Home / Metal News / Rare Earth / The Negotiation in the Market was Active and the Rare Earth Prices Remained Upward
The Negotiation in the Market was Active and the Rare Earth Prices Remained Upward
May 10, 2022 17:36CST
Source:SMM
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.

Market

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