Overall trading activity remains sluggish, with rare earth prices continuing to decline [SMM Rare Earth Daily Review]

》Check SMM rare earth quotes, data, and market analysis

》Subscribe to view historical price trends of SMM metal spot cargo

SMM News on June 12: Today, the rare earth market prices continued to drop slightly. Specifically, in the oxide market, the price of Pr-Nd oxide fell to 443,000-445,000 yuan/mt, dysprosium oxide to 1.625-1.635 million yuan/mt, terbium oxide to 7.15-7.2 million yuan/mt, and gadolinium oxide remained stable at 163,000-165,000 yuan/mt. Holmium oxide prices stabilized at 515,000-520,000 yuan/mt, and erbium oxide prices continued to fluctuate between 300,000-305,000 yuan/mt.

In the metal market, the price of Pr-Nd alloy dropped to 544,000-547,000 yuan/mt today, dysprosium-iron alloy to 1.58-1.6 million yuan/mt, and the quote for terbium metal remained stable at 8.8-8.9 million yuan/mt. Gadolinium-iron alloy prices stabilized at 158,000-159,000 yuan/mt, holmium-iron alloy prices at 524,000-528,000 yuan/mt, and lanthanum-cerium metal prices continued to stabilize at 17,000-19,000 yuan/mt.

Currently, rare earth market prices continue to drop slightly. There has been no significant improvement in the orders of downstream magnetic material enterprises, making it difficult for them to accept high-priced metals. Additionally, some enterprises still have inventory support, further suppressing the activity of market transactions, with low overall activity in both offers and inquiries. Affected by this, both metal and oxide prices have declined. In summary, despite the price corrections, they remain higher than the acceptable levels for magnetic material enterprises, and the relationship between upstream and downstream in the market remains tense. It is expected that in the short term, if end-use demand continues to be weak, rare earth prices may maintain a slight downward trend.