[selected SMM Weekly report] rare earths continue to bear pressure on the market as a whole in a period of consolidation.

Published: Sep 12, 2020 11:36

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[SMM Weekly selection: rare earths continue to bear pressure on the market as a whole] the domestic rare earth market continues to be under pressure this week, the prices of mainstream rare earth products are still falling, the listing prices of rare earths in the north are turning down from the previous month, and the market as a whole is still in a period of consolidation. In terms of light rare earths, the lanthanum and cerium industry remains stable, the fundamentals and trading conditions have not changed much, the price of neodymium oxide continues to fall this week, and the acceptance of high prices downstream is not high. In terms of medium and heavy rare earths, products such as terbium and gadolinium continued their downward trend this week without exception.

"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 continues to be under pressure, the prices of mainstream rare earth products are still falling, the listing price of rare earths in the north has turned down from the previous month, and the market as a whole is still in a period of consolidation.

In terms of light rare earths, the lanthanum and cerium industry remains stable, the fundamentals and trading conditions have not changed much, the price of neodymium oxide continues to decline this week, the acceptance of high prices downstream is not high, there are relatively many shipments in the market circulation, and the price grasp is relatively loose. The price of rare earths in the north announced in the middle of the week is significantly lower than that of last month, which also reflects the lack of confidence in the market in the short term. Generally speaking, the market is under severe pressure. As of today, the price of neodymium oxide is 33.5-339000 yuan / ton, down 3000 yuan / ton from last Friday, while the price of wrong neodymium metal is 42.5-430000 yuan / ton, down 5500 yuan / ton from last Friday.

In terms of medium and heavy rare earths, products such as terbium and gadolinium continue the downward trend this week without exception. Under the mood of buying one piece but not buying down, the current terminal consumer enterprises purchase less, the rigid demand is mainly released, and there is still a certain price expectation. This week, terbium oxide, dysprosium oxide, gadolinium oxide and other products are still in the overall consolidation down, wait-and-see mood has not subsided, order 0.3, as of today, the price of terbium oxide is 4850-4900 yuan / KK. 20 yuan / gram lower than last Friday; The price of metal terbium is 6200-6250 yuan / dry gram, down 20 yuan / dry gram from last Friday, and the price of dysprosium oxide is 1710-1730 yuan / dry gram, down 30 yuan / dry gram from last Friday.

The tax rate adjustment brought about by the formal implementation of the resource tax law last week and the reduction in the listing price of rare earths in the north this week may indeed put pressure on the market. In the current situation of lack of positive factors to stimulate terminal consumption at home and abroad, the domestic rare earth market may continue to consolidate.

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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 (9.7-9.11) and next week

Hot spots in rare Earth Industry

Political policy

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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!

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Rare earths price forecasts quotations

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

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