The fluctuation of rare earth market price narrowed, and expectation and caution coexisted

This week (August 9 ~ August 13, the same below), the transaction price and volume of rare earth market are poor, the trend is relatively weak, and the fluctuation has narrowed. The market price trend of praseodymium and neodymium products is weak, which is mainly reflected in the slight fluctuation in the first half of the week and the low price transactions in the later period; Dysprosium and terbium products also increased in price concessions this week, especially dysprosium oxide; The market price of holmium products showed a correction this week; From the perspective of the overall market trend, the price of rare earth products callback and the trend is weak due to the lack of strong demand support.

Since August, the phased replenishment of magnetic materials has been completed. Although the production cycle of some orders continues and the price increase has been put on the agenda, on the whole, most downstream of the rare earth industry think that the current procurement time is inappropriate. After all, the current price is still high. Myanmar's mines are difficult to enter in the short term, and environmental protection has been put in place with the slowdown of the epidemic. The power shortage has not been alleviated, and the tightening of the supply side remains unchanged. At present, the spot shortage of rare earth separation plants also makes enterprises in the rare earth industry still have power to maintain stability. Although the market price regulation of praseodymium and neodymium products is in the game state, the rare earth separation and metal plants are still cautious in the continuous submission of documents. In the market, it is difficult to find the spot for low price inquiry and high price transaction. The stalemate between the upstream and downstream enterprises of praseodymium and neodymium may continue. Dysprosium and terbium products showed a cold performance just this week, and the price was at a high level. Relevant enterprises were more cautious in procurement, and the inventory of dysprosium oxide was high, which led to an increase in the price correction of dysprosium products.

In this regard, analysts expect that in the downstream, some magnetic material enterprises adopt the lowest proportion of long-term cooperative procurement, the inventory rate is generally maintained near the rigid demand line, some enterprises wait for downstream order locking procurement, and a small number of magnetic material enterprises stop production and wait for price. At present, the market price of rare earth mainstream products has little room for decline, but there is still a lack of purchasing power in the short term. Due to the prominent pressure of oxide cost, even the quotation of traders and waste enterprises is difficult to promote the possibility of significant reduction in the market price of rare earth oxide, so it is unlikely that praseodymium and neodymium will reverse in the next week; The market price of heavy rare earth dysprosium terbium products has a high probability or may still be slightly reduced. After all, traders are easy to cash out under the judgment of various news. From the motivation of large enterprises, they still tend to maintain stability, and the expectation and caution of all market participants coexist.