[SMM Rare Earth Morning Meeting Summary] Rare Earth Product Prices Are Relatively Stable With Weak Trend, Pr-Nd Prices Fluctuate Slightly

Published: Feb 13, 2025 09:54

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[SMM Rare Earth Morning Brief: Rare Earth Product Prices Relatively Stable With Weak Trend, Pr-Nd Prices Fluctuate Rangebound] Yesterday, rare earth product prices overall fluctuated relatively stable with a weak trend, with Pr-Nd prices mainly fluctuating rangebound and showing relatively small overall volatility. Suppliers showed low willingness to sell at lower prices, and rare earth oxide prices are expected to remain relatively stable in the coming days.

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SMM February 13 News:

Rare Earth Ore

Prices: The price of rare earth carbonate is approximately 35,300 yuan/mt, monazite is around 39,900 yuan/mt, and medium-yttrium, europium-rich ore standard ore is about 186,000 yuan/mt.

Supply and Demand: Currently, the supply of rare earth raw ore remains tight, suppliers show low willingness to sell, and market ore sources are difficult to find.

Rare Earth Oxides

Prices: The mainstream quotation range for Pr-Nd oxide is 434,000-436,000 yuan/mt; the trading range for dysprosium oxide is around 1.71-1.73 million yuan/mt, and the quotation for terbium oxide is approximately 6.1-6.15 million yuan/mt.

Supply and Demand: Yesterday, rare earth product prices overall fluctuated downward with a relatively stable trend. Pr-Nd prices mainly fluctuated rangebound with relatively small overall volatility. Suppliers showed low willingness to sell at lower prices, and rare earth oxide prices are expected to remain relatively stable in the coming days.

Rare Earth Metals

Prices: The mainstream quotation for Pr-Nd alloy is approximately 535,000-540,000 yuan/mt, dysprosium-iron prices corresponding to oxide quotations are around 1.68-1.7 million yuan/mt, and terbium metal quotations are about 7.55-7.6 million yuan/mt.

Supply and Demand: Yesterday, the festive atmosphere was strong, and both inquiry and quotation volumes in the market were quieter compared to previous days. Under these circumstances, rare earth metal prices remained relatively stable overall.

Magnetic Materials

Prices: NdFeB blank prices—NdFeB blank N38 (Ce) closed at 139-149 yuan/kg; NdFeB blank 40M closed at 185-195 yuan/kg; NdFeB blank 40H closed at 189-199 yuan/kg; NdFeB blank 45SH (Ce) closed at 239-259 yuan/kg.

Supply and Demand: Yesterday, inquiry and quotation activities in the rare earth market remained active. However, magnetic material enterprises remained cautious in procurement, adhering to a purchasing-as-needed strategy due to concerns that downstream orders might not increase significantly after the holiday, potentially leading to price declines.

NdFeB Scrap

Prices: NdFeB scrap Pr-Nd prices closed at 447-457 yuan/kg; NdFeB scrap dysprosium prices closed at 1,608-1,635 yuan/kg; NdFeB scrap terbium prices closed at 5,109-5,137 yuan/kg.

Supply and Demand: Yesterday, the oxide market stabilized, and the initiative to supply scrap decreased, with market sentiment leaning towards observation. As the risk of price increases grew, participants showed less willingness to chase higher prices, resulting in mediocre trading volume.

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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