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[SMM Weekly selection] the rare earth market has cooled down this week and the price of terbium oxide has fallen from a high level.
Jul 11,2020 10:35CST
translation
Source:SMM
[SMM Weekly selection: the rare earth market has cooled this week and the price of terbium oxide has fallen.] for light rare earths, praseodymium and neodymium oxide is gaining momentum this week after falling prices the week before, rising slightly. In terms of medium and heavy rare earths, terbium oxide. The price of dysprosium oxide is relatively weak and the transaction is weak. The price of terbium oxide has been rising all the way in the early stage, and the price has risen significantly under the superposition of objective supply and demand tension factors and relatively subjective factory pull factors.
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"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.

This week, the domestic rare earth market has cooled down compared with the previous two weeks, the prices of some products have entered an adjustment period, and the prices of products such as terbium oxide have fallen at high levels.

In terms of light rare earths, praseodymium and neodymium oxide gained momentum and rose slightly this week after falling prices the week before. On the one hand, it is due to the increase in market buying when the price fell before, resulting in some adjustment of the pricing strategy of the bearer; on the other hand, the upstream manufacturers still hold a positive attitude towards praseodymium and neodymium oxide, especially after the listing price of the Northern rare Earth Group in July was released, with the rising price of praseodymium and neodymium oxide, the market has strengthened this confidence. As of Friday, the price of praseodymium and neodymium oxide was 29.2-294000 yuan / ton, up 3000 yuan / ton from last Friday.

In terms of medium and heavy rare earths, terbium oxide. The price of dysprosium oxide is relatively weak and the transaction is weak. The price of terbium oxide has been rising all the way in the early stage, and the price has risen significantly under the superposition of objective supply and demand tension factors and relatively subjective factory pull factors. However, when the acceptance price reaches 4650 yuan / kg, downstream acceptance decreases, buying interest becomes worse, and wait-and-see mood gradually accumulates, leading to a slight fall in prices this week. Similarly, dysprosium oxide prices into consolidation this week, separated enterprises in the current price of shipping enthusiasm is not high, and downstream is also just need to purchase, trading volume shrinking, trading slightly difficult. As of Friday, the price of terbium oxide was 4630murl 4680 yuan / kg, down 20 yuan / kg from last week; the price of dysprosium oxide was 1870Muth1900 yuan / kg, down 15 yuan / kg from last week.

SMM believes that this week, the Southern rare Earth Group and the Northern rare Earth Group announced their rare earth listing prices for this week and this month, and the market is expected to be released after the news. It is expected that the price trend of domestic rare earth products will stabilize in the coming week, dominated by consolidation and digestion.

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