REE Rare Earth Market Briefing, Week 38, No. 201936
1. Briefing of Important News
This week, price of DyFe declined a little, PrNd and Tb kept stable. Price from Asian Metal at this weekend presented: PrNd metal 410-415RMB/KG, DyFe alloy 1890-1910RMB/KG and Tb metal 5100-5150RMB/KG.
2. Analysis of Professional Insiders
The transaction of mainstream rare earth products such as PrNd, Dy and Tb continued to decline, and transaction based on low price increased. The range of bidding shipment expanded, and the prices of major manufacturers began to decrease following the mainstream of the market. Price of Dy and Tb in this week continued to be weak, and some of major material holders had started to sell products by prices which were close to mainstream price.
The demand will become short temporarily after the Mid-Autumn Festival; also the stocking timing of National Day has not come yet. In addition, the high price of PrNd has been maintaining for a long time, and the power of pulling up prices is insufficient. With emotion of fearing high prices urge manufacturers to sell goods by surrendering part of the profit in order to beat the gun. In addition, more recent meetings and frequent exchange expectations make low price transaction become a further trend. The downstream has adopted a wait-and-see restraint. The upstream ones sell the goods following the trend to avoid the high inventory backlog, in this way the rare earth trend is temporarily weak. (Rui Dao Rare Earth Information).
The decline in the price of rare earth products this week was mainly due to the weak market demand after the Mid-Autumn Festival holiday. After the Mid-Autumn Festival, the downstream enterprises have poor enquiries, the actual market transactions are weak. And the upstream merchants’ willingness to sell is gradually increasing. The rare earth market actually has low-priced sources. However, with the impact of the tightening factors on the future supply of PrNd oxide, coupled with the gradual improvement of orders for metals and downstream magnetic materials companies, it is predicted that the slide of PrNd oxide and Nd oxide price will be come limited. So people are still optimistic about the market outlook. In terms of medium and heavy rare earths, the market price was lowered due to declined transaction. It is expected that the declines of Dy, Tb and other medium and heavy rare earths will be limited with rising demand of the market. (Shanghai Nonferrous Website).
Listing price on Sep 16th from China South Rare Earth
Unit: 10,000RMB/ton (EXW price excl. VAT)
3. Tendency Chart (refer to Asian Metal)
Sep. 20th, 2019
Notes: the information above is for reference only!
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