March 19:
Rare Earth Ore:
Today, the price range of rare earth carbonate was 55,900-56,700 yuan/mt, monazite prices were adjusted to 5.55-5.75 yuan/mt, and medium-yttrium, europium-rich ore was priced at about 233,000-234,000 yuan/mt. Recently, actual transaction prices of rare earth ore were generally low, with separation plants pushing hard for lower prices in procurement.
Rare Earth Oxides:
Lanthanum oxide prices were relatively stable this week, remaining at 5,000-5,300 yuan/mt, while cerium oxide market supply remained tight, with prices further raised to 14,000-14,500 yuan/mt this week. Affected by fluctuations in futures prices, market confidence in the Pr-Nd oxide market dropped sharply, and traders actively dumped cargoes at low prices, triggering a rapid decline in transaction prices in the Pr-Nd oxide market. As of today, Pr-Nd oxide prices had pulled back to 690,000-700,000 yuan/mt. In the medium-heavy rare earth segment, dysprosium oxide market demand remained poor, and prices stayed in the doldrums, falling to 1.36-1.38 million yuan/mt during the week. Suppliers in the terbium oxide market also continued to lower offers, with prices adjusted to 6.05-6.1 million yuan/mt during the week. Gadolinium oxide prices continued to decline with the market, and supplier offers fell to 225,000-230,000 yuan/mt. Holmium oxide market quotes also edged down this week, with prices lowered to the 540,000-545,000 yuan/mt range. Erbium oxide supplier quotes dropped back slightly WoW, with prices lowered to 400,000-408,000 yuan/mt this week. Yttrium oxide market prices were relatively stable overall this week, temporarily holding at 70,000-73,000 yuan/mt.
Rare Earth Metals:
This week, cerium metal prices remained steady at 31,500-32,000 yuan/mt. Pr-Nd alloy prices fell back significantly to 890,000-910,000 yuan/mt, mainly affected by the continued pullback in Pr-Nd oxide prices. Bullish sentiment weakened, and some traders proactively cut prices for shipments, leading to a decline in Pr-Nd alloy prices. However, supported by inventory costs and low spot metal inventory, metal enterprises showed weak willingness to sell at low prices, while magnetic material enterprises had few new orders and still mainly restocked for rigid demand, with limited capacity to accept high-priced metal. Back-and-forth negotiations between upstream and downstream remained in stalemate, and market trading was sluggish. In the medium-heavy rare earth market, dysprosium-iron alloy was quoted at 1.32-1.35 million yuan/mt. Although market inquiries improved somewhat this week, downstream bid prices were low, and push for lower prices in procurement was prominent, forcing suppliers to lower quotes, while market transactions remained in the doldrums. Terbium metal prices were likewise affected by low inquiry prices in the market, with supplier quotes continuing to weaken and prices lowered to 7.65-7.7 million yuan/mt. Gadolinium-iron alloy prices were dragged down this week by a marked pullback in Pr-Nd product prices, coupled with limited downstream inquiries and purchasing activity, with supplier quotes continuously lowered to 223,000-225,000 yuan/mt.
Rare Earth Permanent Magnets:
At present, NdFeB blank N38 (Ce) was quoted at 234-244 yuan/kg; NdFeB blank 40M was quoted at 280-290 yuan/kg; NdFeB blank 40H was quoted at 284-294 yuan/kg; NdFeB blank 45SH (ce) was quoted at 334-354 yuan/kg.
Price side, NdFeB prices continued to move lower this week, while the overall trend remained basically stable. The core reason was that continued declines in the prices of Pr-Nd oxide and metal, the raw materials for NdFeB, drove NdFeB prices downward. In terms of trading, market activity was more sluggish this week than before, mainly because upstream raw material prices saw wild swings, while generally weak end-use demand at the start of the year led to a low frequency of rigid restocking, and downstream buyers continued to wait and see.
Rare Earth Scrap:
This week, Pr-Nd recycled from NdFeB scrap was quoted at 670-690 yuan/kg; dysprosium recycled from NdFeB scrap was quoted at 1,330-1,350 yuan/kg; terbium recycled from NdFeB scrap was quoted at 5,800-6,000 yuan/kg.
This week, scrap prices saw a marked pullback, mainly affected by the obvious pullback in oxide prices. At the beginning of the week, amid the sharp pullback in futures prices for Pr-Nd oxide, some suppliers continuously lowered their quotes, and recycling enterprises correspondingly cut their purchase prices. Meanwhile, scrap suppliers showed weak willingness to sell at low prices, making procurement relatively difficult for recycling enterprises and leading to diverging quotes: large recycling plants maintained relatively high purchase quotes to ensure normal procurement, while some small plants chose to suspend purchase quotations and wait to see market transactions, though the overall trend remained downward. Overall, as oxide prices continued to pull back, scrap suppliers' willingness to sell weakened, recycling enterprises found procurement difficult, and wait-and-see sentiment across the market remained strong.
