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SMM News on June 18: Today, the rare earth market prices showed a slight weakness. Specifically, in the oxide market, the price of Pr-Nd oxide slightly decreased to 438,000-440,000 yuan/mt, the price of dysprosium oxide slightly decreased to 1.615-1.625 million yuan/mt, the price of terbium oxide slightly decreased to 7.1-7.14 million yuan/mt, and the price of gadolinium oxide decreased to 160,000-162,000 yuan/mt. The price of holmium oxide remained stable at 515,000-520,000 yuan/mt, and the price of erbium oxide continued to fluctuate between 300,000-305,000 yuan/mt.
In the metal market, the price of Pr-Nd alloy decreased to 537,000-540,000 yuan/mt today, the price of dysprosium-iron alloy remained stable at 1.57-1.58 million yuan/mt, the quote for terbium metal remained stable at 8.8-8.9 million yuan/mt, the price of gadolinium-iron alloy slightly decreased to 156,000-157,000 yuan/mt, the market price of holmium-iron alloy remained stable at 524,000-528,000 yuan/mt, and the price of lanthanum-cerium metal continued to remain stable at 17,000-19,000 yuan/mt.
Currently, the rare earth market prices are slightly weak, mainly influenced by weak end-use demand. Due to the lower-than-expected orders from magnetic material enterprises, the demand for metal procurement has also decreased. Additionally, the low tender prices from major manufacturers have led to a further decline in market price expectations, resulting in an overall sluggish performance in the rare earth market. Some traders have proactively lowered their quotes to sell off and realize cash, but factory quotes remain firm due to cost support, and there is a strong wait-and-see sentiment in the market. It is expected that in the short term, influenced by the selling-off from traders, the market prices will continue to show a slight weakening trend.
