Praseodymium rebound and rise high prices will continue

November 30 to December 4, the overall rare earth market maintained a positive trend, in which praseodymium briefly recovered from its peak and then quickly recovered and continued to improve. In addition to dysprosium terbium, other products of heavy rare earth products also showed significant gains.Demand side continues to send force, for a long time will continue to support the rare earth market, and experienced a small shock adjusted after the rise more rational, solid.

As for the feedback from magnetic material enterprises, the current order heat will last through at least this month. Long-term demand support inevitably determines that the trend of rare earth will maintain a strong momentum. Therefore, although there is a high drop last week, it will not collapse, and it will continue to rise in the future.On the other hand, the prices of various products are now at a high level. The excessive inflated quotation and pull up last week seriously hindered the delivery schedule of magnetic material enterprises' orders. Due to the sudden high cost, the high level fell slightly, and the downstream orders also stagnated and transitioned in the bargaining period.After the high adjustment of the trend is bound to reach a consensus point in the upstream and downstream stalemate, although the demand will still rise, but the rise is relatively stable and controllable.

This week, the rise of praseodymium is relatively moderate. After the rapid stabilization, it is accompanied by a small rise and maintains a steady state, creating a healthy operating environment for the upstream and downstream.As the price trend turned from soaring to stable, the terminal and downstream bargaining disputes reached an agreement, the locking of orders and prices reduced the risk, and some orders began to flow back.

The spot circulation shortage of praseodymium metal and some heavy rare earth products still existed even in last week's falling period. After the rebound this week, metal enterprises reported the resumption of purchasing, and the production delivery date was delayed again. At present, the delivery date of most big metal factories for praseodymium metal has been until the late January of next year.Meanwhile, the rare earth market remains seller's market and is not expected to change for at least 12 months due to the absence of sales pressure, relatively high prices offered by major metal producers and more stringent payment terms.

Compared with praseodymium after adjustment, the phenomenon of heavy rare earth pulsating still exists. In addition to magnetic materials such as dysprosium terbium gadolinium holmium, erbium and lutetium products also began to pulsating. However, there was no corresponding price transaction during the pulsating process, and the transaction price increase was always behind the price increase.Heavy Rare earths is still supporting the price of dysprosium, its basic product;Terbium product quotation in the later part of this week again, caused a certain deal chaos;Gadolinium products rose relatively reasonably with praseodymium;Holmium oxide quotation with terbium oxide pull up, and the holmium oxide quotation this week has exceeded 600,000 yuan/ton.

However, while heavy rare earth rally has some components, but some products such as terbium oxide and holmium oxide shortages do exist, the volume of passive upgrade also indicates the direction of supply and demand, but downstream metal and magnetic materials companies are increasingly cautious on this.

As of December 4, the main rare-earth oxide products in the domestic market were quoted as follows: the market quotation for praseodymium oxide (ex-factory tax included, spot exchange) was 440,000 yuan/ton ~ 445,000 yuan/ton;Neodymium oxide market quotation (ex-factory tax included, spot exchange) is 520,000 yuan/ton ~ 525,000 yuan/ton;Dysprosium oxide market quotation (ex-factory including tax, spot exchange) is 1.95 million yuan/ton ~ 1.97 million yuan/ton;Market quotation of terbium oxide (ex-factory tax included, spot exchange) is 6.2 million yuan/ton ~ 6.25 million yuan/ton;Gadolinium oxide market quotation (ex-factory tax included, spot exchange) is 187,000 yuan/ton ~ 190,000 yuan/ton;Holmium oxide market quotation (ex-factory tax included, spot exchange) is RMB 580,000 / ton ~ RMB 590,000 / ton;Erbia market quotation (ex-factory tax, spot exchange) is 170,000 yuan/ton ~ 175,000 yuan/ton.

As of December 4, the quotation of some rare earth metal products in the domestic market is respectively: the market quotation of metal praseodymium (ex-factory tax included, spot exchange) is 550,000 yuan/ton ~ 555,000 yuan/ton;Neodymium metal market quotation (ex-factory tax included, spot exchange) is 630,000 yuan/ton ~ 635,000 yuan/ton;Dysprosium iron & iron market quotation (ex-factory including tax, spot exchange) is 1.94 million yuan/ton ~ 1.96 million yuan/ton;Metal terbium market quotation (ex-factory tax, spot exchange) is 7.85 million yuan/ton ~ 7.9 million yuan/ton;Gadolinium iron market quotation (ex-factory tax included, spot exchange) is 187,000 yuan/ton ~ 190,000 yuan/ton;Holmium iron market quotation (ex-factory tax included, spot exchange) is 590,000 yuan/ton ~ 600,000 yuan/ton.

Follow-up prediction: it is still the same as last week's judgment, that is, the subsequent trend of praseodymium products is mainly stable, and the purchase accompanied by continuous orders appeared several small rises in the process, which lasted for a long time.

There are many rumors about heavy rare earths, whose authenticity remains to be investigated.At present, the prices of all heavy rare earth products have been at historical highs. Due to the demand of heavy rare earth manufacturers and the support of magnetic materials market, dysprosium, gadolinium and other products will not be lowered in the short term and are expected to remain stable.Terbium, holmium products are relatively stronger, and the pull effect is not rational but still inevitable, the subsequent rise is relatively more significant.The rise of Erbium lutetium product has a certain dependence on the good news, which is at a high level at present, and the subsequent trend is suggested to be cautious.