[SMM Rare Earth Morning Meeting Summary] Market trading sluggish, prices decline slightly

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SMM News on May 22:

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.

Rare Earth Oxides

Prices: The quotation range for Pr-Nd oxide is approximately 426,000-428,000 yuan/mt, the mainstream quotation range for dysprosium oxide is 1.6-1.63 million yuan/mt, and the quotation for terbium oxide has been adjusted to around 7-7.08 million yuan/mt.

Supply and Demand: Yesterday, the rare earth oxide market remained sluggish. Supported by costs, separation enterprises maintained firm quotations. Downstream procurement enthusiasm was low, with most market participants adopting a wait-and-see attitude towards the future development of rare earths, and trading was cautious.

Rare Earth Metals

Prices: The mainstream quotation range for Pr-Nd alloy is 527,000-529,000 yuan/mt, the quotation for dysprosium-iron alloy is approximately 1.57-1.58 million yuan/mt, and the quotation for terbium metal is around 8.75-8.8 million yuan/mt.

Supply and Demand: Recently, transactions in the rare earth raw material market have continued to be sluggish. Some market participants' confidence in the future market has diminished. Downstream magnetic material enterprises have poor order-taking situations. With the reduction in market demand for metal products, suppliers have begun to slightly lower their quotations.

NdFeB Blanks

Prices: NdFeB blank N38 (Ce) is quoted at 139-149 yuan/kg; NdFeB blank 40M is priced at 185-195 yuan/kg; NdFeB blank 40H is quoted at 189-199 yuan/kg; NdFeB blank 45SH (Ce) is priced at 239-259 yuan/kg.

Supply and Demand: Yesterday, influenced by the decline in Pr-Nd alloy prices and poor terminal order conditions, the quotation for blanks was lowered. Due to the lack of improvement in end-use demand, magnetic material enterprises have strong wait-and-see sentiment.

NdFeB Scrap

Prices: The price of Pr-Nd recycled from NdFeB scrap is quoted at 451-462 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, influenced by the continuous decline in oxide market prices, the circulation volume of scrap on the market decreased. Lacking price support, the price of Pr-Nd recycled from scrap continued to decline slightly.