymium oxide prices fall again remains to be seen, with short-term attention to whether there are signs of a pick-up in downstream demand.