SunSirs: On October 10th, the Prices of Dysprosium and Terbium Series in China Decreased
October 10 2023 14:28:57 SunSirs (John)
Price trend
On October 10th, the prices of dysprosium and terbium series in China decreased.
Analysis review
The recent market trading situation was average, with the price of terbium oxide being 8.5 million RMB/ton, metal terbium being 10.7 million RMB/ton, dysprosium oxide decreasing by 20,000 RMB/ton to 2.7 million RMB/ton, metal dysprosium increasing by 40,000 RMB/ton to 3.39 million RMB/ton, and dysprosium iron alloy increasing by 10,000 RMB/ton to 2.64 million RMB/ton.
The recent market situation of terminal new energy vehicles was still good, and the transaction situation of downstream rare earth permanent magnet material manufacturers was normal. As of October 10th, there was news of closure in Myanmar, and downstream procurement was mainly based on demand. The price trend of dysprosium series in the heavy rare earth market had declined, and the price of terbium series had temporarily stabilized.
Market outlook
The price trend is mainly stable in the later stage.
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