[SMM Rare Earth Morning Meeting Summary] Suppliers Lower Quotes, Rare Earth Prices Stabilize

Published: Jan 9, 2025 09:39
[SMM Rare Earth Morning Meeting Summary: Suppliers Lower Quotations, Rare Earth Prices Stabilize] Yesterday, influenced by news factors, some suppliers began to actively lower their quotations, but separation plants' quotations remained relatively firm. Low-price transactions were mostly conducted by trading enterprises.

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SMM January 9 News:

Rare Earth Ore

Prices: The price of rare earth carbonate is approximately 32,400 yuan/mt, monazite is around 37,300 yuan/mt, and medium-yttrium, europium-rich ore standard ore is about 173,000 yuan/mt.

Supply and Demand: Currently, the mining market activity is relatively low, suppliers show limited willingness to sell, and overall trading sentiment remains subdued.

Rare Earth Oxides

Prices: The mainstream quotation range for Pr-Nd oxide is 400,000-401,000 yuan/mt; the transaction range for dysprosium oxide is around 1.62-1.64 million yuan/mt, and terbium oxide is quoted at approximately 5.79-5.85 million yuan/mt.

Supply and Demand: Yesterday, influenced by market news, some suppliers began to actively lower their quotations, but separation plants maintained relatively firm pricing. Low-price transactions were mostly conducted by trading enterprises.

Rare Earth Metals

Prices: The mainstream quotation for Pr-Nd alloy is approximately 490,000-495,000 yuan/mt, dysprosium-iron prices correspond to oxide quotations of around 1.57-1.6 million yuan/mt, and terbium metal is quoted at approximately 7.2-7.25 million yuan/mt.

Supply and Demand: Currently, metal transaction activity is relatively moderate. Metal plants mostly base their pricing on corresponding oxide quotations, and high-price transactions remain challenging.

Magnetic Materials

Prices: NdFeB blank prices for NdFeB blank N35 (Ce) are reported at 125-135 yuan/kg; NdFeB blank 38H prices are reported at 170-180 yuan/kg.

Supply and Demand: Yesterday, rare earth prices stabilized. The domestic NdFeB market is ramping up production to prepare for the upcoming Chinese New Year holiday. However, the foreign trade market has not seen a significant increase in orders following the New Year holiday. Industry insiders predict that the foreign trade market may remain sluggish before the Chinese New Year.

NdFeB Scrap

Prices: NdFeB scrap Pr-Nd prices are reported at 414-417 yuan/kg; NdFeB scrap dysprosium prices are reported at 1,559-1,580 yuan/kg; NdFeB scrap terbium prices are reported at 5,069-5,123 yuan/kg.

Supply and Demand: The scrap market has remained stable recently, with moderate selling sentiment. Many enterprises are choosing to retain inventory, waiting for post-holiday market changes to make decisions.

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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[SMM Rare Earth Morning Meeting Summary] Suppliers Lower Quotes, Rare Earth Prices Stabilize - Shanghai Metals Market (SMM)