This week (September 18-22), the trend of the rare earth market is basically the same. Except for dysprosium, all other products are weak. Although prices have slightly adjusted, the range is narrow, and there are obvious signs of oxide stabilization. Metals continue to make concessions. Although demand for dysprosium and terbium is weak, transactions and high prices coexist.
Before the Mid Autumn Festival holiday, the market generally predicted that the peak of procurement would arrive this week. Therefore, at the beginning of the week, front-end enterprises were waiting for inquiries, and high levels of praseodymium neodymium oxide and metal consolidation were "looking left and right" on Monday and weak on Tuesday; In the middle of the week, the separation and metal factories were holding onto a stable position, and trading companies were giving up profits to compete. Market transactions were slightly active, but of course, prices were also passively lowered; During the weekend, the market once again weakened, and there was no concession in the upstream and downstream of the praseodymium neodymium deadlock.
This week, the trend of dysprosium and terbium products has shifted from differentiation to unification. Dysprosium oxide has been continuously rising in the purchasing of large enterprises, and the market price has also increased significantly. Terbium products lack a buying and selling market, and some are stabilizing. Additionally, due to the correlation of dysprosium, it is difficult to find goods at low prices. Some industries use "accumulation" to make predictions for terbium products.
As of September 22nd, the quotations for various rare earth products are: 52-52300 yuan/ton of praseodymium neodymium oxide; 638000 to 645000 yuan/ton of metal praseodymium neodymium; Dysprosium oxide 2.65-2.68 million yuan/ton; 2.54 to 2.56 million yuan/ton of dysprosium iron; 8.5-8.6 million yuan/ton of terbium oxide; Metal terbium 107-10.8 million yuan/ton; 295-298000 yuan/ton of gadolinium oxide; Gadolinium iron: 282-287000 yuan/ton; 64-645 thousand yuan/ton of holmium oxide; Holmium iron costs 640000 to 650000 yuan/ton。
Praseodymium and neodymium have gone through nearly two months of repeated testing and rising, and downstream procurement has mostly completed the preparation for procurement during the early month's rise. At present, they may enter a relatively long period of stalemate, until they find a price that meets both demand and the common profits of upstream and downstream, and the price is likely to fluctuate again. From market feedback this week, it can be seen that both waste and raw ore in the separation plant can achieve normal production. In the short term, the supply of praseodymium neodymium oxide will tend to be normal. After a period of adjustment, the production of metal plants is also gradually recovering. However, for too fast an increase or decrease, it may not be the situation that upstream and downstream want to see. Driven by a common goal, the stability of praseodymium neodymium products may be a high probability event.
Although heavy rare earth products are still affected by multiple factors, policies and corporate purchasing performance are the most direct. Although dysprosium products are currently at a high level, there is a high probability of stable growth under some support. However, terbium products are relatively concentrated in demand due to low inventory, and the current risk is not significant. The trend may still be the same as dysprosium.
Post time: Sep-25-2023