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SMM News on April 30: Today, the rare earth market prices showed a slight weakening trend. Specifically, in the oxide market, the price of Pr-Nd oxide increased to 410,000 to 412,000 yuan/mt, the price of dysprosium oxide decreased to 1.59 million to 1.61 million yuan/mt, the price of terbium oxide decreased to 6.72 million to 6.75 million yuan/mt, and the price of gadolinium oxide remained stable at 161,000 to 163,000 yuan/mt. The price of holmium oxide decreased to 490,000 to 495,000 yuan/mt, while the price of erbium oxide fluctuated between 298,000 and 303,000 yuan/mt.
In the metal market, the price of Pr-Nd alloy increased to 500,000 to 505,000 yuan/mt, the price of dysprosium-iron alloy remained stable at 1.57 million to 1.58 million yuan/mt, the quoted price of terbium metal decreased to 8.35 million to 8.4 million yuan/mt, and the price of gadolinium-iron alloy remained stable at 158,000 to 159,000 yuan/mt. The market price of holmium-iron alloy remained at 500,000 to 510,000 yuan/mt, while the price of lanthanum-cerium metal ranged from 17,000 to 22,000 yuan/mt.
Currently, the overall rare earth market prices are showing a slight downward trend. Restocking activities before the Labour Day holiday led to an increase in inquiries in the Pr-Nd market, but the restocking volume was limited. Due to the market's uncertain attitude towards the future outlook, there was a strong wait-and-see sentiment, and most enterprises made cautious purchases based on actual demand. Affected by the sluggish end-use demand, it is expected that rare earth market prices will continue to maintain a slight weakening trend in the short term.
