Suppliers sell off inventory to cash in, and rare earth prices decline slightly [SMM Rare Earth Daily Review]

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SMM News on June 27: Today, the rare earth market prices are slightly in the doldrums. Specifically, in the oxide market, the price of Pr-Nd oxide has slightly decreased to 444,000-445,000 yuan/mt, the price of dysprosium oxide has slightly decreased to 1.61-1.62 million yuan/mt, the price of terbium oxide has remained stable at 7.08-7.1 million yuan/mt, and the price of gadolinium oxide has slightly decreased to 162,000-164,000 yuan/mt; the price of holmium oxide has remained stable at 514,000-518,000 yuan/mt, and the price of erbium oxide has continued to fluctuate within the range of 300,000-303,000 yuan/mt.

In the metal market, the price of Pr-Nd alloy has slightly decreased to 542,000-546,000 yuan/mt, the price of dysprosium-iron alloy has remained stable at 1.56-1.58 million yuan/mt, the quoted price of terbium metal has slightly decreased to 8.8-8.85 million yuan/mt, the price of gadolinium-iron alloy has remained stable at 156,000-157,000 yuan/mt, the market price of holmium-iron alloy has remained stable at 515,000-525,000 yuan/mt, and the price of lanthanum-cerium metal has continued to remain stable within the range of 17,000-19,000 yuan/mt.

Currently, the rare earth market prices have slightly declined, mainly due to the impact of some suppliers reducing prices and selling off their inventory to cash in as the month-end approaches, resulting in a decrease in market transaction prices. However, due to the difficulty in purchasing low-priced ore raw materials by separation plants, the quotes remain firm. Meanwhile, influenced by the decrease in oxide prices in the metal market, some suppliers have also tentatively reduced their quotes. However, the recent tenders for Pr-Nd alloy by large magnetic material producers have provided some support for metal prices. Overall, although the market prices have declined due to some traders reducing prices and selling off their inventory, the support from raw material costs and tenders by large magnetic material producers has resulted in an overall slight downward trend in market prices. It is expected that in the short term, rare earth prices will be unlikely to experience significant volatility.