“Rare earth product prices fluctuated and declined in December. As the end of the year approaches, the overall market demand is weak, and the transaction atmosphere is cold. Only a few traders have voluntarily lowered prices to monetize. At present, some manufacturers are carrying out equipment maintenance, resulting in a decline in production. Although the upstream quotation is firm, there is a lack of transaction support, and manufacturers have a lower willingness to ship. Downstream enterprises are greatly affected by product price fluctuations, resulting in fewer new orders. For the future market, businesses should be cautious and cautious, as rare earth prices may continue to show a weak trend.”
01
Overview of Rare Earth Spot Market
In December, rare earth prices continued the weak trend of the previous month and slowly declined. The prices of mineral products have slightly decreased, and the willingness to ship is not strong. A small number of separated enterprises have suspended their quotations. The procurement of rare earth waste is relatively difficult, with limited inventory and high costs from holders. Rare earth prices continue to decline, and waste prices have been inverted for a long time. Merchants have stated that they still need to wait and see until prices stabilize before making arrangements.
Although the prices of metal products have entered a stage of adjustment, the trading volume is still lower than expected, the popularity of praseodymium neodymium has significantly decreased, and the difficulty of spot trading and sales has increased. Some traders are seeking low procurement, but shipping is faster.
In 2023, there will be insufficient demand throughout the year. The prices of raw materials and auxiliary materials in magnetic material enterprises have been lowered, resulting in a significant decrease in production costs compared to the same period in 2022. The price of magnetic materials is severely affected by internal competition, and magnetic material enterprises are responding to the uncertain market by accepting orders at a low profit margin. Merchants are still not optimistic about the future market, although there are restocking before the holiday, prices continue to decline.
02
The price trend of mainstream products
The price changes of mainstream rare earth products in December 2023 are shown in the above figure. The price of praseodymium neodymium oxide decreased from 474800 yuan/ton to 451800 yuan/ton, with a price drop of 23000 yuan/ton; The price of praseodymium neodymium metal decreased from 585800 yuan/ton to 547600 yuan/ton, with a price drop of 38200 yuan/ton; The price of dysprosium oxide has dropped from 2.6963 million yuan/ton to 2.5988 million yuan/ton, with a price drop of 97500 yuan/ton; The price of dysprosium iron decreased from 2.5888 million yuan/ton to 2.4825 million yuan/ton, a decrease of 106300 yuan/ton; The price of terbium oxide decreased from 8.05 million yuan/ton to 7.7688 million yuan/ton, a decrease of 281200 yuan/ton; The price of cdecreased from 485000 yuan/ton to 460000 yuan/ton, a decrease of 25000 yuan/ton; The price of 99.99% high-purity gadolinium oxide decreased from 243800 yuan/ton to 220000 yuan/ton, a decrease of 23800 yuan/ton; The price of 99.5% ordinary gadolinium oxide decreased from 223300 yuan/ton to 202800 yuan/ton, a decrease of 20500 yuan/ton; The price of gadolinium iron decreased from 218600 yuan/ton to 193800 yuan/ton, a decrease of 24800 yuan/ton; The price of erbium oxide has dropped from 285000 yuan/ton to 274100 yuan/ton, a decrease of 10900 yuan/ton.
Post time: Jan-03-2024