Rare Earth Weekly Review from September 11th to September 15th

This week (September 11-15), the trend of the rare earth market in terms of light and heavy metals has changed from neat and uniform to different. Although there is still some upward exploration, there has been a lack of momentum, and there has been a lack of positive news, resulting in a stalemate in buying and selling. The overall feeling is slightly weak. However, despite this, the foundation for future market trends may still be there, and the industry still has expectations for long-term futures.

At the beginning of the week, mainstream rare earth products continued to rise, with low and active inquiries for praseodymium neodymium oxide, leading to a relatively tight spot market circulation. From upstream to midstream, prices continued to rise, with confidence in price increases and expectations for better demand, leading to a high industry mentality. However, at the same time, although various enterprises and factories have stated that relying solely on expectations and reversing the upcoming demand advantage, the current prices will not last long, Even downstream hope that prices will remain stable. In recent years, there have been inevitable speculative rallies and price hikes, and at the same time, more than two months of rallies have intensified rational fear of high prices.

In the middle of the week, the rare earth market, represented by praseodymium and neodymium, began to show signs of weakness. Downstream procurement was resistant to inflated quotes, and based on too many ups and downs, it was difficult for bulk cargo and traders to receive goods at high prices. The transmission of prices from bottom to top caused confidence to waver. Subsequently, profit yielding shipments reappeared, and metal praseodymium and neodymium transaction prices also began to yield profits. The overall market hesitated in the weakening and reversal, waiting for the escort of large enterprises. The unexpected arrival of escort, the active presence of heavy rare earth dysprosium, and the silence of imported mines have given heavy rare earth more support, leading to slight differences in the trend of light and heavy metals.

As of September 15th, the quotation for some rare earth products is 523000 to 526000 yuan/ton of praseodymium neodymium oxide; Neodymium oxide 53-535 thousand yuan/ton; Dysprosium oxide 2.6-2.62 million yuan/ton; 8.5-8.6 million yuan/ton of terbium oxide; Gadolinium oxide: 310-315000 yuan/ton; 66-670000 yuan/ton of holmium oxide; Erbium oxide costs 325000 to 33000 yuan/ton. Metal praseodymium neodymium 645000 yuan/ton; Dysprosium iron 2.5 to 2.53 million yuan/ton; Metal terbium 10.6-10.7 million yuan/ton; 290000 to 295000 yuan/ton of gadolinium iron; Holmium iron 67-675 thousand yuan/ton。

Long term rise is inevitable, while most troughs rise and peaks decline, and the trend of rare earth elements often continues this normal. This week's trend has remained generally stable, coupled with various mixed news, the exhausted prices have temporarily stabilized. Although supply and demand factors still rank first, industry considerations have always been guided by the attitude of leading enterprises. At present, although praseodymium and neodymium are slightly weak, they are still relatively stable compared to before, but the fluctuation space has narrowed this week. In addition, based on the influence of group guidance, the second half of the instruction plan is about to come. In the current complex international environment and world pattern, the trend of rare earth is no longer entirely dependent on market manipulation, and temporary rationality is still difficult to block expectations in the medium and long term. This is true for heavy rare earth, and also for light rare earth.


Post time: Sep-15-2023