The rare earth market remains stable, and price rally needs extra promotion
June 29, 2018 Source:ruidow
Keywords:rare earth
On 27th of June, the price offer of rare earth is steady, compared to last week. Upstream producers still strive to maintai the price level, ex-factory price of Nd-Pr oxide is offered at RMB338,000-348,000 Yuan/ton (incl. VAT), down RMB2000 Yuan/ton from last week. Small amount of spot transactions are in low price. Ex-factory price of Nd-Pr alloy is offered at RMB430,000-440,000 Yuan/ton (incl. VAT). Transaction price is around RMB428,000 Yuan/ton.
Upstream producers keep in wait-and-see, but some of them are not optimistic about the recent market. More oxide sales information make producers more eager to sale. This week, there is no significant improvement in downstream demand, but the metal smelting has entered in high-temperature month, and some small and medium-sized will soon halt production. The future decreasing supply will further ease the supply-over- demand situation in downstream market, which gives contribution to hold the price level of the metal. In addition, demand for related magnetic materials, such as Dy and Tb, remained the same this week due to low transactions.
Taking an example of Nd-Pr oxide, rare earth market only maintains price increase for three week then falls. Except for environmental inspection, the rare earth market needs another “shot” recently.
RVY Price at posting:
1.9¢ Sentiment: None Disclosure: Held
