（1） Weekly Review
The scrap market has been weak and persistent this week, with low prices from various manufacturers. Some companies are seeking to lower their inventory, but the market has reported scarce sources of goods. This week’s market transactions are limited, and there is a strong wait-and-see sentiment in the market. Currently, scrap praseodymium neodymium are priced at around 470-480 yuan/kg.
The rare earth market has stabilized after experiencing a major decline this week, with weak market demand combined with negative news. Market confidence has been greatly suppressed, and overall inquiry performance has been extremely weak. Low priced quotations have emerged one after another, and there has been an increase in shipping sentiment among enterprises. However, the actual follow-up performance of transactions has been poor, and the buyer’s price pressure is obvious. As the weekend approaches, there are finally signs of stabilization in the market. Currently, praseodymium neodymium oxide is reported at around 495000 to 500000 yuan/ton, The quotation for praseodymium neodymium metal is about 615000 yuan/ton.
In terms of medium and heavy rare earths, with the group’s phased replenishment, the dysprosium market has rebounded today. Currently, the market is growing rapidly, and the overall quotation is relatively chaotic. However, inquiries are still mainly based on low prices, and there is a growing reluctance to sell on the market. The actual orders are less than expected. Currently, the main heavy rare earth quotations are: 2.51-2.53 million yuan/ton of dysprosium oxide and 2.48-2.51 million yuan/ton of dysprosium iron; 7.4 to 7.5 million yuan/ton of terbium oxide and 9.4 to 9.5 million yuan/ton of metallic terbium; 525-535000 yuan/ton of holmium oxide and 54555000 yuan/ton of holmium iron; Gadolinium oxide costs 255000 to 26000 yuan/ton, and gadolinium iron costs 240000 to 250000 yuan/ton.
（2） Aftermarket analysis
This week, rare earths are still in a downward trend, with some trading companies selling at low prices. Currently, downstream market demand is not performing well, and there is still a lack of positive factors to support the market’s return to steady state. In the short term, there are still expectations of a weak rare earth market.
Post time: Nov-20-2023