SMM4, 29th:

Prices of rare earth products have been mixed this week, with the May Day holiday approaching and the end of the month superimposed on the backdrop of shrinking orders for downstream companies in their own rare earths, and the overall trading situation in the rare earth market this week is generally weak. As far as light rare earths are concerned, downstream enterprises remain relatively weak during the week. Some metal factories purchase a small amount of praseodymium and neodymium oxide, resulting in a small rise in their prices, and the market is difficult to find. The current mainstream transaction price is 26.0-263000 yuan / ton, and some upstream businesses have high quotations, but the actual transaction is relatively difficult. Wednesday praseodymium oxide neodymium oxide price 26.2-265000 yuan / ton. In terms of medium and heavy rare earths, dysprosium oxide and terbium oxide have recently declined again, mainly due to the decline in market sentiment and the drag of demand. Some upstream merchants are willing to offer loosely to adjust their prices. Dysprosium oxide 177-1.79 million yuan / ton, terbium oxide 389-3.94 million yuan / ton on Wednesday, dysprosium oxide and terbium oxide prices rose slightly in the early market, dysprosium oxide and terbium oxide prices rose slightly, the prices of dysprosium oxide and terbium oxide fell again recently, mainly due to the decline of market sentiment and the drag of demand. There are actually lower quotations in the market.

SMM believes that after May Day holiday, the short-term market transaction may continue to maintain a relatively weak state, praseodymium and neodymium oxide market significantly reduce the willingness to quote is limited, but subject to market demand, or continue to maintain a relatively stable situation in the short term. In the aspect of medium and heavy rare earths, the quotations of some upstream merchants are loose and dragged down by market demand, but some of them still remain relatively strong, so it is expected that the prices of heavy rare earths may be weak and stable in the short and medium term.