At the beginning of the week, the rare earth alloy market was mainly stable and wait-and-see. Today, the mainstream quotation for rare earth silicon 30 # one-step method is 8000-8500 yuan/ton, the mainstream quotation for 30 # two-step method is 12800-13200 yuan/ton, and the mainstream quotation for 23 # two-step method is stable and 10500-11000 yuan/ton; The mainstream quotation of rare earth magnesium for 3-8 has decreased by 100 yuan/ton from 8500 to 9800, while the mainstream quotation for 5-8 has decreased by 350 yuan/ton from 8800 to 10000 (cash and tax included).
The silicon iron market is operating in a stalemate. On the one hand, the expected reduction in electricity prices in July falls short, with support for silicon iron costs and relatively tight spot production from manufacturers. On the other hand, silicon iron has resumed production and new production capacity will be put into production. In addition, under the control policies of steel mills, silicon iron shows a state of insufficient upward momentum but limited downward space, requiring new news stimulation. The quotation for the ferrosilicon factory is 72 # 6700-6800 yuan, and 75 # 7200-7300 yuan/ton for cash natural blocks to be shipped out.
The high market price of magnesium ingots has loosened, with magnesium factories offering prices ranging from 21700 to 21800 yuan in the morning. Market transactions have slightly decreased to 21600 to 21700 yuan, and there are also lower prices in trading regions. Recently, downstream enterprises have mainly inquired about prices through inquiries, and the entry of new orders in the export market has been slow. Market trading has decreased compared to last week, waiting for the next wave of demand to enter the market.
The cost pressure on rare earth alloys is tentative, and manufacturers have stated that they will not adjust prices temporarily. The main reason is that demand issues have not been released. The demand for inquiries and transactions in the downstream market is cold, and the contradiction between supply and demand in the market is prominent. The current market demand is in a weak state, coupled with the normalization of environmental protection and the off-season issues of casting. Downstream manufacturers have low purchasing enthusiasm, and except for fixed procurement, there has been no change in the shipments of small and large factories. It is expected that the rare earth alloy market is likely to operate steadily in the short term.
Post time: Aug-15-2023