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SMM News on July 16: Today, the rare earth market prices operated steadily. Specifically, in the oxide market, the price of Pr-Nd oxide remained stable at 465,000-468,000 yuan/mt, the price of dysprosium oxide remained stable at 1.67-1.7 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 165,000-168,000 yuan/mt; the price of holmium oxide remained stable at 525,000-528,000 yuan/mt, and the price of erbium oxide continued to fluctuate within the range of 323,000-325,000 yuan/mt.
In the metal market, the price of Pr-Nd alloy dropped to 570,000-575,000 yuan/mt, the price of dysprosium-iron alloy remained stable at 1.6-1.62 million yuan/mt, the quoted price of terbium metal remained stable at 8.9-8.95 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 530,000-535,000 yuan/mt, and the price of lanthanum-cerium alloy continued to remain stable within the range of 17,000-19,000 yuan/mt.
Currently, the rare earth market prices are operating steadily. This is mainly because yesterday afternoon, transactions in the oxide market were difficult, and suppliers continued to lower their quotes. As oxide prices continued to decline, overall market trading activity recovered somewhat, and actual transactions returned to normal. Meanwhile, China Northern Rare Earth publicly bid to sell Pr-Nd alloy, providing price support for the rare earth market, and oxide market prices stopped falling and stabilized. However, the metal market was affected by downstream order conditions, with transactions being difficult and suppliers continuing to lower their quotes, but the market inquiry atmosphere was sluggish. The medium-heavy rare earth market, on the other hand, operated steadily due to weak procurement demand. Overall, with the recovery of market transactions and the group's bidding to sell Pr-Nd alloy, the rare earth market is operating steadily. It is expected that in the short term, rare earth prices may operate weakly and steadily with a slight downward bias.
