SunSirs: The Price trend of Domestic Dysprosium Terbium Series Products Declined on August 8th
August 09 2024 09:00:22 SunSirs (John)
Price trend
On August 8th, the domestic prices of dysprosium terbium rare earth elements declined, and the recent trading situation on the exchange was average. The price of terbium oxide was 5.375 million RMB/ton, the price of terbium metal was 6.55 million RMB/ton, the price of dysprosium oxide decreased by 10,000 RMB/ton to 1.735 million RMB/ton, the price of dysprosium metal was 2.325 million RMB/ton, and the price of dysprosium ferroalloy decreased by 30,000 RMB/ton to 1.69 million RMB/ton.
Analysis review
Recently, the market for new energy vehicles in the terminal market had remained stable, with normal transactions among downstream permanent magnet material manufacturers of rare earths. Downstream purchases had mainly been made on demand, with an increase in new orders. The prices of dysprosium series and terbium series in the heavy rare earth market had declined.
Market outlook
The price trend of dysprosium terbium rare earths in the later stage is mainly fluctuating and declining.
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