This week (8.7-8.11, the same below), although the overall transaction volume of the rare earth market was lower than expected, the trend was relatively stable, with the main varieties tightening in spot prices and a certain degree of reluctance to sell, driving up the tradable spot prices. Some separations and the replenishment delivery prices of metal factories supported the market with weak demand and to some extent stabilized the upward trend of mainstream product prices.
At the beginning of the week, the market started with a stable start, with industry quotes being relatively low, mostly on the sidelines, and a small number of available prices to test strength. As a small amount of transaction prices rose, the low price of praseodymium and neodymium began to tighten and the quotation moved up simultaneously. In the middle of the week, the market inquiry enthusiasm increased, and the willingness of upstream concessions was low, leading to chasing up the quotation and a small amount of transactions. As praseodymium and neodymium oxide once again tested 480000 yuan/ton, the active quotation slightly increased, and the transaction price of oxide showed a narrow margin of yield,. This week, the tightening of spot orders at metal factories has led to a continuous decrease in willingness to accept bulk orders. High levels of oxides also appear to be cautious in purchasing raw materials. Except for a small number of newly purchased bulk orders, downstream performance has been lackluster.
This week, the oxide of praseodymium neodymium and dysprosium remained stable and upward, with news pulling. The tight spot supply of erbium and holmium caused prices to rise synchronously. However, at the same time, with demand difficult to boost, the transaction after the surge did not meet expectations, making the wait-and-see situation increasingly apparent.
From the upward trend of stable and volatile oxides this week, it can be seen that separation companies are reluctant to sell at a stable price despite high ore prices and strong waste. However, trading companies have slowly changed their mindset during the week – profit taking has increased.
As of August 11th, the quotation for some rare earth products is between 0.45 million yuan/ton of lanthanum oxide; Cerium oxide: 42-4600 yuan/ton; Praseodymium neodymium oxide is 475-478 thousand yuan/ton, with a weekly increase of 1.65%; Praseodymium oxide 49-495 thousand yuan/ton, neodymium oxide 49-495 thousand yuan/ton; 585000 to 59000 yuan/ton of metal praseodymium neodymium,; 2.33-2.35 million yuan/ton of dysprosium oxide; 717-7.25 million yuan/ton of terbium oxide; 223-22.5 million yuan/ton of dysprosium iron; Metal terbium 915-9.35 million yuan/ton; Gadolinium oxide: 268-273000 yuan/ton; 253-25800 yuan/ton of gadolinium iron; 55-560000 yuan/ton of holmium oxide; Erbium oxide is 27000-275000 yuan/ton.