Strong wait-and-see atmosphere in rare earth market

Recently, the rare earth market has gained momentum. From July 29th to August 2nd this week, most of the rare earth products in China have been in a strong trend. Holders of the stock market have a more stable attitude towards the market outlook, with few signs of throwing goods, and have a strong wait-and-see atmosphere. The industry believes that the signal from the “Rare Earth Congress” to be held in Baotou and Zhangzhou on the 8th and 11th will be an important indicator of the future trend of rare earths.

The reporter was informed that the domestic rare earth authoritative website - China's rare earth network announced on the 31st of 34 major domestic rare earth products prices showed an upward trend in 24, on the 1st, only one product marked "up", rare earth market is now the overall price fluctuations are not obvious , The trading volume is general.

-- Light-Rare Earth Market Slightly Slightly Increased Markets The market is optimistic about light rare earths in the short term. This week the market is relatively stable and prices have not changed significantly. Up to now, the market price of antimony oxides has been between RMB 340,000 and RMB 350,000 per ton, up 0.5 from last week. RMB 10,000 per ton, the market price of metal yttrium is between RMB 440,000 and RMB 450,000/ton, which is RMB 10,000/ton higher than last week. Although the market price is firm, the actual transaction volume is normal. Most of the holders of the products are keeping old customers as the mainstay, and there are fewer market enquiries.

After the upsurge in prices in the previous period, the holders are now making concessions, and the willingness to ship has been increased compared with the previous period. However, the actual terminal demand is generally not significant. The market price of neodymium iron boron has not changed significantly, and raw material prices are relatively high. Weak, some NdFeB companies have already withdrawn from the market, and their support for market prices is limited. Holders are now mainly on the sidelines.

According to Du Shuaibing, a rare earth analyst of Baichuan Resources, the price of yttrium oxide began to rise in the rare earth market when most of the products started to stabilize. Due to the small spot market at present, most of the holders quoted firm prices, and the current market price for yttrium oxide In 520,000 yuan -53 yuan / ton, but the actual turnover in general. According to merchants, there are many inquiries on the market, but the willingness to accept orders for new orders is low, mostly to maintain old customers, and now old customers are also supported by costs. The price depression phenomenon is more serious, most of which is 520,000 yuan. / Ton turnover.