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[SMM Analysis] most of the prices of rare earth products fell during the week. The prices of short-term rare earths were mainly weak and stable.
Apr 10,2020 22:30CST
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Source:SMM
The content below was translated by Tencent automatically for reference.

SMM4, 10 March:

The prices of most rare earth products have fallen this week. Light rare earth due to the early Zhou metal plant and downstream enterprises generally maintain on-demand procurement within the week, the market demand is weak. Affected by market demand, upstream quotes gradually fell to a full-year low in 2019. Subsequently, the metal factory and downstream enterprises wait and see mood has weakened, the market inquiry order transaction situation slightly warmed up, at present some upstream businesses continue to significantly lower praseodymium and neodymium oxide price willingness is limited, upstream big factory quotation is relatively stable, the market has only a small amount of low-price supply, Friday praseodymium and neodymium oxide price 25.7-262000 yuan / ton, neodymium oxide 28-282000 yuan / ton. In the aspect of medium and heavy rare earths, the overall transaction of medium and heavy rare earths remained weak during the week, the prices of dysprosium oxide and terbium oxide decreased slightly this week compared with last week, and the quotation of large factories was relatively strong, but the actual market transaction did not improve. downstream enterprises maintain a weak willingness to purchase. Dysprosium oxide 177-1.8 million yuan per ton and terbium oxide 388-3.95 million yuan per ton on Friday.

SMM believes that light rare earth, the current price of praseodymium and neodymium oxide fell to the 2019 full-year low near, the market wait-and-see sentiment weakened and warmed up, it is expected that the short-term praseodymium and neodymium oxide price will continue to fall sharply, or remain stable in the short term. In terms of medium and heavy rare earths, at present, the prices of dysprosium oxide and terbium oxide are also in a downward cycle affected by domestic market demand. Due to the relatively large proportion of dysprosium oxide and terbium oxide plants in the market, the quotation of large factories has been relatively strong in the near future, but the market transaction is still weak. It is expected that the prices of medium and heavy rare earth products such as terbium oxide may be weak and stable in the short term.

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