This week (11.20-24, the same below), the overall trend of the rare earth market has diverged. The trend of light rare earth praseodymium neodymium is weak but stable, while heavy rare earth dysprosium terbium has surged in trading, with prices rising again. The trading situation of light and heavy rare earths this week has increased compared to last week, and the trend may remain stable or rise to some extent, which has activated the market atmosphere. However, it has also made downstream procurement more cautious and cautious. In addition, downstream analysis from their own orders and cost forecasts is weakening, resulting in a price reduction and wait-and-see attitude.
Praseodymium neodymium products have generally been weak to stable this week. At the beginning of the week, under various guidance from the news, the market opened and saw a slight correction. Upstream separation plants also made slight adjustments, with a more positive shipping attitude and low prices flooding the market. In the middle of the week, leading enterprises showed a price support attitude, but downstream procurement still showed weakness, resulting in praseodymium neodymium still operating weakly. The funds and attitudes of enterprises affect the market mentality. Over the weekend, large enterprises maintained a stable price attitude and procurement intensity, Starting to correct extremely low prices, the trend towards stability is showing signs. In addition, Xiaotu believes that continuous stability can not only restore downstream purchasing power, but also promote the recovery of the industry’s inner state.
The news about heavy rare earth products has been frequent this week, and the buying actions of large factories have attracted particular attention. As a result, heavy rare earth products have once again risen from a weak position, and trading activity has further increased. According to market feedback, the willingness of separation plants to ship is not strong, and trading enterprises have a strong upward mentality, with a more rapid increase in the price of dysprosium and terbium in the later period.
Gadolinium products have seen a significant pullback due to the trend of praseodymium neodymium, with purchasing prices fluctuating. However, holmium products have not been affected by the rise of heavy rare earths and remain lukewarm.
As of November 24th, some rare earth products have quoted prices ranging from 493000 to 497000 yuan/ton for praseodymium neodymium oxide, with a focus on transactions ranging from 493000 to 495000 yuan/ton; Metal praseodymium neodymium is priced between 602000 and 605000 yuan/ton, with a trading focus of around 602000 yuan/ton, and spot prices are tightening; Dysprosium oxide is around 2.62-2.65 million yuan/ton, with a transaction focus of around 2.62-2.63 million yuan/ton; Dysprosium iron costs 2.53 to 2.55 million yuan/ton, with a transaction focus of around 2.5 million yuan/ton; Terbium oxide costs 7.7-7.8 million yuan/ton, with some transactions reaching 7.8 million yuan/ton; Metal terbium is priced at 9.45-9.6 million yuan/ton, with a central focus on transactions. Gadolinium oxide is priced between 242000 and 245000 yuan/ton, with transactions near the mainstream low level; Gadolinium iron is priced at 235000 to 235000 yuan/ton, with mainstream transactions at a lower level; Holmium oxide costs 510000 to 520000 yuan/ton, with transactions near a low level; Holmium iron is priced at 520000 to 530000 yuan/ton, with a low transaction volume.
This week’s market news is still mainly focused on heavy rare earths. As 2023 approaches its end, the performance pressure on large enterprises continues to increase, and favorable expectations of price increases may become more frequent. The group’s stable demand for the market has also become more rigid. Although praseodymium neodymium products are also boosted by large enterprises, in the end, they still need to return to supply and demand. However, in the short to medium term, there is still a shortage of praseodymium neodymium products, especially praseodymium neodymium metal in stock. The metal sector is inverted and there is still a high level of oxide inventory that urgently needs to be matched. There is a demand for metal enterprises to increase their shipments. In addition, the large factories of light and heavy rare earth groups have more collaborative cooperation than before, and the upstream bidding has changed. Praseodymium neodymium may adjust spontaneously in the industry when it approaches the boundary, but at the same time, the supply and demand environment is still the main factor considered by the market. The price of dysprosium and terbium is at the second highest level this year, and although there is room for further improvement, there is also a relative fear of high prices coexisting. The group maintains a stable and upward trend, leading to a tightening of loose cargo in the market. Although there is still fear of high prices, there is also a possibility in the industry that they are unwilling to give up the subsequent upward space and choose to sell. At present, dysprosium and terbium products have entered a relatively stable stage on the eve of expectations. The relatively concentrated inventory has built a reliable and reliable foundation. In the future, the group will be more directly affected by dysprosium and terbium. Similarly, the impact of the supply and demand of dysprosium and terbium will also be difficult to shake the price trend in the short term.