Rare earth prices remain stable, with the market waiting for tenders from major manufacturers [SMM Rare Earth Daily Review]

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SMM News on July 10: Today, the rare earth market operated steadily. Specifically, in the oxide market, the price of Pr-Nd oxide fell to 453,000-454,000 yuan/mt, the price of dysprosium oxide remained stable at 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 remained stable at 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 within the range of 310,000-318,000 yuan/mt.

In the metal market, the price of Pr-Nd alloy fell to 552,000-558,000 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 overall rare earth market is operating steadily. As the peak period of concentrated restocking by magnetic material enterprises has ended, market transactions have slowed down. Most magnetic material enterprises have completed restocking and are now observing the tendering situation of large magnetic material manufacturers, with a strong wait-and-see sentiment prevailing in the market. Quotations in the oxide market remain firm, with most industry participants holding an optimistic view of the future rare earth market and unwilling to sell at low prices. In the medium-heavy rare earth sector, due to weak end-use demand from downstream and the fact that magnetic material enterprises' restocking focus is mainly on the light rare earth market, transactions in the medium-heavy rare earth market are relatively sluggish. Magnetic material enterprises are making just-in-time procurement based on order situations. Overall, after the end of concentrated procurement, the rare earth market remains stable, with a strong wait-and-see sentiment still prevailing. It is expected that in the short term, rare earth prices will fluctuate rangebound.