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SMM News on July 9: Today, the rare earth market operated steadily. Specifically, in the oxide market, the price of Pr-Nd oxide remained stable at 453,000-455,000 yuan/mt, the price of dysprosium oxide increased to 1.66-1.68 million yuan/mt, the price of terbium oxide remained stable at 7.16-7.2 million yuan/mt, and the price of gadolinium oxide increased to 164,000-166,000 yuan/mt. The price of holmium oxide remained stable at 525,000-530,000 yuan/mt, and the price of erbium oxide continued to fluctuate between 308,000-314,000 yuan/mt.
In the metal market, the price of Pr-Nd alloy remained stable at 553,000-558,000 yuan/mt, the price of dysprosium-iron alloy remained stable at 1.59-1.61 million yuan/mt, the quoted price of terbium metal remained stable at 8.85-8.9 million yuan/mt, the price of gadolinium-iron alloy remained stable at 159,000-161,000 yuan/mt, the market price of holmium-iron alloy remained stable at 525,000-530,000 yuan/mt, and the price of lanthanum-cerium alloy continued to remain stable at 17,000-19,000 yuan/mt.
Currently, the rare earth market is operating steadily, mainly influenced by the slowdown in market transactions. The light rare earth market has seen a rapid decrease in low-priced supplies due to the impact of previous concentrated tenders by major magnetic material enterprises. Meanwhile, orders from downstream magnetic material enterprises have rebounded, leading to active stockpiling and concentrated procurement of Pr-Nd alloy. However, as the concentrated procurement period ends, market transactions have tended to slow down, and wait-and-see sentiment has significantly increased. In the medium-heavy rare earth market, weak demand for dysprosium and terbium from downstream magnetic material enterprises, coupled with the focus of procurement on the light rare earth market, has led to sluggish market transactions. Overall, after experiencing price increases, the rare earth market is characterized by strong wait-and-see sentiment and a slowdown in market transactions. It is expected that in the short term, rare earth prices will maintain a generally stable with slight rise trend.
