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SMM News on May 22: Today, the overall price in the rare earth market remained relatively stable. Specifically, in the oxide market, the price of Pr-Nd oxide stabilized at 428,000 to 429,000 yuan per mt, dysprosium oxide at 1.61 million to 1.64 million yuan per mt, terbium oxide dropped to 7.02 million to 7.06 million yuan per mt, and gadolinium oxide at 164,000 to 166,000 yuan per mt. Holmium oxide prices stabilized at 510,000 to 515,000 yuan per mt, and erbium oxide prices continued to fluctuate between 300,000 and 305,000 yuan per mt.
In the metal market, the price of Pr-Nd alloy dropped to 525,000 to 529,000 yuan per mt today, dysprosium-iron alloy prices stabilized at 1.58 million to 1.59 million yuan per mt, and the quoted price of terbium metal dropped to 8.75 million to 8.8 million yuan per mt. Gadolinium-iron alloy prices stabilized at 158,000 to 161,000 yuan per mt, holmium-iron alloy prices stabilized at 520,000 to 525,000 yuan per mt, and lanthanum-cerium metal prices remained stable at 17,000 to 19,000 yuan per mt.
Currently, the overall price in the rare earth market remains stable. However, due to the lack of improvement in end-use market demand, the market sentiment is sluggish, with low trading activity and limited actual trading volume. Upstream separation plants, facing difficulties in raw material procurement, intend to refuse to budge on prices. Downstream magnetic material enterprises have received few orders and find it difficult to accept high-priced metals, prompting metal plants to lower their quotes. There is intense competition between upstream and downstream players, and the market is filled with wait-and-see sentiment. Overall, influenced by the weakness on both the supply and demand sides, the rare earth market has formed a stalemate between upstream and downstream, with prices temporarily holding steady. It is expected that in the short term, rare earth prices may drop back slightly.
