July 29 SMM Rare Earth Afternoon Trading Comment

Published: Jul 29, 2026 17:06

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Affected by futures fluctuations, Pr-Nd oxide suppliers were less active in pushing sales, metal plants also temporarily stopped inquiring, and market trading was very sluggish; trading in the gadolinium oxide market remained scarce, with relatively small price changes; in the afternoon, Pr-Nd alloy prices remained stable compared to the morning, suppliers' quotations were firm, but downstream inquiry activity was low, and the inquired prices were lower than the credit price of 910,000 yuan/mt, leading to a stalemate in market trading; inquiry activity in the gadolinium-iron market remained low, and quotations were unchanged.

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