[SMM Rare Earth Morning Meeting Summary] Macro news impacts, market bullish sentiment resurges

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SMM News on May 13:

Rare Earth Ores

Prices: The price of rare earth carbonate is approximately 34,200 yuan/mt, monazite is priced at around 40,500 yuan/mt, and the standard price of medium-yttrium, europium-rich ore is about 185,000 yuan/mt.

Supply and Demand: Recently, rare earth ore prices have seen a slight increase compared to the previous period. Miners are not very active in selling, and downstream separation plants' purchase willingness is also relatively moderate.

Rare Earth Oxides

Prices: The quotation range for Pr-Nd oxide is approximately 424,000-426,000 yuan/mt. The mainstream quotation range for dysprosium oxide is 1.63-1.65 million yuan/mt, and the quotation for terbium oxide has been adjusted to around 7.1-7.18 million yuan/mt.

Supply and Demand: Yesterday, influenced by macro front factors, the rare earth oxide market saw a resurgence of bullish sentiment. Downstream purchase willingness increased, suppliers' quotations became firmer, and low-priced supplies became scarce in the market.

Rare Earth Metals

Prices: The mainstream quotation range for Pr-Nd alloy is 518,000-525,000 yuan/mt. The quotation for dysprosium-iron alloy is approximately 1.6-1.61 million yuan/mt, and the quotation for terbium metal is around 8.75-8.8 million yuan/mt.

Supply and Demand: Quotations in the metal market have further increased with market activity. Some industry participants have raised their expectations for future rare earth prices, leading to increased inquiry activity and trading volume of metal products.

NdFeB Blanks

Prices: NdFeB blank N38 (Ce) is quoted at 136-146 yuan/kg; NdFeB blank 40M is priced at 182-192 yuan/kg; NdFeB blank 40H is quoted at 186-196 yuan/kg; NdFeB blank 45SH (Ce) is priced at 236-256 yuan/kg.

Supply and Demand: Yesterday, influenced by macro front policy news, the magnetic material market was in a wait-and-see mood, anticipating the release of end-use demand and positive market news. Although prices did not change significantly, market sentiment for price increases improved.

NdFeB Scrap

Prices: Pr-Nd recycled from NdFeB scrap is quoted at 446-451 yuan/kg; dysprosium recycled from NdFeB scrap is priced at 1,584-1,606 yuan/kg; terbium recycled from NdFeB scrap is quoted at 5,225-5,445 yuan/kg.

Supply and Demand: Yesterday, despite a pullback in the price of Pr-Nd recycled from NdFeB scrap, influenced by macro front policy news, the bullish sentiment in the oxide market increased, and market trading activity warmed up.