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SMM News on June 17: Today, the overall price in the rare earth market remained relatively stable. Specifically, in the oxide market, the price of Pr-Nd oxide slightly decreased to 440,000-442,000 yuan/mt, the price of dysprosium oxide remained stable at 1.62-1.63 million yuan/mt, the price of terbium oxide remained stable at 7.1-7.15 million yuan/mt, and the price of gadolinium oxide remained stable at 163,000-165,000 yuan/mt; the price of holmium oxide remained stable at 515,000-520,000 yuan/mt, and the price of erbium oxide continued to fluctuate between 300,000-305,000 yuan/mt.
In the metal market, the price of Pr-Nd alloy remained stable at 542,000-545,000 yuan/mt today, the price of dysprosium-iron alloy remained stable at 1.57-1.58 million yuan/mt, the quoted price of terbium metal remained stable at 8.8-8.9 million yuan/mt, the price of gadolinium-iron alloy remained stable at 158,000-159,000 yuan/mt, the market price of holmium-iron alloy remained stable at 524,000-528,000 yuan/mt, and the price of lanthanum-cerium alloy continued to remain stable at 17,000-19,000 yuan/mt.
Currently, the overall price in the rare earth market remains stable. Due to the lack of improvement in end-use demand, the order-taking situation of downstream magnetic material enterprises is average, with most enterprises adopting a just-in-time procurement strategy, and market inquiries are also average. However, as metal prices have reached a low level, the actual trading volume has improved compared to WoW. Influenced by the support from oxide prices, the metal market is unlikely to experience significant downward adjustments in the short term. Overall, the market price remains relatively stable, with a strong wait-and-see sentiment, and just-in-time procurement dominates. It is expected that in the short term, the market price will continue to remain stable.
