Downstream enterprises purchase rare earth as needed, with weak transactions in the rare earth market [SMM Rare Earth Daily Review]

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SMM News on July 2: Today, the rare earth market continues to operate steadily. Specifically, in the oxide market, the price of Pr-Nd oxide remains stable at 444,000-445,000 yuan/mt, the price of dysprosium oxide remains stable at 1.61-1.62 million yuan/mt, the price of terbium oxide has increased slightly to 7.05-7.1 million yuan/mt, and the price of gadolinium oxide remains stable at 162,000-163,000 yuan/mt; the price of holmium oxide remains stable at 514,000-518,000 yuan/mt, and the price of erbium oxide continues to fluctuate between 300,000-305,000 yuan/mt.

In the metal market, the price of Pr-Nd alloy remains stable at 543,000-548,000 yuan/mt, the price of dysprosium-iron alloy remains stable at 1.56-1.58 million yuan/mt, the quoted price of terbium metal remains slightly stable at 8.7-8.8 million yuan/mt, the price of gadolinium-iron alloy remains stable at 156,000-157,000 yuan/mt, the market price of holmium-iron alloy remains stable at 515,000-525,000 yuan/mt, and the price of lanthanum-cerium metal continues to remain stable at 17,000-19,000 yuan/mt.

Currently, the rare earth market continues to operate steadily. Affected by the stable prices in the oxide market, the overall market performance remains stable. However, due to the lack of improvement in end-use demand, the order-taking situation of downstream magnetic material enterprises has not improved, leading to low expectations for future prices among magnetic material enterprises and a low willingness to build up inventories and stockpile goods. They mainly adopt a purchasing as needed strategy. Affected by this, the overall market transactions are weak, and there is a strong wait-and-see sentiment. Overall, influenced by the supply-demand relationship, the rare earth market is in a balanced state, with an overall calm performance and no significant price fluctuations. It is expected that in the short term, rare earth prices will remain stable.