August 19 SMM Rare Earth Afternoon Transaction Comment

[SMM Rare Earth Afternoon Transaction Comment] In the afternoon, the Pr-Nd oxide market continued to be in the doldrums. Downstream purchasing remained poor, some traders slightly lowered their quotations, and actual transaction prices dropped to 715,000-717,000 yuan/mt, but factory quotations remained firm at 718,000-720,000 yuan/mt. Although inquiries for gadolinium oxide faced considerable push for lower prices, supplier quotations remained firm and prices have not seen obvious fluctuations yet. The Pr-Nd alloy market continued to see sluggish inquiries; coupled with the slight pullback in Pr-Nd oxide prices, some suppliers slightly lowered their quotations. However, mainstream quotations from metal enterprises remained firm at 870,000-875,000 yuan/mt. Inquiry activities in the gadolinium-iron alloy market have not increased significantly, and prices temporarily stabilized at 183,000-185,000 yuan/mt.