Tea has only two postures - sinking or floating; Tea drinkers only have two actions - picking up or putting down, rare earth market or many different postures and actions, and holding steady. Looking at the tea leaves floating in the cup, thinking of this week's (July 24th -28th) rare earth market's ups and downs to a stable market, it's like a cup of soaked tea - turning from strong to weak.
At the beginning of the week, the market was active with inquiries, and prices rose, like freshly brewed tea - the tea soup gradually thickened. Rare earth varieties represented by praseodymium and neodymium, with quotes and transaction prices flying at the same time, the confidence of holding companies is booming, and chasing higher quotes coexists with expected shipments. However, as the price of metal praseodymium and neodymium increases, the industry's mentality begins to crack, and there is a slight phenomenon of running away. After two cups of tea, the tea soup weakens, and the price of praseodymium and neodymium begins to slightly yield. After the quotation increases from 475000 yuan/ton to 470000 yuan/ton to 460000 yuan/ton, the price starts to stabilize to 465000 yuan/ton. The trend of dysprosium products this week is similar to that of praseodymium neodymium, with upward fluctuations and then upward fluctuations, but the performance is also more subtle; Taking Dysprosium(III) oxide as a representative, first of all, after the high price hit 2.35 million yuan/ton at the beginning of the week, with the withdrawal of support, the customs clearance of imported ore was normal, and the price began to fall back; Secondly, in the middle of the week, even if there is a price correction and few inquiries, there is still less room for low-priced goods; Finally, at the end of the week, all kinds of news were full, inquiries and goods were active, and the price of Dysprosium(III) oxide returned to the beginning of the week.
As of July 28th, the main rare earth products are priced at 465000 to 47000 yuan/ton of praseodymium neodymium oxide; Metal praseodymium neodymium 55-572 thousand yuan/ton; Dysprosium(III) oxide: 2.30-232 million yuan/ton; Dysprosium iron 2.18-2.2 million yuan/ton; 7.15-7.2 million yuan/ton of terbium oxide; Metal terbium 9.1-9.2 million yuan/ton; Gadolinium(III) oxide: 2.6-263 million yuan/ton; 245-25000 yuan/ton of gadolinium iron; Holmium(III) oxide: 54-550000 yuan/ton; Holmium iron costs 55-560000 yuan/ton.
The points worth taking a look at this week are: 1. The appropriate purchase of praseodymium neodymium oxide by leading enterprises to some extent supports the stability of praseodymium neodymium. 2. Scrap separation companies seek bargains to restock, while scrap trading companies make small concessions. Oxide prices may have little incentive to recover under cost support. 3. Low level bulk inventory is not high, and metal factories deliver goods through long-term contracts, making it difficult for bulk orders to proactively lower prices. Although there are temporary differences in the trend of dysprosium and terbium, the market is generally low in circulation and there are few low-priced bulk commodities. In addition, during the rainy season in Myanmar, mineral production has decreased, and the resilience of dysprosium and terbium may still exist.
Indeed, demand remains sluggish, with frequent fluctuations in the prices of major rare earth varieties. The attitude of large praseodymium neodymium manufacturers remains unchanged. Next week, the northern listing is imminent, and the price range of praseodymium neodymium may fluctuate narrowly within the current price range. Dysprosium may continue to remain stable amidst the complexity of various news sources.
Post time: Jul-31-2023