SMM June 29 News: This week, the rare earth market has generally shown a stable operational trend, with a narrower price fluctuation range compared to before. Behind this stable market performance, there are actually undercurrents. As news related to rare earth policies continues to emerge, market participants generally adopt a wait-and-see attitude, leading to a slower trading pace compared to the past. In this environment, major rare earth products such as Pr-Nd oxide have effectively boosted the pricing confidence of upstream separation plants due to the continuous procurement support from large enterprises, enabling their quotes to remain firm and not decline. Under the influence of rising raw material costs, metal plants have also had to maintain their ex-factory prices at a certain level to signal cost support downstream and safeguard the profit margins of producers.
It is worth noting for the market that some magnetic material enterprises have reported an improvement in orders this month compared to May. In addition, tender activities by leading magnetic material producers have also become increasingly frequent recently, which is undoubtedly a positive signal indicating the beginning of marginal recovery in downstream demand. This recovery not only brings more vitality to the industry chain but also provides a solid foundation for the stability of market prices.
Considering the current market situation, industry insiders are generally optimistic about the future market due to the solid cost support and positive demand expectations. Driven by this sentiment, bullish expectations have gradually become the mainstream in the market. Therefore, it can be foreseen that in the short term, rare earth prices will show a trend of being more likely to rise than fall, with a relatively clear overall market outlook.
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