Market prices diverge, wait-and-see sentiment resurges [SMM Rare Earth Daily Review]

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SMM News on May 21: Today, the rare earth market prices showed a divergence between light and medium-heavy rare earths. Specifically, in the oxide market, the price of Pr-Nd oxide increased to 428,000-429,000 yuan/mt, the price of dysprosium oxide decreased to 1.61-1.64 million yuan/mt, the price of terbium oxide decreased to 7.05-7.1 million yuan/mt, and the price of gadolinium oxide decreased to 164,000-166,000 yuan/mt. The price of holmium oxide dropped to 510,000-515,000 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 remained stable at 527,000-529,000 yuan/mt today, the price of dysprosium-iron alloy was stable at 1.58-1.59 million yuan/mt, the quoted price of terbium metal decreased to 8.8-8.85 million yuan/mt, the price of gadolinium-iron alloy decreased to 158,000-161,000 yuan/mt, the market price of holmium-iron alloy decreased to 520,000-525,000 yuan/mt, and the price of lanthanum-cerium metal remained stable at 17,000-19,000 yuan/mt.

Currently, rare earth market prices are showing a divergence. Specifically, prices in the light rare earth market have remained stable, while the medium-heavy rare earth market continues to drop slightly. In the light rare earth market, the reduction of low-priced supply has led separation plants to intend to maintain stable prices. In the medium-heavy rare earth market, due to weak end-use demand, most magnetic material enterprises have adopted a strategy of inquiring and purchasing based on demand. Overall, rare earth market prices are showing a divergence. Future price trends will require close attention to changes in market supply and demand.