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SMM June 25 News: Today, the rare earth market prices have polarized. Specifically, in the oxide market, the price of Pr-Nd oxide remained stable at 444,000-446,000 yuan/mt, the price of dysprosium oxide slightly decreased to 1.615-1.625 million yuan/mt, the price of terbium oxide slightly decreased to 7.1-7.13 million yuan/mt, and the price of gadolinium oxide remained stable at 160,000-162,000 yuan/mt; the price of holmium oxide remained stable at 514,000-518,000 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 543,000-547,000 yuan/mt, the price of dysprosium-iron alloy slightly decreased to 1.56-1.58 million yuan/mt, the quoted price of terbium metal remained stable at 8.8-8.85 million yuan/mt, the price of gadolinium-iron alloy remained stable at 156,000-157,000 yuan/mt, the market price of holmium-iron alloy remained stable at 515,000-525,000 yuan/mt, and the price of lanthanum-cerium alloy continued to remain stable between 17,000-19,000 yuan/mt.
Currently, the rare earth market prices have shown a clear polarization: the prices in the light rare earth market have remained stable, while the prices in the medium-heavy rare earth market have significantly pulled back. The main reason is that the transactions in the medium-heavy rare earth market have stalled, and suppliers have actively lowered their quotes to test market sentiment. Due to weak end-use demand, magnetic material enterprises have reduced their demand for medium-heavy rare earths, resulting in a decrease in actual market trading volume. In the light rare earth market, the quotes in the oxide market have remained firm, and metal factories, constrained by cost pressure, have maintained stable quotes. However, market inquiries and transactions have been sluggish. Overall, weak end-use demand has led magnetic material enterprises to have a general acceptance of high-priced metals, and the market sentiment is characterized by a strong wait-and-see attitude. It is expected that in the short term, rare earth prices will remain largely stable.
