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SMM News on May 29: Today, the overall price of the rare earth market remained stable. Specifically, in the oxide market, the price of Pr-Nd oxide remained stable at 434,000 to 435,000 yuan per mt, the price of dysprosium oxide decreased to 1.61 million to 1.62 million yuan per mt, the price of terbium oxide decreased to 7.1 million to 7.15 million yuan per mt, and the price of gadolinium oxide decreased to 163,000 to 165,000 yuan per mt. The price of holmium oxide remained stable at 513,000 to 517,000 yuan per mt, and the price of erbium oxide continued to fluctuate between 300,000 to 305,000 yuan per mt.
In the metal market, the price of Pr-Nd alloy remained stable at 530,000 to 525,000 yuan per mt today, the price of dysprosium-iron alloy remained stable at 1.58 million to 1.59 million yuan per mt, the quoted price of terbium metal remained stable at 8.75 million to 8.85 million yuan per mt, the price of gadolinium-iron alloy remained stable at 158,000 to 161,000 yuan per mt, the market price of holmium-iron alloy remained stable at 522,000 to 526,000 yuan per mt, and the price of lanthanum-cerium alloy remained stable at 17,000 to 19,000 yuan per mt.
Currently, the price of the rare earth market has basically remained stable, with a steady market performance. Upstream suppliers have maintained firm quotes, and metal prices have remained stable due to support from raw material costs. However, downstream magnetic material enterprises have seen poor order conditions and weak purchase willingness, resulting in a stalemate in the back-and-forth negotiations between upstream and downstream. Overall trading activity has been average, and the market has been sluggish. It is expected that rare earth prices will continue to remain stable in the short term.
