The Light Rare Earth Market were More Active, and the Demand for Retail Procurement Increased after the Holiday [SMM Daily Review]

Published: May 6, 2022 15:47

Source: SMM

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The mainstream transaction prices in the praseodymium neodymium oxide market today rose only slightly to 865,000-865,000 yuan/mt, and the mainstream transaction prices in the praseodymium neodymium alloy market rose to 1.05-1.06 million yuan/mt. The pandemic situation in the Yangtze River Delta and the Pearl River Delta has gradually eased, and the new energy supply has gradually recovered.

SHANGHAI, May 6 (SMM) - The mainstream prices of light rare earth products rose only slightly and the prices of some middle and heavy rare earth products remained flat. The market inqury was improved compared with yesterday.

The mainstream transaction prices of praseodymium neodymium oxide market increased slightly to 865,000 yuan/mt today, and the mainstream transaction prices of praseodymium neodymium alloy market increased to 1.05-1.06 million yuan/mt. The mainstream transaction prices of dysprosium oxide rose slightly to 2.59-2.61 million yuan/mt today, the mainstream quotation of dysprosium metal stabilized at 3.45-3.5 million yuan/mt, and the mainstream transaction prices of DyFe rose to 2.59-2.61 million yuan/mt today. The mainstream transaction prices of terbium oxide rose to 14.4-14.5 million yuan/mt today, and the mainstream transaction prices of terbium metal rose to 17.9-18.3 million yuan/mt today. The mainstream transaction prices of gadolinium oxide stabilized at 430,000-440,000 yuan/mt, and the mainstream transaction prices of GdFe stabilized at 440,000-450,000 yuan/mt, and a small amount traded at 430,000 yuan/mt. After the holiday, the pandemic situation in the Yangtze River Delta and the Pearl River Delta has gradually eased, and the new energy supply has gradually recovered.

Today's market inquiry of praseodymium neodymium products has increased as the demand for small batch procurement of some metal production enterprises increased yesterday.

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