[SMM Rare Earth Morning Meeting Summary] Pr-Nd and Dy-Tb fell across the board, metals followed the decline with stagnant transactions, and long-term contracts for magnetic materials squeezed out spot order demand.
[Pr-Nd and Dysprosium-Terbium Pull Back Across the Board, Metals Follow Lower with Stagnant Deals, Magnetic Material Long-Term Contracts Crowd Out Spot Orders] Yesterday, Pr-Nd oxide was pressured by weaker futures prices, with market wait-and-see sentiment rising. Suppliers' willingness to hold prices firm showed signs of easing, and quotes saw a slight correction. Downstream inquiries and purchases remained cautious, with actual transactions limited. Dysprosium oxide prices pulled back from highs, as downstream acceptance of high-priced supply was insufficient and inquiry activity declined, while suppliers showed a stronger willingness to sell at concessions. Terbium oxide prices also pulled back, with downstream purchasing cautious and overall market trading sentiment subdued.
![[SMM Rare Earth Morning Meeting Summary] Pr-Nd and Dy-Tb fell across the board, metals followed the decline with stagnant transactions, and long-term contracts for magnetic materials squeezed out spot order demand.](https://imgqn.smm.cn/usercenter/UoswK20251217171743.jpeg)
