Rare earth: Rare earth prices continue to rise, waiting for the traditional peak season to arrive. According to the Asia Metal Network, the price of praseodymium neodymium oxide increased by 1.6% on-week this week, and has continued to rise since July 11th. The current price is up 12% from its lowest point in July. We believe that the expected continued strengthening of domestic stable growth policies is expected to drive a recovery in demand in fields such as automobiles, electronics, and home appliances. Coupled with the arrival of traditional peak seasons and improved exports, rare earth prices are expected to continue to rise against the backdrop of limited supply margin growth. With the smooth transmission of costs, high-end magnetic material enterprises are expected to achieve inventory revaluation and a widening of gross profit.
This week, the mixed yttrium rich europium ore and rare earth carbonate ore were reported at 205000 yuan/ton and 29000 yuan/ton, respectively, with a week on month ratio of unchanged and unchanged; This week, the prices for praseodymium neodymium oxide, terbium oxide, and dysprosium oxide were 482500, 72500, and 2.36 million yuan/ton respectively, with a circumferential ratio of+1.6%,+0.7%, and+0.9%, respectively. The quotation for neodymium iron boron 50H is 272500 yuan/ton, with a week on month ratio of+0.7%.
Post time: Aug-22-2023