Check SMM Rare Earth Prices, Data, and Market Analysis
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SMM June 3rd: Today, the overall rare earth market prices remained stable. Specifically, in the oxide market, Pr-Nd oxide prices were steady at 437,000 to 439,000 yuan per mt, dysprosium oxide prices increased to 1.62 million to 1.64 million yuan per mt, terbium oxide prices were stable at 7.16 million to 7.2 million yuan per mt, gadolinium oxide prices remained at 163,000 to 165,000 yuan per mt; holmium oxide prices were stable at 513,000 to 517,000 yuan per mt, erbium oxide prices continued to fluctuate between 300,000 and 305,000 yuan per mt.
In the metal market, Pr-Nd alloy prices today increased to 535,000 to 540,000 yuan per mt, dysprosium-iron alloy prices were stable at 1.58 million to 1.59 million yuan per mt, terbium metal prices were stable at 8.8 million to 8.9 million yuan per mt, gadolinium-iron alloy prices were stable at 158,000 to 161,000 yuan per mt, holmium-iron market prices increased to 524,000 to 528,000 yuan per mt, and lanthanum-cerium metal prices continued to be stable between 17,000 and 19,000 yuan per mt.
Currently, the rare earth market prices are basically stable. After the Dragon Boat Festival, the overall market sentiment was weak. Oxide market prices were supported by costs, maintaining high levels. The metal market saw a slight increase in trading activity due to restocking by magnetic material enterprises. However, with no significant improvement in end-use demand, the order-taking situation for magnetic materials was average, and restocking behavior mainly involved small-scale purchases as needed, leading to a strong wait-and-see sentiment in the market. Overall, with no significant changes in the supply-demand pattern, most industry players adopted a wait-and-see attitude, awaiting further market developments. It is expected that rare earth prices will remain stable in the short term.
