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[SMM Analysis] prices of rare Earth products are mixed this week
May 8,2020 21:06CST
The content below was translated by Tencent automatically for reference.

SMM5, 8 March:

The prices of rare earth products have been mixed this week. In terms of light rare earths, downstream enterprises just need to purchase praseodymium-neodymium products within the week, and market enquiries have increased, but some upstream merchants have limited willingness to hold and sell goods, and the prices of praseodymium-neodymium oxide and metal praseodymium-neodymium oxide have risen to 26.4-267000 yuan / ton on Friday. With regard to the prices of medium and heavy rare earth products, limited by market demand during the week, the prices of dysprosium oxide and terbium oxide continued to decline after the May Day holiday, but the market demand showed no obvious signs of improvement due to lower prices. on Friday, the mainstream transaction price of dysprosium oxide in the market dropped to 176-1.78 million yuan / ton, and the price of terbium oxide dropped to 387-3.92 million yuan / ton, and the price of terbium oxide factory was relatively strong. In fact, there is a supply of goods near 385-3.86 million yuan / ton in the market.

SMM believes that the recent rare earth market downstream demand weak background pattern has not yet changed, the recent rise in praseodymium neodymium oxide and metal prices mainly because downstream enterprises just need to purchase, if the end of subsequent procurement praseodymium neodymium price there is a small downward possibility, it is expected that the short-term light rare earth praseodymium and neodymium oxide price may be relatively stable or slightly weak operation. In terms of medium and heavy rare earths, the quotations of large factories are relatively strong, but the market demand is weak and there is a low quotation. Medium and heavy rare earths are expected to maintain a weak and stable pattern in the short term.

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