Rare earth market has become colder, and can even be described as stagnation. Trading volume is more scarce, suppliers offer very low prices, but buyers have not come out to purchase. Some suppliers said that there may not be much improvement before the festival, so some factories even said that they would take the "11" long vacation ahead of time.
There are two remarkable things in the rare earth market last week. One is that the General Office of the Jiangxi Provincial People's Government issued the Notice on Further Strengthening the Production and Management of Rare Earth. The other is that the six major groups met to decide on the unified management of the six major groups and to receive goods at market prices in order to stabilize market prices. These two things are carried out simultaneously in order to stabilize the market by controlling supply. After the news came out, although the market did not react too much in the short term, it is bound to play a strong supporting role in the supply side for the late price return in the long run.
The market of light rare earth products is still declining. The price of Praseodymium oxide and Neodymium oxide has continued to decline, falling from an average of 480,000 yuan/ton from September 11 to 15 to 470,000 yuan/ton. The lowest known transaction price in the market is about 460,000 yuan/ton. The average price of neodymium metal is 630,000 yuan per ton. According to industry sources, there are 580,000 yuan to 590,000 yuan per ton in the market.
The market of lanthanum oxide and cerium oxide remained stable as a whole. The average price of lanthanum oxide was 165,000 yuan/ton, and the average price of cerium oxide was 19,000 yuan/ton. The market turnover was also relatively stable.
The heavy rare earth market continued to suffer heavy losses, and the price of dysprosium oxide fell from an average of 12.15 million yuan per ton to 1.65 million yuan per ton. The price of dysprosium oxide on the market was about 11.15 million yuan per ton. The price of terbium oxide dropped from an average of 38.225 million yuan/ton on September 11-15 to 3.65 million yuan/ton. The average price of holmium oxide dropped from 490,000 yuan/ton on September 11-15 to 450,000 yuan/ton. At present, the heavy rare earth market is in a state of no market, barely traded, but prices are rapidly declining.
The National Day holiday is coming soon. The author predicts that the rare earth market will continue to be quiet and stagnant last week. It is possible for buyers and sellers to keep a wait-and-see attitude. It is possible for the rare earth market to turn around and become active after the National Day holiday. During this period, prices may continue to decline, or they may remain stable, with very little volume anyway. (Source/China Nonferrous Metals Newspaper, Editor/Li Hongwei)
