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【SMM Analysis】Pr-Nd Prices is Soaring：Short-Term or Long-Term？
From August 15 to 19, the Pr-Nd market experienced a rare sharp rise — the average price of Pr-Nd oxide surged from 557,500 yuan/mt to 633,500 yuan/mt, a weekly increase of 13.6%; the average price of Pr-Nd alloy jumped from 677,500 yuan/mt to 772,500 yuan/mt, an increase of 14%. Tracing back to the beginning of the year, the cumulative increase in Pr-Nd oxide prices exceeded 40%, with the high pressure of prices continuously eroding the safety margin of the midstream of the industry chain. This article will explain from the demand side the intrinsic driving forces supporting whether this price can be sustained in the long term and the difficult situation of magnetic material and motor factories under the current price.
Demand&Emotion：Pr-Nd Material Prices is Soaring【SMM Analysis】
SMM August 19 News: Recently, the prices of Pr-Nd oxide and Pr-Nd alloy have shown a remarkable increase, which is not accidental but the result of multiple driving factors overlapping and resonating with each other.Today we discussed the reasons for this round of price increases
On August 19, at the northern ports: Australian lumps were at 40.5-41 yuan/mtu, down 0.49% WoW from last Tuesday; South African semi-carbonate was at 34.9-35.4 yuan/mtu, flat WoW from last Tuesday; Gabonese ore was at 39.6-40.4 yuan/mtu, down 0.50% WoW from last Tuesday; high-grade South African ore was at 29.5-30 yuan/mtu, flat WoW from last Tuesday; medium-grade South African ore was at 35.2-35.7 yuan/mtu, flat WoW from last Tuesday. At the southern ports: Australian lumps were at 40-40.7 yuan/mtu, down 0.49% WoW from last Tuesday; South African semi-carbonate was at 36.5-37 yuan/mtu, flat WoW from last Tuesday; Gabonese ore was at 40.1-40.6 yuan/mtu, down 0.49% WoW from last Tuesday; high-grade South African ore was at 30.6-31.1 yuan/mtu, flat WoW from last Tuesday; medium-grade South African ore was at 36.6-37.3 yuan/mtu, flat WoW from last Tuesday. Recently, the manganese ore market has been in the doldrums, significantly influenced by demand.
[SS Futures Drop Below 12,900 Yuan/mt, Spot Stainless Steel Prices Fall Amid Weak Trading] SMM August 19th report, the SS futures showed a weakening and pullback trend. Today, SS futures prices fell sharply, dropping from around 13,000 yuan/mt to below 12,900 yuan/mt. In the spot market, the reluctance to budge on prices among traders weakened due to the significant decline in SS futures. With sluggish trading persisting and month-end delivery pressures mounting, offers softened, pulling back slightly. However, under the sentiment of rushing to buy amid continuous price rise and holding back amid price downturn, downstream wait-and-see sentiment intensified, leading to even more sluggish trading. On the futures side, the most-traded contract 2510 was in the doldrums. At 10:30 am, SS2510 was quoted at 12,910 yuan/mt, down 115 yuan/mt from the previous trading day. The spot premiums/discounts for 304/2B in Wuxi were in the range of 260-410 yuan/mt. In the spot market, cold-rolled 201/2B coils in both Wuxi and Foshan were quoted at 8,050 yuan/mt; cold-rolled 304/2B coils with trimmed edges, averaged 13,075 yuan/mt in Wuxi and 13,075 yuan/mt in Foshan; cold-rolled 316L/2B coils were 25,275 yuan/mt in Wuxi and 25,275 yuan/mt in Foshan; hot-rolled 316L/NO.1 coils were 24,750 yuan/mt in both regions; cold-rolled 430/2B coils in Wuxi and Foshan were both 7,350 yuan/mt. Recently, social inventory of stainless steel has been declining continuously, and ongoing macro policy news has provided some support...
