Traders' sentiment for selling was high, and the rare earth market prices were slightly weak. [SMM Rare Earth Daily Review]

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SMM, April 22: Today, the rare earth market prices showed a slight downward trend. Specifically, in the oxide market, the price of Pr-Nd oxide decreased to 414,000-415,000 yuan per mt, dysprosium oxide decreased to 1.63-1.65 million yuan per mt, terbium oxide dropped to 6.9-6.96 million yuan per mt, and gadolinium oxide decreased to 164,000-166,000 yuan per mt. The price of holmium oxide decreased to 480,000-485,000 yuan per mt, while erbium oxide fluctuated between 298,000-303,000 yuan per mt.

In the metal market, the price of Pr-Nd alloy decreased to 511,000-513,000 yuan per mt, dysprosium-iron alloy decreased to 1.61-1.62 million yuan per mt, terbium metal dropped to 8.8-8.85 million yuan per mt, and gadolinium-iron alloy decreased to 160,000-162,000 yuan per mt. The price of holmium-iron alloy remained stable at 490,000-495,000 yuan per mt, while lanthanum-cerium alloy fluctuated between 17,000-22,000 yuan per mt.

Currently, the rare earth market prices are generally showing a slight downward trend. Due to the significant increase in terbium prices in the previous period, many traders increased their inventories. As the market entered a cooling-off period for procurement, traders began to sell off their stocks to cash out, leading to a significant drop in terbium prices. Due to weak demand from downstream enterprises, market transactions were poor, and traders' selling sentiment was high. Therefore, the rare earth market is generally showing a slight downward trend. It is expected that in the short term, the rare earth market prices will continue to show a slight downward trend, but from a long-term perspective, there is still hope for a rebound in rare earth prices.