Suppliers Stand Firm on Quotes and Reluctant to Sell as Intense Back-and-Forth Negotiations Occur Between Upstream and Downstream [SMM Daily Review]

Published: Jan 07, 2025 11:59 (GMT+8)

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[SMM Daily Review: Suppliers Stand Firm on Quotes and Reluctant to Sell, Intense Back-and-Forth Negotiations Between Upstream and Downstream in the Market] Today, overall prices in the rare earth market continued to rise. According to SMM data, Pr-Nd oxide prices have been raised to 400,000-403,000 yuan/mt, while dysprosium oxide remained in the range of 1.63-1.64 million yuan/mt.

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SMM, January 7: Today, rare earth market prices continued to rise. According to SMM data, Pr-Nd oxide prices have been raised to 400,000-403,000 yuan/mt, dysprosium oxide remained in the range of 1.63-1.64 million yuan/mt, while terbium oxide increased to 5.8-5.85 million yuan/mt. Gadolinium oxide prices rose to 150,000-153,000 yuan/mt, and holmium oxide climbed to 410,000-415,000 yuan/mt.

In the metal market, Pr-Nd alloy prices increased to 491,000-495,000 yuan/mt, dysprosium-iron alloy rose to 1.58-1.6 million yuan/mt, and terbium metal prices surged to 7.18-7.22 million yuan/mt. Gadolinium-iron prices also increased to 148,000-150,000 yuan/mt, while lanthanum-cerium metal remained stable at 17,000-19,000 yuan/mt. Today, the rare earth market maintained a strong upward trend. Upstream suppliers held firm on their offers and were reluctant to sell, while downstream metal plants attempted to control costs through low-price inquiries. However, actual trading volume remained limited, and the tug-of-war between upstream and downstream players continued to be intense. SMM expects rare earth prices to maintain a strong short-term trend, driven by increased downstream stockpiling demand and related news.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

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