【SMM Rare Earth Morning Meeting Summary】Rare Earth Prices Slightly Declined, Market Transactions Were Weak

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SMM April 16 News:

Rare Earth Ore

Prices: The price of rare earth carbonate is around 3.48 million yuan/mt, monazite is about 42,300 yuan/mt, and medium-yttrium, europium-rich ore is approximately 189,500 yuan/mt.

Supply and Demand: Currently, suppliers in the rare earth ore sector are heavily cautious, with a relatively low willingness to sell, and the ore prices remain stable.

Rare Earth Oxides

Prices: The quotation range for Pr-Nd oxide is around 429,000-430,000 yuan/mt, the mainstream quotation range for dysprosium oxide is 1.69-1.7 million yuan/mt, and the quotation for terbium oxide has been adjusted to approximately 7.25-7.3 million yuan/mt.

Supply and Demand: Yesterday, the overall price center of mainstream rare earth products experienced a slight decline, but the overall change was relatively small. Separation plants maintained firm quotations, and some traders reported lower-priced transactions, but the overall trading volume was not significant.

Rare Earth Metals

Prices: The mainstream quotation range for Pr-Nd alloy is 525,000-530,000 yuan/mt, the quotation for dysprosium-iron alloy is about 1.65-1.67 million yuan/mt, and the quotation for terbium metal is approximately 8.9-9 million yuan/mt.

Supply and Demand: Yesterday, the price of Pr-Nd alloy showed slight weakness due to weak downstream procurement demand. Some regions reported low-price transactions, but most metal prices remained largely unchanged under significant raw material cost pressure.

NdFeB Blank

Prices: NdFeB blank N38 (Ce) was quoted at 142-152 yuan/kg; NdFeB blank 40M was quoted at 188-198 yuan/kg; NdFeB blank 40H was quoted at 192-202 yuan/kg; NdFeB blank 45SH (ce) was quoted at 242-262 yuan/kg.

Supply and Demand: Yesterday, as upstream raw material prices weakened, market inquiry activity slightly increased. In the magnetic material market, there were more tentative low-price inquiries, but actual low-price transactions remained scarce.

NdFeB Scrap

Prices: Pr-Nd recycled from NdFeB scrap was quoted at 440-451 yuan/kg; dysprosium recycled from NdFeB scrap was quoted at 1,609-1,635 yuan/kg; terbium recycled from NdFeB scrap was quoted at 5,287-5,341 yuan/kg.

Supply and Demand: Currently, the scrap market showed mediocre performance with low trading volume. Suppliers generally maintained a wait-and-see attitude, unwilling to sell at low prices, and the stalemate may continue in the short term.