[SMM Rare Earth Morning Meeting Summary] Rare earth prices remain stable, market transactions are sluggish

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SMM News on May 7:

Rare Earth Ores

Prices: The price of rare earth carbonate is approximately 33,300 yuan/mt, monazite is priced at around 39,400 yuan/mt, and the standard ore price of medium-yttrium, europium-rich ore is about 179,500 yuan/mt.

Supply and Demand: Currently, the overall prices of rare earth ores are relatively stable. Both upstream and downstream players are adopting a wait-and-see attitude, and market purchases are not active.

Rare Earth Oxides

Prices: The quotation range for Pr-Nd oxide is approximately 411,000-413,000 yuan/mt. The mainstream quotations for dysprosium oxide are in the range of 1.6-1.61 million yuan/mt, and the quotations for terbium oxide have been adjusted to around 6.72-6.75 million yuan/mt.

Supply and Demand: Yesterday, the market was characterized by a strong wait-and-see atmosphere. Suppliers were not enthusiastic about making offers, mostly maintaining quotations from before the holiday. Actual trading volume was low, and transaction prices remained relatively stable without significant fluctuations.

Rare Earth Metals

Prices: The mainstream quotation range for Pr-Nd alloy is 502,000-506,000 yuan/mt. The quotation for dysprosium-iron alloy is approximately 1.56-1.58 million yuan/mt, and the quotation for terbium metal is around 8.36-8.4 million yuan/mt.

Supply and Demand: Quotations from metal manufacturers have been relatively stable. Although the enthusiasm for inquiries from downstream players is not high, given the relatively stable prices of oxides, metal product prices have also remained firm. However, actual market transactions have been sluggish.

NdFeB Blanks

Prices: NdFeB blank N38 (Ce) is quoted at 135-145 yuan/kg; NdFeB blank 40M is priced at 178-191 yuan/kg; NdFeB blank 40H is quoted at 185-195 yuan/kg; NdFeB blank 45SH (Ce) is priced at 235-255 yuan/kg.

Supply and Demand: On the first day after the holiday, the magnetic material market has been relatively stable, with general trading activity. Affected by weak end-use demand and high inventory levels from stockpiling before the holiday, enterprises are adopting a wait-and-see attitude.

NdFeB Scrap

Prices: The price of Pr-Nd recycled from NdFeB scrap is quoted at 429-440 yuan/kg; the price of dysprosium recycled from NdFeB scrap is quoted at 1,584-1,606 yuan/kg; the price of terbium recycled from NdFeB scrap is quoted at 5,115-5,335 yuan/kg.

Supply and Demand: After the holiday, the scrap market has shown stability, with overall prices trending flat. Affected by the general trading activity in the oxide and magnetic material markets, the scrap market has been sluggish, with a strong wait-and-see sentiment.