SMM July 16: Rare earth market prices edged up today. Specifically, in the oxide market, Pr-Nd oxide price rose by 6,000 yuan/mt, dysprosium oxide price stayed flat, terbium oxide price stayed flat, gadolinium oxide price stayed flat, holmium oxide price rose by 5,000 yuan/mt, and erbium oxide price rose by 10,000 yuan/mt.
In the metal market, Pr-Nd alloy price rose by 5,000 yuan/mt, dysprosium-iron alloy price held steady, terbium metal price fell by 50,000 yuan/mt, gadolinium-iron alloy price stayed flat, holmium-iron alloy price rose by 5,000 yuan/mt, and lanthanum-cerium metal (alloy grade) price stayed flat.
Currently, rare earth market prices show an overall upward trend. Focusing on the Pr-Nd market, the rise in Pr-Nd oxide futures prices reduced spot suppliers' willingness to sell at low prices, with sentiment to hold prices firm strengthening, while actual transactions fell into a stalemate. In the metal market, supported by higher Pr-Nd oxide costs, offers were raised accordingly. However, downstream magnetic material enterprises showed limited interest in inquiries, making high-priced Pr-Nd alloy transactions difficult, which capped the actual price gains, resulting in an intense tug-of-war between upstream and downstream.
In the medium-heavy rare earth market, holmium product prices rose as low-priced supply in the market decreased and suppliers raised their offers; terbium metal prices fell due to difficult transactions, with suppliers lowering their offers; dysprosium and gadolinium product prices remained relatively stable. Overall, Pr-Nd market prices were pushed higher by upstream holding prices firm and holding back from selling, but lackluster downstream inquiry interest and stagnant actual trading reflected a fierce tug-of-war between upstream and downstream; holmium product prices continued to rise, while dysprosium and gadolinium product prices moved steadily. In the short term, driven by upstream firm pricing and reluctance to sell, Pr-Nd product prices may drift higher in a consolidating trend.
![[SMM Rare Earth Morning Briefing] Pr-Nd oxide quotes are firm, dysprosium-iron alloy slightly raised, and end-use demand remains running at off-season levels](https://imgqn.smm.cn/usercenter/tXtym20251217171745.jpeg)
![Rare Earth Prices Diverge; Upstream Holds Prices Firm, Downstream Waits and Sees [SMM Rare Earth Daily]](https://imgqn.smm.cn/usercenter/OJyAn20251217171745.jpeg)
![[SMM Rare Earth Morning Briefing] Ore prices followed the increase in oxides, and trading activity in the magnetic material market was moderate.](https://imgqn.smm.cn/usercenter/ecUwF20251217171745.jpg)
