China’s rare earth exports dropped 33.6% in May

[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.

[SMM Rare Earth Daily Review: Rare earth market Pr-Nd consolidates, prices overall stable] Overall, the market today continued the pattern of "unchanged quotes, subdued trading": the cost side lacked directional guidance, with the market moving sideways for two consecutive days as both upstream and downstream remained in a wait-and-see stance. On the transaction side, Pr-Nd products were dominated by small rigid-demand orders, with actual negotiations centered on low-priced cargoes; the terbium series saw limited room for price concessions, with deals settling at the lower end, while inquiries for other varieties remained steady. In the short term, pre-holiday stockpiling expectations and cost support together form the lower bound for Pr-Nd prices, but an upward breakout still requires downstream actual order fulfillment and acceptance of high-priced cargoes. Pr-Nd prices are likely to drift higher within a narrow range.