The price of scrap fluctuates significantly, and the sentiment of reluctance to sell affects procurement [SMM Weekly Review of Recycled Rare Earths]

July 17 News:

This week, the price of Pr-Nd recycled from NdFeB scrap was reported at 516-522 yuan/kg; the price of dysprosium recycled from NdFeB scrap was reported at 1,643-1,654 yuan/kg; the price of terbium recycled from NdFeB scrap was reported at 5,439-5,550 yuan/kg; the price of gadolinium recycled from NdFeB scrap was reported at 89-110 yuan/kg; the price of holmium recycled from NdFeB scrap was reported at 222-233 yuan/kg.

This week, the scrap market experienced significant price fluctuations, with an overall upward trend. At the beginning of the week, influenced by the rapid rise in oxide market prices, scrap suppliers held high expectations for future prices, and the sentiment of reluctance to sell continued to spread. Recycling enterprises had to raise their quotes to ensure that scrap recycling was not affected by the reluctance to sell. However, as oxide market prices pulled back, recycling enterprises became cautious about purchasing at high prices, leading to a jump initially and then pull back in scrap prices. As the weekend approached, with downstream purchase willingness strengthening, trading in the oxide market recovered and prices rose. Recycling enterprises became more active in purchasing and raised their quotes for scrap. However, some market participants held high expectations for future prices, and the sentiment of reluctance to sell remained strong, making it difficult to purchase scrap at low prices. It is expected that in the short term, influenced by the reluctance to sell, the scrap market prices will be unlikely to experience a significant decline.

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