Home / Metal News / Minor Metals / [selected SMM Weekly report] the rare earth market continues to cool down and the prices of many varieties are adjusted back.
[selected SMM Weekly report] the rare earth market continues to cool down and the prices of many varieties are adjusted back.
Sep 5,2020 10:26CST
translation
Source:SMM
[SMM Weekly selection: rare earth market continues to cool many varieties price correction] the domestic rare earth market has cooled this week, praseodymium, neodymium, dysprosium, terbium and other mainstream products have varying degrees of pullback; market transactions are sporadic, consumers are cautious to purchase. Light rare earths, lanthanum and cerium still maintain long-term stability, fundamentals and trading conditions have not changed much.
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.

This week, the domestic rare earth market has cooled down, praseodymium, neodymium, dysprosium, terbium and other mainstream products have varying degrees of pullback; market transactions are sporadic, consumers are cautious to purchase. Light rare earths, lanthanum and cerium still maintain long-term stability, fundamentals and trading conditions have not changed much.

The price of praseodymium and neodymium oxide has fallen back this week, especially as the previous high price began to fall. At present, the phenomenon of demand-side price reduction of praseodymium and neodymium oxide is common, and they are small exploratory enquiries and purchases; at the current good prices within the year, distributors intend to ship goods; most of the quotations of separation plants are still strong, and low prices are not available for the time being. This week, the market is still in the upstream and downstream game, the trading volume is small, and the price center of gravity has moved down slightly. As of Friday, the price of praseodymium-neodymium oxide was 33.8-342000 yuan / ton, down 1000 yuan / ton from last Friday; the price of praseodymium-neodymium metal was 43-436000 yuan / ton, down 3500 yuan / ton from last Friday.

In terms of medium and heavy rare earths, products such as terbium and gadolinium are under pressure this week. The trading of terbium oxide has remained inactive in the past half a month. After the previous price has rushed all the way, the market has entered a period of consolidation and recovery, and downstream consumption has not fully followed up. At present, the market has a strong wait-and-see mood and procurement is still cautious. Dysprosium oxide prices have also been weak recently due to the lack of support for orders. At present, consumers are not very active in purchasing, with few enquiries and pessimism about the future. The market is very inactive this week, and the quotations of the holders are relaxed as a whole. As of Friday, the price of terbium oxide was 4870-4920 yuan / kg, down 55 yuan / kg from last Friday; the price of metal terbium was 6220-6270 yuan / kg, down 30 yuan / kg from last Friday; and the price of dysprosium oxide was 1740-1760 yuan / kg, down 50 yuan / kg from last Friday.

The resource tax law came into effect this week, with a fixed tax rate for medium and heavy rare earths, reduced from 27% to 20%, and a wide tax rate of 7% for light rare earths and 12% for light rare earths. While reducing the costs of manufacturers, whether this adjustment will also affect the price of the market needs to be treated with caution.

"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 (8.31-9.04) 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

Notice of meeting

Sponsored by SMM, Dongguan Magnetic Materials Industry Association, Ganzhou rare Earth Industry Association jointly sponsored the "2020 China rare Earth permanent Magnet Industry Application Development Forum" will be held on October 15-16 in Ganzhou, Jiangxi Province, when industry experts, business leaders, industry elites, investment circles and other people will gather together to explore the development trend of the rare earth industry and explore potential business opportunities in the industry. SMM sincerely invites you to join us for innovation and resplendence!

"Click to learn more and sign up online

Please fill in your personal information on the last page and the meeting staff will contact you later!

Scan the QR code and apply to join the SMM rare earth industry exchange group

Rare earths
prices
quotations
forecasts

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