This week: (10.7-10.13)
（1） Weekly Review
The scrap market has been operating steadily this week. Currently, scrap manufacturers have abundant inventory and overall purchasing desire is not high. Trading companies have high inventory prices in the early stage, with most costs remaining above 500000 yuan/ton. Their willingness to sell at a low price is average. They are waiting for the market to become clear, and are currently reporting scrap praseodymium neodymium at around 510 yuan/kg.
The rare earth market saw a significant increase at the beginning of the week, followed by a rational pullback. Currently, the market is in a stalemate, and the transaction situation is not ideal. From the demand side, there has been an increase in construction, and demand has improved. However, the quantity of spot purchases is average, but the current quotation is still strong, and the overall market support is still acceptable; On the supply side, the indicators are expected to increase in the second half of the year, leading to an expected increase in supply. It is expected that the rare earth market will experience slight fluctuations in the short term. At present, praseodymium neodymium oxide is quoted at around 528000 yuan/ton, and praseodymium neodymium metal is quoted at around 650000 yuan/ton.
In terms of medium and heavy rare earths, since the return to the market after the holiday, the prices of dysprosium and terbium have risen at one point, and the return was stable in the middle of the week. Currently, there is still some support in the market news, and there is little expectation of a decline in dysprosium and terbium. Holmium and gadolinium products are weakly adjusted, and there are not many active market quotations. It is expected that the short-term stable and volatile operation will be the main trend. At present, the main heavy rare earth prices are: 2.68-2.71 million yuan/ton for dysprosium oxide and 2.6-2.63 million yuan/ton for dysprosium iron; 840-8.5 million yuan/ton of terbium oxide, 10.4-10.7 million yuan/ton of metallic terbium; 63-640000 yuan/ton of holmium oxide and 65-665000 yuan/ton of holmium iron; Gadolinium oxide is 295000 to 300000 yuan/ton, and gadolinium iron is 285000 to 290000 yuan/ton.
（2） Aftermarket analysis
Overall, the current import of Myanmar mines has been unstable and the quantity has decreased, resulting in limited market growth; In addition, there is not much bulk cargo circulation in the spot market, and downstream demand has also improved. In the short term, the market still has a certain support point, with the market mainly maintaining stability and fluctuating operation.
Post time: Oct-16-2023