[SMM Rare Earth Morning Meeting Summary] Rare earth prices remain stable, wait-and-see sentiment resurges

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SMM News on May 14:

Rare Earth Ores

Prices: The price of rare earth carbonate is approximately 35,100 yuan/mt, monazite is priced at around 41,300 yuan/mt, and the standard ore price of medium-yttrium, europium-rich ore is about 189,500 yuan/mt.

Supply and Demand: Recently, rare earth ore prices have increased compared to the previous period. Miners are more reluctant to sell at higher prices, resulting in lower enthusiasm for shipping goods.

Rare Earth Oxides

Prices: The quotation range for Pr-Nd oxide is approximately 433,000-435,000 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 7.2-7.25 million yuan/mt.

Supply and Demand: Yesterday afternoon, the price fluctuations of rare earth oxides were relatively small. Despite difficulties in raw material procurement, suppliers remained firm in their quotations. However, the purchasing enthusiasm of downstream buyers decreased, making it difficult to close deals at high market prices.

Rare Earth Metals

Prices: The mainstream quotation range for Pr-Nd alloy is 532,000-536,000 yuan/mt, the quotation for dysprosium-iron alloy is approximately 1.6-1.62 million yuan/mt, and the quotation for terbium metal is around 8.9-8.95 million yuan/mt.

Supply and Demand: Quotations from metal plants have remained relatively stable, with low market trading activity. As the weekend approaches, it is expected that there will be no significant changes in the activity of market quotations and inquiries, and rare earth metal prices may continue to remain stable.

NdFeB Blanks

Prices: NdFeB blank N38 (Ce) is quoted at 140-150 yuan/kg; NdFeB blank 40M is priced at 186-196 yuan/kg; NdFeB blank 40H is quoted at 190-200 yuan/kg; NdFeB blank 45SH (Ce) is priced at 240-260 yuan/kg.

Supply and Demand: Yesterday, magnetic material enterprises were constrained by the high cost of metals and had to increase blank prices. However, due to the lack of improvement in end-use demand, the market's acceptance of high-priced blanks was average, and actual trading activity was sluggish.

NdFeB Scrap

Prices: The price of Pr-Nd recycled from NdFeB scrap is quoted at 462-468 yuan/kg; the price of dysprosium recycled from NdFeB scrap is quoted at 1,606-1,628 yuan/kg; the price of terbium recycled from NdFeB scrap is quoted at 5,335-5,445 yuan/kg.

Supply and Demand: Yesterday, the scrap market prices remained stable. Due to the undersupply in the scrap market, the scrap market prices were not affected by the slight pullback in oxide prices.