"The market remained basically stable in September, and downstream enterprise orders improved compared to August. The Mid Autumn Festival and National Day are approaching, and neodymium iron boron enterprises are actively stocking up. Market inquiries have increased, and the trading atmosphere is relatively active. Rare earth prices are firm. After September 20th, the number of inquiries decreased. As of the publication date, the quotation forPraseodymium neodymium oxide is about 518000 yuan/ton, and the quotation for Praseodymium neodymium metal/Pr-Nd metal is about 633000 yuan/ton.
Affected by the reduction of imported raw materials, the price of Dysprosium oxide has been rising all the way. However, import data in recent months indicate that the actual reduction is limited. At the same time, the neodymium iron boron dysprosium infiltration technology is gradually maturing, and the amount of dysprosium and terbium is decreasing. The future prices of dysprosium and terbium products are waiting to be seen. The amount of metal cerium in neodymium iron boron is constantly increasing, and the price of low-carbon metal cerium is expected to further increase in the future."
With the continuous improvement of the domestic economy, the production of 3C products and new energy vehicles is expected to continue to rise. It is expected that the prices of rare earth products will continue to operate steadily in the fourth quarter, and there is a high possibility of fluctuations between communities.
Main Product Price Statistics
This month, the prices of oxides of commonly used rare earth elements such as praseodymium neodymium, dysprosium, terbium, erbium, holmium, and gadolinium have all increased. Apart from an increase in demand, a decrease in supply is the main reason for price increases. Praseodymium neodymium oxide increased from 500000 yuan/ton at the beginning of the month to 520000 yuan/ton, dysprosium oxide increased from 2.49 million yuan/ton to 2.68 million yuan/ton, terbium oxide increased from 8.08 million yuan/ton to 8.54 million yuan/ton, erbium oxide increased from 287000 yuan/ton to 310000 yuan/ton, holmium oxide increased from 620000 yuan/ton to 635000 yuan/ton, gadolinium oxide increased from 317000 yuan/ton at the beginning of the month to the highest 334000 yuan/ton before falling back. The current quotation is 320000 yuan/ton.
Terminal industry situation
Observing the above data, the production of smartphones, new energy vehicles, service robots, computers, and elevators increased in August, while the production of air conditioners and industrial robots decreased.
Analyze the monthly changes in the production of terminal products and the price of Praseodymium neodymium metal/Pr-Nd metal , and the production of service robots is highly consistent with the price trend of metal praseodymium and neodymium. Smartphones, new energy vehicles, computers, and elevators are less correlated with changes in the price of metal praseodymium and neodymium. It is worth noting that August saw the largest increase in service robots, with a growth rate of 21.52
Import and export data and country classification
In August, China's imports of rare earth metal minerals, unspecified rare earth oxides, mixed rare earth chlorides, other rare earth chlorides, other rare earth fluorides, mixed rare earth carbonates, and unnamed rare earth metals and their mixtures decreased by a total of 2073164 kilograms. The compounds of unnamed rare earth metals and their mixtures showed the greatest reduction.
Post time: Oct-09-2023