[SMM Rare Earth Morning Meeting Summary] Suppliers Cut Prices to Dump Goods, Oxide Prices Fluctuate Downward

Published: Feb 14, 2025 09:37

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[SMM Rare Earth Morning Meeting Summary: Suppliers Lower Prices to Offload Goods, Oxide Prices Fluctuate Downward] Yesterday, rare earth oxide prices continued to fluctuate downward slightly. Some suppliers lowered prices to offload goods due to weak downstream inquiry activity, resulting in a downward trend in the actual transaction prices of rare earth oxides.

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SMM February 14 News:

Rare Earth Ore

Prices: Rare earth carbonate prices were approximately 35,200 yuan/mt, monazite prices were around 39,900 yuan/mt, and medium-yttrium, europium-rich ore benchmark prices were about 185,500 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 was 433,000-434,000 yuan/mt; dysprosium oxide's mainstream transaction price was around 1.7 million yuan/mt, and terbium oxide prices were approximately 6.1-6.13 million yuan/mt.

Supply and Demand: Yesterday, rare earth oxide prices continued to fluctuate downward slightly. Some suppliers, facing low inquiry activity from downstream buyers, reduced prices to sell, leading to a downward trend in actual transaction prices for rare earth oxides.

Rare Earth Metals

Prices: The mainstream quotation for Pr-Nd alloy was approximately 532,000-535,000 yuan/mt, dysprosium-iron prices corresponding to oxide quotations were around 1.68-1.7 million yuan/mt, and terbium metal prices were about 7.55-7.6 million yuan/mt.

Supply and Demand: Yesterday, metal manufacturers provided fewer quotations and showed limited willingness to sell actively. The purchasing sentiment among magnetic material enterprises was also relatively subdued, with low market trading activity and minimal overall price fluctuations for metals.

Magnetic Materials

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

Supply and Demand: Yesterday, the rare earth market saw low inquiry and quotation activity, with a strong market sentiment of caution. Downstream order growth was not significant, and magnetic material enterprises currently have sufficient inventory, resulting in low purchasing enthusiasm.

NdFeB Scrap

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

Supply and Demand: Yesterday, the scrap market's overall quotations remained stable, with some improvement in transaction activity. Mainstream prices showed slight fluctuations.

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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