October 23 SMM rare earth spot price: multi-item further decline gadolinium oxide down 5000 yuan / ton

[Rising magnesium ingot production costs push up prices, sluggish demand constrains rebound] Fugu magnesium ingot offers in both domestic and overseas markets rose along with higher costs, but end-use demand in China and outside China failed to follow through, limiting upward momentum. In the short term, magnesium ingot prices are expected to continue moving sideways within a range, with attention on downstream restocking and production cuts by producers.

[SMM Titanium Spot Express: High Inventory and Low Demand Weigh on Market, Titanium Dioxide Prices Remain Weak in Stalemate] On September 1, the SMM titanium dioxide index stood at 14,080 yuan/mt, with quotations for all titanium dioxide grades unchanged. Industry operating rates remained stable, but inventory divergence was evident. Downstream procurement was weak, while costs provided bottom support. In the short term, the market is expected to continue its weak, stagnant pattern.

Menurut penilaian SMM, produksi natrium antimonat kelas satu di Tiongkok pada Agustus 2026 akan mencatat kenaikan bulanan yang substansial sekitar 58%. Kenaikan produksi yang signifikan pada Agustus telah membuat banyak pelaku pasar berspekulasi apakah pasar telah memasuki musim permintaan puncak tradisional "September Emas dan Oktober Perak", dan permintaan stok natrium antimonat dari sektor kaca fotovoltaik kemungkinan akan meningkat secara bertahap.