This week: (11.20-11.24)
（1） Weekly Review
The rare earth waste market is generally in a stable state, with limited supply of low-priced goods and cold trading conditions. The enthusiasm for inquiry is not high, and the main focus is on purchasing at low prices. The overall transaction volume is lower than expected, and the waste praseodymium neodymium is currently reported at around 470-480 yuan/kg.
The rare earth market continued to be weak at the beginning of the week, and in the middle and later stages, the market began to show a significant improvement with the concentrated procurement of praseodymium neodymium, dysprosium terbium, and other products by large enterprises. However, the praseodymium neodymium market did not improve due to this positive news and is still operating lukewarm. Downstream magnetic material orders have not improved, making it difficult to drive prices up. The trading volume of the praseodymium neodymium market this week is not clear, and it is expected to remain stable in the short term, At present, praseodymium neodymium oxide is priced at around 495000 to 500000 yuan/ton, and praseodymium neodymium metal is priced at around 615000 yuan/ton.
In terms of medium and heavy rare earths, the dysprosium terbium market has made a rapid progress this week, with a significant increase. Market inquiries have been active, and low-priced supply has gradually tightened. Many enterprises are optimistic about their future expectations, and there is still room for upward growth in the short-term market. Currently, the main heavy rare earth prices are: dysprosium oxide 2.62-2.64 million yuan/ton, dysprosium iron 2.51-2.53 million yuan/ton; 7.67-7.75 million yuan/ton of terbium oxide, 9.5-9.6 million yuan/ton of metallic terbium; Holmium oxide costs 510000 to 520000 yuan/ton, and holmium iron costs 520000 to 530000 yuan/ton; Gadolinium oxide costs 245000 to 250000 yuan/ton, and gadolinium iron costs 245000 to 245000 yuan/ton.
（2） Future analysis
This week, due to the support of large enterprises, the long falling rare earth market has finally taken a turn for the better. Although the market has improved, the sustained increase still needs to be considered from multiple aspects. Currently, the market supply and demand are still in a game, and in the short term, it may remain stable with a strong adjustment. In the long run, caution is still needed.
Post time: Nov-27-2023