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[SMM analysis] the price of mainstream rare earth oxides rose slightly during the week. The price of rare earths may remain weak in the short term.
Apr 17,2020 19:47CST
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Source:SMM
The content below was translated by Tencent automatically for reference.

SMM4, 17 March:

Most of the rare earth oxide prices stabilized this week, with praseodymium and neodymium oxide, dysprosium oxide and terbium oxide rising slightly during the week. In the aspect of light rare earths, the price of praseodymium and neodymium oxide has stabilized and risen, mainly because the price of praseodymium and neodymium oxide has fallen to near the low point in 2019, reaching the price level of some downstream enterprises, and the market wait-and-see mentality has been shaken. Praseodymium and neodymium oxide inquiry and transaction situation have picked up somewhat, and the willingness of superimposed upstream businesses to continue to fall prices is limited, resulting in praseodymium and neodymium oxide prices stabilizing and rising slightly But then market demand fell slightly from the previous period to maintain the general level, praseodymium and neodymium oxide continued to rise momentum to weaken the relative stability of prices, praseodymium oxide neodymium oxide 258000 yuan / ton or below the low price supply is difficult to find. In the aspect of medium and heavy rare earths, there are expectations of collection and storage in the market and the transaction situation of terbium oxide has improved slightly, the prices of terbium oxide and terbium oxide have increased slightly, the prices of dysprosium oxide and terbium oxide have rebounded in the past week, and the prices of dysprosium oxide and terbium oxide have rebounded during the week. On Friday, praseodymium and neodymium oxide quoted 25.8-262000 yuan / ton, dysprosium oxide 178-1.81 million yuan / ton, terbium oxide 390-3.95 million yuan / ton.

SMM believes that whether the price of short-term light, medium and heavy rare earth products can stabilize is mainly affected by the downstream demand of the market, praseodymium and neodymium oxide prices continue to have relatively limited downward space, and it is expected that there will be no stimulating effect of demand or maintain a relatively stable situation in the short term. In the aspect of medium and heavy rare earths, the recent quotation of large factories is relatively strong and the willingness to ship at low prices is limited. Although the demand is relatively weak, it is expected that the possibility of a sharp decline in the short term is relatively low. It is expected that the prices of medium and heavy rare earths such as terbium oxide may be weak and stable in the near future.

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