Rare earth market prices stopped falling and rebounded in April

Since mid-April, rare earth market activity has increased, inquiries have increased, and low prices have decreased, and rare earth prices have begun to rise across the board
.
Among them, the prices of praseodymium, neodymium, dysprosium, terbium, and gadolinium have risen significantly, with a large increase
.
By the end of April, the average market price of dysprosium oxide was 2.
59 million yuan (ton price, the same below), terbium oxide was 14.
1 million yuan, holmium oxide was 1.
225 million yuan, gadolinium oxide was 440,000 yuan, and neodymium oxide was 885,000 yuan.
Praseodymium oxide was 865,000 yuan, and praseodymium neodymium oxide was 840,000 yuan, up 2% to 19% from mid-April respectively
.

According to the analysis of Baichuan Yingfu, an information agency, the rebound in rare earth prices this time was mainly affected by supply and demand adjustments and changes in market sentiment
.
On the one hand, the upstream spot supply continues to be tight, the oxide spot inventory is at a low level, the increase in the output of separation enterprises is limited, and some areas have stopped production and reduced production due to environmental protection, raw material shortages and other reasons, and the overall supply increase is insufficient
.
On the other hand, from the perspective of terminal demand, the previous price continued to fall, the downstream orders were insufficiently followed up, the purchase was delayed, and the enterprise inventory fell to a low level
.
As the price rebounded, the merchants bought up and not down, the inquiry was active, and the transaction low moved up
.
In addition, from the perspective of market sentiment, since March, the price of rare earths has continued to decline, the low-priced inventory in the market has continued to decrease, the cost of manufacturers is supported, and the sentiment of price support is obvious.
Pull high
.

From the perspective of exports, according to customs statistics, in the first quarter of this year, China exported a total of 12,700 tons of rare earths, a year-on-year increase of 6.
5%; the export value was 1.
55 billion yuan, a year-on-year increase of 74.
6%
.
Exports showed a good trend of increasing prices and volume, which also played a certain role in promoting the price increase of rare earths
.