The downstream inquiry at the beginning of the week did not show the urgent demand near the end of the month, and the market remained weak and stable, and the terminal metals took the lead in reducing the remaining part of the cake. 

The price concession of metal mills seems to be a little too hasty, because the downstream is looking at the weak market outlook, and there were no more purchases at the beginning of the week. 

Price concessions and promotions are twice the result with half the effort; however, it is also a helpless move. The metal industry is relatively scattered, and the quality funds of small and medium manufacturers are at a disadvantage, and maintenance takes priority over profits.

Neodymium oxide is subject to the pressure transmission at the mid-end, and the low-level transactions have not stopped being refreshed. The panic of small factories, the anxiety of large factories, and the continued sensitivity of bottom-seeking inquiries.

The weakness of the main product finally affected the stability of dysprosium terbium. The anti-smuggling and verification were gorgeous in appearance but weak in essence. The foothold that was not solid enough could no longer withstand the overall cold current of the market. Recently, the focus of dysprosium and terbium transactions has shifted slightly. 

Although this surface stability is still maintained at this stage, the bias between supply and demand is far-fetched.

Supply and demand determine the main trend of the trend, and market sentiment affects the details. Especially when there is no major change in the main body, the fluctuation of emotions is the main reason for the short-term trend. 

The long-term depression in the upstream is in urgent need of even a slight improvement. Although the purchase at the end of the month is not expected, it is enough to ignite the confidence of the upstream to stabilize the price in the short term. The surplus and deficit of supply and demand next month will be slightly stronger this month, and it is unknown whether the bottom line will be achieved.

Under the general trend of stability, in the process of moving forward with slight fluctuations, we should not be happy with things or feel sorry for ourselves, but face it calmly.