SunSirs: On January 18th, Prices of Some Domestic Dysprosium Terbium Series Products Increased
January 19 2024 15:23:35 SunSirs (John)
Price trend
On January 18th, the prices of rare earths in the domestic dysprosium terbium series rose. Recently, the trading situation on the exchange was average, with the price of terbium oxide rising by 150,000 RMB/ton to 6.1 million RMB/ton, the price of metallic terbium increasing by 7.35 million RMB/ton, the price of dysprosium oxide increasing by 20,000 RMB/ton to 1.96 million RMB/ton, the price of metallic dysprosium increasing by 2.405 million RMB/ton, and the price of dysprosium ferroalloy increasing by 1.925 million RMB/ton.
Analysis review
The recent market situation for terminal new energy vehicles was still good, and the transaction situation of downstream permanent magnet material manufacturers of rare earths was normal. In recent times, downstream procurement was mainly based on demand, with average new orders. The price trend of dysprosium series in the heavy rare earth market had increased, while the price of terbium series had risen.
Market outlook
The price trend of dysprosium terbium series rare earths in the later stage will increase slightly.
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