[SMM Rare Earth Morning Meeting Summary] Suppliers Firm in Quotations, Rare Earth Prices Remain Stable

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SMM March 6 News:

Rare Earth Ore

Prices: Rare earth carbonate prices are approximately 35,700 yuan/mt, monazite prices are around 41,900 yuan/mt, and medium-yttrium, europium-rich ore standard ore prices are about 188,500 yuan/mt.

Supply and Demand: Currently, supply at the mining end remains relatively tight, and suppliers show moderate willingness to sell.

Rare Earth Oxides

Prices: The quotation range for Pr-Nd oxide is approximately 439,000-442,000 yuan/mt, mainstream quotations for dysprosium oxide are in the range of 1.69-1.71 million yuan/mt, and terbium oxide prices have been adjusted to around 6.45-6.55 million yuan/mt.

Supply and Demand: Separation plants maintain firm quotations with low willingness to sell at lower prices, but some traders in the market are offering at lower prices. The actual transaction prices for rare earth oxides have slightly declined, but the overall fluctuation range is relatively small.

Rare Earth Metals

Prices: The mainstream quotation range for Pr-Nd alloy is 538,000-542,000 yuan/mt, dysprosium-iron alloy prices are approximately 1.65-1.66 million yuan/mt, and terbium metal prices are about 8.08-8.13 million yuan/mt.

Supply and Demand: Metal plants show low enthusiasm for offering, and the market trading atmosphere is subdued. As the weekend approaches, the activity of inquiries and offers in the market has further decreased, with actual trading volumes remaining relatively low.

NdFeB Magnetic Materials

Prices: NdFeB blank prices are as follows: NdFeB blank N38 (Ce) is quoted at 145-155 yuan/kg; NdFeB blank 40M is quoted at 191-201 yuan/kg; NdFeB blank 40H is quoted at 195-205 yuan/kg; NdFeB blank 45SH (Ce) is quoted at 245-265 yuan/kg.

Supply and Demand: Currently, the magnetic material market continues to operate on a purchasing-as-needed basis. The order prices received by enterprises are generally lower than the market average, with intense market competition. Enterprises are generally adopting a wait-and-see attitude.

NdFeB Scrap

Prices: Prices for PrNd recycled from NdFeB scrap are quoted at 458-469 yuan/kg; prices for dysprosium recycled from NdFeB scrap are quoted at 1,635-1,657 yuan/kg; prices for terbium recycled from NdFeB scrap are quoted at 5,287-5,341 yuan/kg.

Supply and Demand: Yesterday, the overall market for scrap remained stable, with most enterprises' quotations showing no significant changes. Actual prices varied slightly depending on different compositions. The overall trading atmosphere was relatively subdued, with manufacturers holding relatively sufficient inventories. Procurement strategies mainly focused on replenishing inventory at lower prices.