SMM, August 5:
Rare Earth Ore:
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Price: Medium-yttrium, europium-rich ore price was approximately 249,500 yuan/mt, monazite price was approximately 44,000 yuan/mt, and rare earth carbonate price was approximately 60,400 yuan/mt.
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Supply and Demand: Currently, the overall circulation frequency of rare earth ore remains poor, the market trading situation is stagnant, and weak oxide prices have caused the actual transaction prices of rare earth ore to also see its center shift downward.
Rare Earth Oxides:
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Price: In Pr-Nd oxide, both quotations and inquiries were very sluggish, with some traders pushing goods at low prices; dysprosium oxide and terbium oxide prices showed relatively insignificant fluctuations.
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Supply and Demand: Yesterday, some traders continued to sell at low prices, but metal plants' purchase willingness remained poor, causing Pr-Nd oxide prices to further decline. Market confidence was unstable, and downstream inquiries and transactions remained sluggish. In the medium-heavy rare earth sector, downstream purchasing activity for dysprosium oxide and terbium oxide remained low, with factories' quotations still firm, and prices showed relatively small fluctuations.
Rare Earth Metals:
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Price: Pr-Nd alloy prices continued to weaken, with a sluggish trading atmosphere, while dysprosium-iron alloy and terbium metal prices held steady.
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Supply and Demand: Yesterday, affected by the continued pullback in Pr-Nd oxide prices and low inquiry prices in the metal market, some metal suppliers continued to lower their quotations. Market inquiry activity did not improve significantly, and actual trading atmosphere was sluggish. In the medium-heavy rare earth market, due to sparse inquiry activity, terbium metal and dysprosium-iron alloy prices saw no notable fluctuations, operating stably overall.
NdFeB Blank:
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Price: NdFeB blank N35 (Ce) was reported at 209-219 yuan/kg, NdFeB blank 25M at 254-264 yuan/kg, and NdFeB 35UH at 354-374 yuan/kg.
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Supply and Demand: Yesterday, NdFeB blank quotations remained temporarily stable, primarily because raw material prices held steady, which supported NdFeB quotations. On the transaction side, from late July to early August, mainstream motor factories entered the summer maintenance period, causing operating rates to drop significantly, which in turn reduced demand for NdFeB. Overall market transactions were average.
NdFeB Scrap:
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Price: Pr-Nd recycled from NdFeB scrap prices declined, while dysprosium recycled from NdFeB scrap and terbium recycled from NdFeB scrap prices held steady.
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Supply and Demand: Yesterday, scrap market prices edged lower, mainly influenced by persistently weak oxide prices. Recycling enterprises correspondingly lowered their external purchase quotations, but scrap suppliers' willingness to sell at low prices was not high, resulting in a strong wait-and-see sentiment in the overall market, with actual transactions performing average.
