SMM5 March 22:
The prices of rare earth products have been mixed this week. In terms of light rare earths, the market turnover of praseodymium-neodymium oxide this week is lower than that of last week, and the inquiry order and the actual transaction situation are generally weak. Due to the market demand upstream merchants gradually cut prices, praseodymium neodymium oxide prices gradually fell, Friday praseodymium neodymium oxide quotation 26.6-269000 yuan / ton. In terms of medium and heavy rare earths, the prices of dysprosium oxide and terbium oxide rose sharply this week compared with last week. The recent acquisition and storage expectations have attracted much attention from the market. Myanmar's ionic rare earth ore imports are relatively low compared with the same period last year, and the market is expected to maintain a relatively low level of ionic rare earth ore imports that may be caused by the upcoming rainy season in Myanmar, the impact of tightening of rare earth mineral raw material supply and market storage expectations, upstream merchants actively raise quotations, market enquiries and transactions have warmed up. Dysprosium, terbium prices are supported by the actual transaction situation, the performance is relatively strong and rising day by day. Dysprosium oxide 193-1.95 million yuan / ton and terbium oxide 415-4.2 million yuan / ton on Friday.
SMM believes that light rare earths, the recent weak demand for praseodymium-neodymium oxide quotation and the actual transaction price has declined, the current price distance from 260000 yuan / ton early price low space is limited, is expected to fall sharply is limited, it is expected that short-term if there is no demand-end stimulation praseodymium-neodymium oxide price may be weak and stable. In terms of medium and heavy rare earths, the prices of dysprosium oxide and terbium oxide are still in a relatively strong state, upstream merchants offer firm upward prices, and actual transaction prices have risen somewhat. It is expected that the prices of medium and heavy rare earths such as terbium will continue to be strong in the short term, and there is a possibility of further upward trend.