SMM July 27 news:
Rare Earth Ore:
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Prices: Rare earth carbonate price is about 61,400 yuan/mt, medium-yttrium, europium-rich ore price is about 253,000 yuan/mt, and monazite price is about 44,000 yuan/mt.
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Supply and Demand: At present, the overall circulation frequency of rare earth ore remains sluggish, market trading is in a stalemate, and the weak oxide prices have also led to a downward adjustment in the actual transaction prices of rare earth ore.
Rare Earth Oxides:
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Prices: The Pr-Nd oxide market trading atmosphere remains sluggish, but most factories hold firm offers; dysprosium oxide and terbium oxide quotes remain relatively stable.
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Supply and Demand: Last week, downstream inquiries for Pr-Nd oxide remained sluggish, with some traders selling at lower prices in small quantities, but upstream suppliers indicated that Pr-Nd oxide output was slightly tight and were unwilling to sell at low prices; dysprosium oxide quotes were relatively stable, but some traders offered small amounts at lower prices; terbium oxide market quotes remained firm.
Rare Earth Metals:
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Prices: Pr-Nd alloy prices edged up, market trading did not improve, dysprosium-iron alloy prices remained flat, and terbium metal prices edged down.
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Supply and Demand: Last week, influenced by the recovery in oxide prices, some metal suppliers raised their offers, but downstream magnetic material enterprises had fewer inquiries, market trading performance was poor, and the actual increase was limited. In the medium-heavy rare earth market, inquiries did not improve, and terbium metal and dysprosium-iron alloy prices remained unchanged.
NdFeB Blanks:
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Prices: NdFeB blank N35 (Ce) was reported at 212-222 yuan/kg, NdFeB blank 35M at 257-267 yuan/kg, and NdFeB 35UH at 357-377 yuan/kg.
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Supply and Demand: Last week, NdFeB blank quotes edged down, mainly because falling raw material prices dragged down magnetic material offers. In terms of trading, as July drew to a close, many regions in China experienced hot weather, and motor factories and end-users gradually began their summer breaks. Operating rates at motor factories and end-users weakened significantly, and demand for rare earth permanent magnets contracted, ultimately leading to persistently low trading activity in the NdFeB market.
NdFeB Scrap:
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Prices: Pr-Nd recycled from NdFeB scrap prices held steady, as did dysprosium recycled from NdFeB scrap and terbium recycled from NdFeB scrap prices.
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Supply and Demand: Last week, scrap market prices held steady. Affected by the relatively small increase in oxide prices, recycling enterprises did not make significant adjustments to their external purchase quotes. However, the circulation of compliant duty-paid scrap is currently limited, and low-priced scrap is hard to find in the market, making scrap procurement still quite difficult.
