SunSirs: The Market Price of Rare Earth has Rebounded Slightly Recently
May 19 2023 10:44:09The latest price of praseodymium oxide (May 17): 460,000 RMB/ton, the market outlook is stable
Analysis points: The light rare earth market has rebounded slightly in the near future, and a small amount of downstream demand has increased. In addition, the price of light rare earths has been declining for a long time. Affected by the slight increase in demand, the domestic light rare earth market price has rebounded. However, downstream demand has not recovered, market information is still weak, orders from metal factories are relatively deserted, coupled with serious raw material upside down, metal factories are not very accepting of high-priced oxides. The order situation in the domestic terminal market has not improved significantly, the operation of enterprises with export orders is not ideal, the order situation of downstream magnetic material enterprises has remained sluggish, the pessimism of the rare earth market is still heavy, and the growth rate of rare earth products is limited.
Forecast of the market outlook: The downstream demand for rare earths has not actually improved, and downstream businesses have a strong wait-and-see sentiment. In addition, the supply of rare earth production enterprises is normal, and the enterprises have not shipped much and accumulated inventory. The second quarter is the off-season for the rare earth industry.
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