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SMM News on May 14: Today, the rare earth market prices showed a trend of jumping initially and then pulling back. Specifically, in the oxide market, the price of Pr-Nd oxide dropped to 433,000-435,000 yuan/mt, the price of dysprosium oxide decreased to 1.65-1.66 million yuan/mt, the price of terbium oxide remained at 7.2-7.25 million yuan/mt, and the price of gadolinium oxide fell to 170,000-172,000 yuan/mt. The price of holmium oxide stayed at 520,000-525,000 yuan/mt, and the price of erbium oxide continued to fluctuate between 300,000-305,000 yuan/mt.
In the metal market, the price of Pr-Nd alloy dropped to 533,000-536,000 yuan/mt today, the price of dysprosium-iron alloy remained stable at 1.6-1.62 million yuan/mt, the quoted price of terbium metal stayed at 8.85-8.9 million yuan/mt, and the price of gadolinium-iron alloy fell to 166,000-168,000 yuan/mt. The market price of holmium-iron alloy remained stable at 530,000-535,000 yuan/mt, while the price of lanthanum-cerium metal continued to stabilize at 17,000-19,000 yuan/mt.
Currently, rare earth market prices have dropped back slightly. Affected by the significant increase in rare earth prices yesterday, this upward trend spread from the oxide market to the downstream magnetic material sector. However, due to the lack of significant improvement in end-use demand, magnetic material enterprises have low acceptance of high-priced metals, resulting in a cold market trading atmosphere. Most enterprises have adopted a strategy of inquiring about low-priced orders and purchasing as needed. Overall, weak end-use demand struggles to support sustained price increases, leading to today's pullback in rare earth prices after the initial jump. Future price trends still require close attention to changes in end-use demand.
