1.Briefing of Important News
Last week, prices of PrNd, DyFe and Tb continued to fallslightly. Price from Asian Metal at the weekend presented: PrNd metal 365-370 RMB/KG,DyFe 1,530-1,550 RMB/KG and Tb metal 4,550-4,600 RMB/KG.
2.Analysis ofProfessional Insiders
Last week, PrNd fluctuated while theoverall rare earth market is still weak. The short-term downstream procurement concentration caused a slight rise in PrNd products, but the rise time wasshort-lived, and the trend of PrNd finally returned to the weak normal afterthe demand decline. With the increasing cost pressure of southern enterprises,the space for price concession among enterprises is compressed, and thewillingness to ship low-level goods is not strong.
At the end of the month, the oversealong holiday is approaching, and the traditional peak season of magneticmaterial factory is coming. In addition, due to the long-term weakness of thedownstream to take restraint in the rigid demand procurement, the magneticmaterial inventory is relatively insufficient, and last week there was a wave of centralized procurement. With the increase of inquiries, the metal factory tentatively raised prices and achieved initial results. From downstream toupstream, PrNd began to rebound slightly.
Heavy rare earth was still not performing well last week. Although the manufacturer's quotation was gradually approaching the transaction, which showed a rapid decline, but in terms of the transaction, the weak trend was relatively slow. Since the recovery of Tengchong customs, the price of Dy oxide has declined all the way. The price of 1,500,000RMB/TON has reached the purchase cost of most of the goods holding manufacturers, which continues to decline under great pressure. In order to stabilize the market and ensure the normal production of the industry, the leading heavy rare earth enterprises began to purchase Dy oxide at a guaranteed price last week to maintain the reasonable price level of Dy oxide.
According to the follow-up judgment,the purchasing of PrNd metal is gradually declining, and PrNd products may continue to decline in a weak direction. However, no matter from the cost or the manufacturer's production status, there is little room for PrNd to continue to decline, and the weak direction should be relatively eased. The weakening factors of heavy rare earth still exist, but the pressure brought by high inventory to enterprises will inevitably cause them to consume slowly near the current price. Excluding the major favorable factors such as national reserve,the overall market is still dominated by weak stability. (Rui Dow Rare Earth Information)