1. Briefing of Important News
This week, prices of PrNd, DyFe and Tb continued to fall slightly. 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 of Professional Insiders
This week, PrNd fluctuated while the overall rare earth market is still weak. The short-term downstream procurement concentration caused a slight rise in PrNd products, but the rise time was short-lived, and the trend of PrNd finally returned to the weak normal after the demand decline. With the increasing cost pressure of southern enterprises, the space for price concession among enterprises is compressed, and the willingness to ship low-level goods is not strong.
At the end of the month, the oversea long holiday is approaching, and the traditional peak season of magnetic material factory is coming. Also, due to the long-term weakness of the downstream to take restraint in the rigid demand procurement, the magnetic material inventory is relatively insufficient, and this week there is a wave of centralized procurement. With the increase of inquiries, the metal factory tentatively raised prices and achieved initial results. From downstream to upstream, PrNd began to rebound slightly.
Heavy rare earth is still not performing well this week. Although the manufacturer's quotation is gradually approaching the transaction, which shows a rapid decline, in terms of the transaction, the weak trend is 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. 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 this 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 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)
Listing price on Oct 29th from China South Rare Earth
Unit: 10,000RMB/Ton (EXW price incl. VAT)
3. Tendency Chart (refer to Asian Metal)
2019年11月01日