[SMM analysis] the stock of rare earths in the market is expected to be strong, and the A-share plate is ready to move.

SMM5 March 22: according to SMM quotation data, as of May 22, dysprosium oxide was 50 yuan / kg higher than yesterday, dysprosium oxide price was 1940 yuan / kg, a monthly increase of more than 6%; terbium oxide price was 4175 yuan / ton, up 50 yuan / kg from yesterday, a monthly increase of about 6%. In the middle of last week, the price of terbium oxide began to pick up after a period of consolidation. At the beginning of the week, due to the relatively weak market transactions and strong quotations from large manufacturers, the price of dysprosium oxide remained relatively stable at the beginning of the week, and the price of terbium oxide declined. Then the market inquiry situation gradually rises, the upstream merchant quotes are relatively strong, dysprosium oxide and terbium oxide prices are raised.

Stimulated by the news of low rare earth prices and warmer demand, the share prices of A-share rare earth permanent magnet listed companies have also performed in recent days. After the A-share rare earth permanent magnet plate bottomed out in early May, the plate rose nearly 5% in one week, and then rose one week after being spurred by market expectations. Rare earth minerals in Minmetals, the leading rare earth mine, rose more than 20% in a week.

Rare earth permanent magnet leader Jinli permanent magnet rose more than 10% in a week, and then adjusted back.

In terms of medium and heavy rare earths, the recent rare earth market stock is expected to rise gradually, and the quotations of large factories rise day by day during the week, and the inquiry transactions of downstream enterprises have warmed up, pushing up the price trend of rare earth varieties such as terbium. Dysprosium oxide quoted price of 193-1.95 million yuan / ton on Friday, terbium oxide quoted price of 415-4.2 million yuan / ton. SMM believes that dysprosium oxide and terbium oxide prices are still in a relatively strong state, upstream merchants are relatively limited in their willingness to ship goods at low prices, and the actual transaction prices have risen somewhat. It is expected that the prices of medium and heavy rare earths such as terbium in the short term may continue to show a strong trend in the short term.

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