Poor demand for medium-heavy rare earth, with a polarized rare earth market [SMM Rare Earth Daily Review]

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SMM News on June 30: Today, the rare earth market prices are polarized. Specifically, in the oxide market, the price of Pr-Nd oxide remained stable at 444,000-445,000 yuan/mt, the price of dysprosium oxide stabilized slightly at 1.61-1.62 million yuan/mt, the price of terbium oxide decreased slightly to 7.05-7.08 million yuan/mt, and the price of gadolinium oxide decreased slightly to 162,000-163,000 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 300,000-303,000 yuan/mt.

In the metal market, the price of Pr-Nd alloy decreased slightly to 540,000-546,000 yuan/mt, the price of dysprosium-iron alloy remained stable at 1.56-1.58 million yuan/mt, the quoted price of terbium metal decreased slightly to 8.75-8.83 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 are polarized: the light rare earth market remains stable, while the medium-heavy rare earth market is slightly weak. The light rare earth market is mainly supported by oxide prices, with suppliers being supported by raw material costs and offering firm quotes. Meanwhile, most industry participants are optimistic about future prices, and suppliers have a strong reluctance to budge on prices. However, in contrast, the medium-heavy rare earth market is weak due to poor demand, with weak market purchasing demand. Some suppliers have lowered their quotes, resulting in low trading volume in the market. Overall, influenced by market demand, the rare earth market is polarized, but with the gradual approval of export controls and the recovery of end-use demand, the future outlook for the rare earth market is positive. It is expected that the market will operate smoothly in the short term.