Market trading is sluggish, with strong wait-and-see sentiment [SMM Rare Earth Daily Review]

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SMM News on May 19: Today, the overall price of the rare earth market remained stable. Specifically, in the oxide market, the price of Pr-Nd oxide decreased to 432,000 to 435,000 yuan/mt, the price of dysprosium oxide remained stable at 1.64 million to 1.65 million yuan/mt, the price of terbium oxide decreased to 7.17 million to 7.23 million yuan/mt, and the price of gadolinium oxide decreased to 165,000 to 167,000 yuan/mt. The price of holmium oxide decreased to 518,000 to 522,000 yuan/mt, and the price of erbium oxide continued to fluctuate between 300,000 to 305,000 yuan/mt.

In the metal market, the price of Pr-Nd alloy decreased to 531,000 to 535,000 yuan/mt today, the price of dysprosium-iron alloy remained stable at 1.6 million to 1.62 million yuan/mt, the quoted price of terbium metal remained stable at 8.9 million to 8.98 million yuan/mt, the price of gadolinium-iron alloy decreased to 160,000 to 164,000 yuan/mt, the market price of holmium-iron alloy decreased to 528,000 to 532,000 yuan/mt, and the price of lanthanum-cerium metal remained stable at 17,000 to 19,000 yuan/mt.

Currently, the overall price of the rare earth market remains stable. Today, the activity of inquiries and quotations was low, market transactions were sluggish, and actual trading volume decreased. After the market returned to rationality, some industry insiders found that the supply-demand pattern had not changed significantly, which weakened their confidence in the future market and led to a strong wait-and-see sentiment. Overall, it is expected that the price of the rare earth market will continue to maintain this stable trend in the short term.