[SMM Rare Earth Morning Meeting Summary] The market was sluggish at the beginning of the week, with rare earth prices remaining stable

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SMM News on May 20:

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 430,000-434,000 yuan/mt, the mainstream quotation range for dysprosium oxide is 1.63-1.64 million yuan/mt, and the quotation for terbium oxide has been adjusted to around 7.2-7.23 million yuan/mt.

Supply and Demand: Yesterday, the overall rare earth market prices were slightly in the doldrums. Upstream separation enterprises maintained firm quotations, but downstream purchase willingness was weak, resulting in fewer market transactions. Most market participants had a strong wait-and-see sentiment.

Rare Earth Metals

Prices: The mainstream quotation range for Pr-Nd alloy is 530,000-532,000 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 8.9-8.98 million yuan/mt.

Supply and Demand: The market was relatively sluggish at the beginning of the week. Yesterday, metal factories had low enthusiasm for offering quotations, and the atmosphere for downstream inquiries and purchases was also relatively sluggish. Market trading activity was low, with intense back-and-forth negotiations between upstream and downstream. It is expected that rare earth raw material prices will fluctuate relatively little in the near future.

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: On Monday, market inquiry and quotation activity was low, and market transactions were sluggish, with a decrease in actual trading volume. Due to no significant changes in the supply-demand pattern, the order-taking situation of magnetic material enterprises has not improved.

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 reported at 1,606-1,628 yuan/kg; the price of terbium recycled from NdFeB scrap is reported at 5,335-5,445 yuan/kg.

Supply and Demand: On Monday, the overall rare earth market transactions were sluggish, with low trading activity in the oxide market and a strong wait-and-see sentiment in the scrap market.