Today, rare earth market prices showed an overall downward trend. According to SMM data, the main trading price of Pr-Nd oxide dropped to 405,000-410,000 yuan/mt, dysprosium oxide fell to 1.65-1.67 million yuan/mt, terbium oxide adjusted to 5.73-5.77 million yuan/mt, gadolinium oxide decreased to 165,000-167,000 yuan/mt, and holmium oxide was adjusted down to 495,000-500,000 yuan/mt.
The main trading price of Pr-Nd alloy remained at 510,000-514,000 yuan/mt. Influenced by market news, the trading sentiment in the rare earth market was sluggish, with few active quotations from upstream suppliers. Enterprises adopted a wait-and-see attitude towards market development, awaiting clearer directions. Meanwhile, downstream magnet manufacturers hoped to purchase at lower prices, but metal factories were reluctant to sell at low prices. The market was dominated by tentative inquiries, with actual trading volume being minimal. Some scrap factories lowered scrap prices following the decline in oxide prices, exacerbating the inversion of scrap prices. According to SMM analysis, under the current influence of market news, most industry participants have a pessimistic outlook for the market. Some suppliers actively quoted lower prices, and rare earth prices are expected to continue their downward trend.
