Supplier Quotes Are on the High Side, Actual Transactions in the Rare Earth Market Are Sluggish [[SMM] Rare Earth Daily Review]

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SMM News on May 8: Today, the rare earth market prices showed an overall trend of stabilization. Specifically, in the oxide market, the price of Pr-Nd oxide continued to rise to 417,000-419,000 yuan/mt, the price of dysprosium oxide remained stable at 1.6-1.62 million yuan/mt, the price of terbium oxide also increased to 6.88-6.94 million yuan/mt, and the price of gadolinium oxide slightly rose to 165,000-167,000 yuan/mt. The price of holmium oxide also increased to 510,000-515,000 yuan/mt, and the price of erbium oxide continued to fluctuate between 298,000-303,000 yuan/mt.

In the metal market, the price of Pr-Nd alloy rose to 510,000-515,000 yuan/mt today, the price of dysprosium-iron alloy remained stable at 1.57-1.58 million yuan/mt, the quoted price of terbium metal increased to 8.46-8.5 million yuan/mt in line with the market, the price of gadolinium-iron alloy also rose to 160,000-164,000 yuan/mt, the market price of holmium-iron alloy adjusted to 515,000-525,000 yuan/mt in line with the oxide, and the price of lanthanum-cerium metal remained stable at 17,000-19,000 yuan/mt.

Currently, the overall prices in the rare earth market have risen somewhat. Driven by news factors, suppliers continue to quote higher prices, and the availability of low-priced goods is rapidly tightening. However, from the demand perspective, the order-taking situation of downstream magnetic material enterprises remains poor. Given the difficulty in selling at high prices, metal factories also find it hard to accept high-priced oxides. The actual transaction situation in the market is very sluggish, with most transactions being inquiries for low-priced goods and purchasing as needed. Overall, the back-and-forth negotiations between upstream and downstream in the rare earth market are intense, and most market participants still have a strong wait-and-see sentiment. It is expected that rare earth prices will find it difficult to continue rising significantly.