SMM Rare Earth Morning Meeting Summary: Rare Earth Quotations Remain Stable, Back-and-Forth Negotiations Between Upstream and Downstream at a Stalemate

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SMM April 3 News:

Rare Earth Ore

Prices: Rare earth carbonate prices were around 36,000 yuan/mt, monazite prices were around 42,200 yuan/mt, and medium-yttrium, europium-rich ore prices were around 188,000 yuan/mt.

Supply and Demand: Currently, suppliers of Myanmar ore still have a strong reluctance to sell, and the actual reserves of local inventory ore are not high, resulting in a sluggish trading atmosphere in the rare earth ore market.

Rare Earth Oxides

Prices: The quotation range for Pr-Nd oxide was around 441,000-443,000 yuan/mt, the mainstream quotation range for dysprosium oxide was 1.66-1.67 million yuan/mt, and terbium oxide prices were adjusted to around 6.57-6.63 million yuan/mt.

Supply and Demand: Yesterday, rare earth oxide prices remained generally stable; Pr-Nd oxide prices showed no significant fluctuations, while dysprosium oxide and terbium oxide prices slightly increased. Overall, suppliers' quotations remained firm, but downstream buyers' purchase willingness was low, and the actual trading volume in the market showed no significant growth.

Rare Earth Metals

Prices: The mainstream quotation range for Pr-Nd alloy was 540,000-544,000 yuan/mt, dysprosium-iron alloy prices were around 1.61-1.62 million yuan/mt, and terbium metal prices were around 8.09-8.15 million yuan/mt.

Supply and Demand: Metal manufacturers' quotations remained stable. As the holiday approached, downstream buyers' inquiry activity continued to decline. However, with limited low-priced sources in the market, the back-and-forth negotiations between upstream and downstream remained deadlocked, resulting in a sluggish trading atmosphere in the metal market.

NdFeB Blank

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

Supply and Demand: Currently, the follow-up order volume of magnetic material enterprises has decreased, leading to a decline in market purchase willingness, and the overall market sentiment is dominated by a strong wait-and-see attitude.

NdFeB Scrap

Prices: Pr-Nd recycled from NdFeB scrap was quoted at 469-474 yuan/kg; dysprosium recycled from NdFeB scrap was quoted at 1,613-1,635 yuan/kg; terbium recycled from NdFeB scrap was quoted at 5,232-5,341 yuan/kg.

Supply and Demand: Currently, the mainstream quotations in the scrap market remained stable, and manufacturers' inventories were very sufficient, with no significant price increase trend yet. Most enterprises prefer to make purchases when prices are lower.