Home / Metal News / Rare Earth / [selected SMM Weekly report] the trend of light, medium and heavy rare earth products slows down and purchases on demand downstream.
[selected SMM Weekly report] the trend of light, medium and heavy rare earth products slows down and purchases on demand downstream.
Jul 4,2020 11:07CST
translation
Source:SMM
[SMM Weekly selection: the trend of light, medium and heavy rare earth products slows down downstream on demand purchase] compared with before the Dragon Boat Festival, the trend of domestic light, medium and heavy rare earth products began to slow down this week, prices are no longer radical, and downstream on-demand procurement. Light rare earths, praseodymium and neodymium oxide prices first continued the previous upward momentum, stable and then fell slightly. In terms of medium and heavy rare earths, terbium oxide, holmium oxide and other products have been eye-catching recently. In particular, the price of terbium oxide has continued to rise to the highest level in nearly eight years, the market sentiment has been fully mobilized, and the holders are more confident.
The content below was translated by Tencent automatically for reference.

"SMM rare Earth Weekly report" released, the weekly report SMM will select one of the hot topics, prices, market or major changes in the industrial chain information released into a document for your reference.

Compared with before the Dragon Boat Festival, the trend of domestic light, medium and heavy rare earth products began to slow down this week, prices are no longer radical, downstream on-demand procurement.

Light rare earths, praseodymium and neodymium oxide prices first continued the previous upward momentum, stable and then fell slightly. This week, the overall trading in the praseodymium-neodymium oxide market is light, and when the previous price has risen all the way to the price level of 290000 yuan / ton, the downstream wait-and-see atmosphere is strong, the acceptance of this price is limited, and the market enters the game. From the perspective of market inventory, the overall inventory of the holders, including the separation plant, is not high, so the market begins to consolidate at this price level. As of Friday, the price of praseodymium and neodymium oxide was 28.8-292000 yuan per ton, unchanged from last Friday.

In terms of medium and heavy rare earths, terbium oxide, holmium oxide and other products have been eye-catching recently. In particular, the price of terbium oxide has continued to rise to the highest level in nearly eight years, the market sentiment has been fully mobilized, and the holders are more confident. At present, the market supply of terbium oxide is relatively tight, coupled with the expected superimposed impact of the collection and storage of medium and heavy rare earths, so this round of rise has a certain solid foundation. Of course, when reaching the current price, some of the holders' quotation and shipping enthusiasm have been improved, appropriate shipping; there are also some businesses are still optimistic about the future, shipping hesitation. As of Friday, the price of terbium oxide was 4,650 murals per kilogram, an average price up 60 yuan per kilogram compared with last week.

SMM believes that the current praseodymium and neodymium oxide prices still need time to consolidate and digest, and there is also the possibility of a small shock; the recent performance of medium and heavy rare earths represented by terbium oxide is strong, or there is still some room for upside.

 

"apply for free to view the historical price of SMM

Catalogue of "SMM rare Earth Industry chain Weekly report" in this issue

Main points of this issue's weekly report

Prices of major rare earths in China

Market Review and Forecast: rare Earth prices this week (6.29mur7.3) and Forecast next week

Hot spots in rare Earth Industry

Political policy

Scan the QR code application report for free and join the SMM rare earth industry chain exchange group

The contents of the "SMM China rare Earth Industry chain routine report" include: market review and forecast, rare earth industry hot spots, overseas market hot spots, rare earth upstream and downstream industry hot spots, political policies, weekly update interpretation of hot events, focusing on the contradictions that have changed greatly during the week. "View details

 

Rare earths
production
quotations

For queries, please contact Frank LIU at liuxiaolei@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news