[SMM Rare Earth Morning Meeting Summary] Suppliers Stop Quoting, Market Trading Volume Declines

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SMM January 21 News:

Rare Earth Ore

Prices: Rare earth carbonate prices are approximately 33,100 yuan/mt, monazite prices are around 38,300 yuan/mt, and medium-yttrium, europium-rich ore standard ore prices are about 176,500 yuan/mt.

Supply and Demand: Currently, as the year-end approaches, suppliers at the mining end show low willingness to sell, and market trading remains sluggish.

Rare Earth Oxides

Prices: The mainstream quotation range for Pr-Nd oxide is 408,000-410,000 yuan/mt; the transaction range for dysprosium oxide is around 1.66-1.67 million yuan/mt, and terbium oxide prices are approximately 5.9-5.95 million yuan/mt.

Supply and Demand: As the Chinese New Year approaches, trading activities in the rare earth oxide market have significantly decreased. Additionally, logistics will cease operations this week, and most suppliers have decided to stop quoting this week, leading to a decline in market trading volume.

Rare Earth Metals

Prices: The mainstream quotation for Pr-Nd alloy is approximately 502,000-508,000 yuan/mt, dysprosium-iron prices corresponding to oxide quotations are around 1.6-1.63 million yuan/mt, and terbium metal prices are about 7.4-7.43 million yuan/mt.

Supply and Demand: During this week, some metal processing plants have entered holiday mode, resulting in a temporary halt in production. This situation has reduced sellers' willingness to actively quote in the market.

Magnetic Materials

Prices: NdFeB blank prices are as follows: NdFeB blank N38 (Ce) at 133-143 yuan/kg; NdFeB blank 40M at 179-189 yuan/kg; NdFeB blank 40H at 183-193 yuan/kg; NdFeB blank 45SH (Ce) at 233-253 yuan/kg.

Supply and Demand: Yesterday, the rare earth market showed mediocre performance. As some magnetic material enterprises are about to suspend production for the holidays, market trading activity has declined, and the overall atmosphere appears subdued. Most enterprises are adopting a wait-and-see attitude toward the post-holiday market.

NdFeB Scrap

Prices: NdFeB scrap Pr-Nd prices are reported at 431-436 yuan/kg; NdFeB scrap dysprosium prices are at 1,559-1,587 yuan/kg; NdFeB scrap terbium prices are at 5,087-5,123 yuan/kg.

Supply and Demand: Before the holiday, scrap prices remained relatively stable. Due to just-in-need restocking by separation enterprises, actual transactions did not meet expectations. During the Chinese New Year, the market will primarily focus on consuming inventory, with a cautious attitude toward price increases after the holiday.