[SMM Rare Earth Morning Meeting Summary] Rare earth oxide prices rise, market holds a wait-and-see attitude

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SMM News on July 3:

Rare Earth Ores

Prices: The price of rare earth carbonate is approximately 36,000 yuan/mt, monazite is priced at around 42,700 yuan/mt, and the standard price of medium-yttrium, europium-rich ore is approximately 190,500 yuan/mt.

Supply and Demand: Recently, due to climatic factors, imports of Myanmar ores have declined, and suppliers' willingness to sell has weakened. Most market participants are bullish on the future market.

Rare Earth Oxides

Prices: The quotation range for Pr-Nd oxide is approximately 444,000-446,000 yuan/mt, the mainstream quotation range for dysprosium oxide is 1.62-1.63 million yuan/mt, and the quotation range for terbium oxide is approximately 7.1-7.13 million yuan/mt.

Supply and Demand: Yesterday, the inquiry activity in the rare earth market increased. Driven by purchases from major manufacturers and news factors, suppliers raised their quotations for medium-heavy rare earths, and low-priced supplies tightened rapidly. However, the price of Pr-Nd remained relatively stable.

Rare Earth Metals

Prices: The mainstream quotation range for Pr-Nd alloy is 543,000-548,000 yuan/mt, the quotation for dysprosium-iron alloy is approximately 1.56-1.58 million yuan/mt, and the quotation for terbium metal is approximately 8.7-8.8 million yuan/mt.

Supply and Demand: Yesterday, the metal market operated steadily with general trading activity. Driven by purchases from major manufacturers in the medium-heavy rare earth oxide market, suppliers raised their quotations. However, due to the time required for price transmission, metal manufacturers maintained a wait-and-see sentiment and were not eager to raise their quotations.

NdFeB Blanks

Prices: NdFeB blank N38 (Ce) closed at 143-153 yuan/kg; NdFeB blank 40M closed at 189-199 yuan/kg; NdFeB blank 40H closed at 193-203 yuan/kg; NdFeB blank 45SH (Ce) closed at 243-263 yuan/kg.

Supply and Demand: Yesterday, magnetic material prices remained generally stable, and trading activity was on par with the previous day. On the one hand, due to the continued stability of raw material prices such as oxides and metals, magnetic material enterprises produced based on demand. On the other hand, terminal customers gradually entered the off-season, with reduced demand for new orders and weakened demand.

NdFeB Scrap

Prices: The price of Pr-Nd recycled from NdFeB scrap closed at 483-488 yuan/kg; the price of dysprosium recycled from NdFeB scrap closed at 1,610-1,621 yuan/kg; the price of terbium recycled from NdFeB scrap closed at 5,439-5,495 yuan/kg.

Supply and Demand: Yesterday, the scrap market continued to operate steadily. However, driven by purchases from major manufacturers, the medium-heavy rare earth oxide market saw price increases, and the scrap market maintained a wait-and-see sentiment.