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SMM News on June 23: Today, the rare earth market operated with stable prices. Specifically, in the oxide market, the price of Pr-Nd oxide remained stable at 443,000-445,000 yuan/mt, dysprosium oxide at 1.625-1.635 million yuan/mt, terbium oxide at 7.12-7.18 million yuan/mt, and gadolinium oxide at 160,000-162,000 yuan/mt. Holmium oxide prices remained stable at 514,000-518,000 yuan/mt, while 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 543,000-547,000 yuan/mt today. Dysprosium-iron alloy prices remained stable at 1.57-1.58 million yuan/mt, terbium metal quotes at 8.8-8.85 million yuan/mt, gadolinium-iron alloy prices at 156,000-157,000 yuan/mt, holmium-iron alloy prices at 515,000-525,000 yuan/mt, and lanthanum-cerium metal prices remained stable at 17,000-19,000 yuan/mt.
Currently, the rare earth market is operating with stable prices. This is mainly due to the market being influenced by speculative news. After prices rose, wait-and-see sentiment increased in the market, with low activity in overall market offers and inquiries, and average actual trading volume. Meanwhile, as magnetic material enterprises have been restocking recently and end-use demand has not improved, their acceptance of high-priced metals remains average. Overall, market prices are maintaining stability at a high level, with strong wait-and-see sentiment and low activity in offers and inquiries. It is expected that in the short term, supported by costs, rare earth prices will be difficult to fall significantly.
