Strong demand for rare earths prices have risen steadily

From December 21 to December 25, the overall market price trend of rare earth products rose steadily. In addition to mainstream products such as dysprosium terbium, praseodymium and neodymium, the market trend of other heavy rare earth products also performed well. In terms of differences, the rise of dymium is slowing down and entering a bottleneck period. Terbium products continue to rise, driving the replacement dysprosium. Dysprosium terbium has little difference in cost performance, and terbium products have not significantly restrained the rise based on the imbalance of their inventories.

December 21 ~ on December 25, support is still in the rare earth industry demand, combined with praseodymium neodymium products into the ideal state of steady, enquiry continues to recover, the downstream procurement at the same time, the rare earth industry upstream has yet to give up to pull up, tentative raised ex-factory price is more frequent in the week, but it is general, based on win-win situation of upstream and downstream of the pursuit and leading enterprises pricing, praseodymium neodymium products or has reached the ceiling.

Terbium oxide market price after a short period of stability, continue to pull up, based on the future policy positive expectations of support, upstream reluctance to sell strong, the intention to prepare goods downstream warming, some enterprises feedback once more than just the amount of purchase, then its price is generally higher than the immediate transaction price.

From December 21 to December 25, the transaction price of terbium oxide exceeded 7 million yuan/ton, reaching as high as 7.1 million yuan/ton. During the week, terbium oxide increased by 300,000 yuan/ton, while dysprosium products remained stable at the beginning of this week. The price of dysprosium terbium has led to a performance-to-price imbalance between the two, with some magnetic materials companies adjusting their formulations and an increase in inquiries and purchases of dysprosium products, which in turn has led to higher prices and trading volumes for dysprosium oxide. At the same time, dysprosium products inventory is relatively surplus, replacing dysprosium oxide at the initial stage of growth is not significant, while terbium products have not seen a significant slowdown in growth.

As of December 25, 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 402,000 yuan/ton ~ 405,000 yuan/ton;Neodymium oxide market quotation (ex-factory tax included, spot exchange) is 495,000 yuan/ton ~ 500,000 yuan/ton;Dysprosium oxide market quotation (ex-factory including tax, spot exchange) is 1.92 million yuan/ton ~ 1.94 million yuan/ton;Terbium oxide market quotation (ex-factory tax, spot exchange) is 6.9 million yuan/ton ~7 million yuan/ton;Gadolinium oxide market quotation (ex-factory tax included, spot exchange) is 175,000 yuan/ton ~ 178,000 yuan/ton;Holmium oxide market quotation (ex-factory tax included, spot exchange) is 595,000 yuan/ton ~ 600,000 yuan/ton;Erbia market quotation (ex-factory tax, spot exchange) is 175,000 yuan/ton ~ 180,000 yuan/ton;Yttrium oxide market quotation (ex-factory tax included, spot exchange) is 22,000 yuan/ton ~ 23,000 yuan/ton;The market price of lutetium oxide (ex-factory tax, cash exchange) is 5.2 million yuan/ton ~ 5.25 million yuan/ton.

As of December 25, the domestic market quotation of some rare earth metal products is: the market quotation of metal praseodymium (ex-factory tax included, spot exchange) is 500,000 yuan/ton ~ 505,000 yuan/ton;Neodymium metal market quotation (ex-factory tax included, spot exchange) is 600,000 yuan/ton ~ 605,000 yuan/ton;Dysprosium iron and iron market quotation (ex-factory tax included, spot exchange) is 1.91 million yuan/ton ~ 1.93 million yuan/ton;Metal terbium market quotation (ex-factory tax, spot exchange) is 8.85 million yuan/ton ~ 8.9 million yuan/ton;Gadolinium iron market quotation (ex-factory tax included, spot exchange) is 175,000 yuan/ton ~ 178,000 yuan/ton;Holmium iron market quotation (ex-factory tax included, spot exchange) is 605,000 yuan/ton ~ 610,000 yuan/ton.

Ruidao metal network analysts predict that the end of 2020, the recent rare earth market is not much objection, next week the probability of trend change is not large, all series of products will end high.

The analyst said that at present, although the market price of praseodymium products is in a bottleneck period, but there is still a greater possibility of upward breakthrough, it is worth noting that after a long adjustment, its demand expansion rate began to be stable, the subsequent room for increase is more limited. At the same time, the number of locks is basically completed in the downstream, and demand support will still exist in the early next year.

The upturn in terbium is a result of supply and demand support, but it has somewhat outstripped supply and demand, making it difficult to determine the final outcome of the positive part of the forecast, which is complicated by persistently high prices.At present, the industry of terbium oxide general expected value in 8 million yuan/ton, at present, there is still a long time from cash operating space, is still less than a sensitive period, the subsequent rise regardless of reasonable or not, is still inevitable.Dysprosium's vast inventory and concentration have led to several price swings at high levels, making it far more difficult to manipulate than terbium, but there is little prospect of a near-term decline.