[SMM rare Earth Daily Review 07.24] weak demand rare earth products prices still have room for downward

[SMM Rare Earth Daily Review: Rare earth market prices in the doldrums, actual transactions struggle to gain traction] Overall, the market shifted from yesterday's consolidation to a weaker trend today, with declines concentrated mainly in the terbium and Pr-Nd series. The transaction side remained sluggish, with downstream demand dominated by small rigid orders and actual negotiations centered around low-priced cargoes, while inquiries for other varieties stayed steady. In the short term, with the Mid-Autumn Festival holiday approaching, pre-holiday stockpiling expectations still exist, but both the cost side and transaction side have weakened, and Pr-Nd prices may move sideways within a narrow range. Whether the upward momentum can follow through still depends on the pace of stockpiling demand release from magnetic material enterprises.

[Pr-Nd oxide consolidates on a subdued note in the afternoon with more seller concessions, dysprosium stable while terbium holds at lows, magnetic material activity moderate] Yesterday, Pr-Nd oxide was affected by fluctuations in futures prices. In the afternoon, seller concessions increased somewhat, while magnetic material enterprises showed weak willingness to enter the market. Low-priced sources remained the mainstay of transactions, with actual shipments limited. Dysprosium oxide quotes held steady, with limited inquiries and sporadic deals. Terbium oxide high-level offers still struggled to find takers, and suppliers made slight price concessions to facilitate shipments, with actual negotiated prices on the lower side.