SMM Rare Earth Morning Meeting Summary: News Spread Rapidly, Rare Earth Prices Fluctuated Downward Overall

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SMM March 26 News:

Rare Earth Ore

Prices: Rare earth carbonate prices are around 35,900 yuan/mt, monazite prices are around 42,400 yuan/mt, and medium-yttrium, europium-rich ore prices are around 187,000 yuan/mt.

Supply and Demand: Currently, news of the imminent resumption of imports from Myanmar mines has led to a decrease in market sentiment among some industry players, with rare earth ore prices showing signs of weakness.

Rare Earth Oxides

Prices: The quotation range for Pr-Nd oxide is around 441,000-443,000 yuan/mt, the mainstream quotation range for dysprosium oxide is 1.64-1.65 million yuan/mt, and terbium oxide prices have been adjusted to around 6.48-6.5 million yuan/mt.

Supply and Demand: Yesterday, the news of the resumption of Myanmar mines further fermented, causing suppliers' confidence in the future market to become even more unstable, leading to active low-price sales. The price of Pr-Nd oxide slowed down its decline due to purchases by large factories, but the prices of dysprosium oxide and terbium oxide fell relatively faster.

Rare Earth Metals

Prices: The mainstream quotation range for Pr-Nd alloy is 542,000-543,000 yuan/mt, dysprosium-iron alloy prices are around 1.6-1.62 million yuan/mt, and terbium metal prices are around 8.08-8.12 million yuan/mt.

Supply and Demand: Currently, metal market prices have also experienced a certain degree of decline following the oxides, but in the overall weak market, downstream purchasing enthusiasm has further weakened, and inquiry activity has significantly decreased.

NdFeB Blank

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

Supply and Demand: Yesterday, rare earth prices showed a weak trend. The magnetic material market saw a significant increase in low inquiries, and market activity slightly improved. Most industry insiders hold a steady expectation for future trends.

NdFeB Scrap

Prices: Pr-Nd recycled from NdFeB scrap closed at 469-480 yuan/kg; dysprosium recycled from NdFeB scrap closed at 1,635-1,657 yuan/kg; terbium recycled from NdFeB scrap closed at 5,232-5,341 yuan/kg.

Supply and Demand: Yesterday, the scrap market performed weakly, with separation companies slightly lowering scrap purchase quotations, but even so, transactions were still difficult to reach. The market is filled with a strong wait-and-see sentiment, with both buyers and sellers mostly in a stalemate.