SunSirs: On June 11th, Some Prices of Dysprosium Terbium Series in China Declined
June 12 2024 10:58:36 SunSirs (John)
Price trend
On June 11th, the prices of rare earths in the domestic dysprosium terbium series declined. Recently, the trading situation on the exchange was average, with the price of terbium oxide dropping by 6 million RMB/ton, the price of metallic terbium dropping by 50,000 RMB/ton to 7.25 million RMB/ton, the price of dysprosium oxide dropping by 1.9 million RMB/ton, the price of metallic dysprosium dropping by 2.54 million RMB/ton, and the price of dysprosium ferroalloy dropping by 20,000 RMB/ton to 1.84 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. Recently, downstream procurement was mainly based on demand, with average new orders. The price of dysprosium series in the heavy rare earth market had fallen, while the price of terbium series had decreased.
Market outlook
The price trend of dysprosium terbium based rare earths in the later stage is mainly characterized by a fluctuating downward trend.
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