The Negotiation in the Market was Active and the Rare Earth Prices Remained Upward

Published: May 10, 2022 17:36

Source: SMM

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The mainstream transaction prices in the praseodymium-neodymium oxide market today rose to 880,000-890,000 yuan/mt, and the mainstream transaction prices in the praseodymium-neodymium alloy market rose to 1.08-1.10 million yuan/mt. The negotiation in the market was active and the prices of praseodymium neodymium products rose sharply, so the industry was mainly in cautious mood. As a result, expect for the long-term orders, the transactions were poor.

SHANGHAI, May 10 (SMM) - Today, the transaction prices of mainstream rare earth products rose while the inventory of separation plants was limited, so the supply of praseodymium-neodymium oxide was tight. The holders tended to ship with high price, and the negotiation was active. However, expect for long-term orders, the spot transactions were still made as needed.

The mainstream transaction prices of praseodymium-neodymium oxide market increased to 880,000-890,000 yuan/mt today, and the mainstream transaction prices of praseodymium-neodymium alloy market increased to 1.08-1.10 million yuan/mt. The mainstream transaction prices of dysprosium oxide stabilized at 2.61-2.63 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 stood at 2.61-2.63 million yuan/mt today. The mainstream transaction prices of terbium oxide was 14.5-14.6 million yuan/mt today, and the mainstream transaction prices of terbium metal was 18.4-18.5 million yuan/mt today. The mainstream transaction prices of gadolinium oxide rose to 470,000-480,000 yuan/mt, and the mainstream transaction prices of GdFe rose to 450,000-470,000 yuan/mt.

Today, the prices of mainstream rare earth products continued to rise and the negotiation was good. The industry was bullish while the procurement was cautious, so the spot transactions were limited.

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