[SMM Rare Earth Morning Meeting Summary] Market Inquiry Activity Increases, Actual Transactions Yet to Recover

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SMM February 6 News:

Rare Earth Ore

Prices: Rare earth carbonate prices are approximately 33,600 yuan/mt, monazite prices are around 38,300 yuan/mt, and medium-yttrium, europium-rich ore standard ore prices are about 177,500 yuan/mt.

Supply and Demand: Currently, after the Chinese New Year holiday, the festive atmosphere in the market remains strong, and the activity level of shipments from the mining side is not high.

Rare Earth Oxides

Prices: The mainstream quotation range for Pr-Nd oxide is 420,000-421,000 yuan/mt; the trading range for dysprosium oxide is around 1.67-1.69 million yuan/mt, and terbium oxide quotations are approximately 5.92-5.96 million yuan/mt.

Supply and Demand: Yesterday, the active quoting level in the rare earth market was relatively low. However, the inquiry activity in the market significantly increased yesterday afternoon, though actual trading volume has yet to recover, as some enterprises have not officially resumed operations.

Rare Earth Metals

Prices: The mainstream quotation for Pr-Nd alloy is approximately 512,000-518,000 yuan/mt, dysprosium-iron prices corresponding to oxide quotations are around 1.62-1.64 million yuan/mt, and terbium metal quotations are about 7.4-7.43 million yuan/mt.

Supply and Demand: The rare earth metal sector mainly follows corresponding oxide quotations. Downstream procurement volume has not shown significant improvement, and market trading volume remains relatively low.

Magnetic Materials

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

Supply and Demand: On the first working day after the holiday, some magnetic material enterprises have gradually resumed production. However, as not all workers have returned to their posts, overall capacity has not yet returned to normal levels. Meanwhile, market trading activity remains relatively low.

NdFeB Scrap

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

Supply and Demand: On the first day of post-holiday resumption, although the majority of enterprises have gradually resumed operations, short-term production levels have declined compared to pre-holiday levels, and market trading activity appears relatively sluggish.