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[selected SMM Weekly report] the rare earth market has been under continuous pressure and trading has not improved.
Sep 26,2020 11:14CST
translation
Source:SMM
[SMM Weekly selection: rare earth market continues to be under pressure and trading has not improved] this week, the domestic rare earth market continued to be in the doldrums, light rare earths and medium and heavy rare earths are all under pressure, prices are down, and trading has not improved yet. Light rare earths, this week praseodymium neodymium oxide demand and transactions are not prosperous, prices still showed a slight decline. In terms of medium and heavy rare earths, products such as terbium, gadolinium and holmium are also under some pressure this week, with prices to varying degrees.
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.

The domestic rare earth market continued to be in the doldrums this week, with light rare earths and medium and heavy rare earths all under pressure, prices falling, and trading has not improved.

Light rare earths, this week praseodymium neodymium oxide demand and transactions are not prosperous, prices still showed a slight decline. Although the quotation of the separation plant is relatively strong, only a small reduction in the quotation to meet the purchase of the actual order, but the willingness of the market circulation is not strong, with the market, the price is on the low side. At present, metal factories are purchasing according to the single rigid demand, even in the wait-and-see mood, there will be delayed procurement behavior, the price is under serious pressure. Praseodymium-neodymium metal faces the same problem, the recent recovery of foreign trade orders for downstream magnetic materials is still not obvious, domestic order problems, in the falling price market on-demand procurement, transaction hesitation. As of Friday, the price of praseodymium-neodymium oxide was 32.6-330000 yuan / ton, down 4500 yuan / ton from last Friday, while the price of praseodymium-neodymium metal was 41.5-421000 yuan / ton, down 3000 yuan / ton from last Friday.

In terms of medium and heavy rare earths, products such as terbium, gadolinium and holmium are also under some pressure this week, with prices falling to varying degrees; the stalemate between upstream and downstream has not changed, and shippers passively lower prices slightly. At present, the operation between separation plants is also different, some enterprises with financial pressure choose to ship goods with the market, while the quotations of some large factories are still strong. The inquiry of magnetic material is weak, the rigid demand of metal factory is purchased, and the market finishing turnover is small. At present, the consumption situation in the lower reaches has not improved, and the holder hesitates to ship the goods. As of Friday, the price of terbium oxide was 4820-4870 yuan / kg, down 30 yuan / kg from last Friday; dysprosium oxide was 1690-1710 yuan / kg, down 10 yuan / kg from last Friday; and gadolinium oxide was 17.2-176000 yuan / ton, down 1000 yuan / ton from last Friday.

The stock before the National Day is not obvious, only praseodymium and neodymium oxide appears slightly, the current price is in the process of building a bottom, it is expected that the price of domestic rare earth products will be weak and stable next week.

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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 (9.21-9.25) 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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