SMM, July 28:
Rare Earth Ore:
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Prices: Rare earth carbonate prices stood at approximately 62,000 yuan/mt, rare earth chloride flake prices at about 63,500 yuan/mt, and monazite prices at around 44,000 yuan/mt.
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Supply and Demand: Currently, the overall circulation frequency of rare earth ore remains poor, and the market is stagnant. Weak oxide prices have also led to a downward adjustment in actual rare earth ore transaction prices.
Rare Earth Oxides:
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Prices: The trading atmosphere for Pr-Nd oxide continued to be sluggish, with offer prices declining rapidly; dysprosium oxide and terbium oxide offer prices remained relatively stable.
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Supply and Demand: Yesterday, affected by news factors and disturbances in the futures market, Pr-Nd oxide prices pulled back rapidly starting from the afternoon session, prompting most suppliers to halt quoting. In the medium-heavy rare earth sector, dysprosium oxide and terbium oxide price trends were relatively steady with no significant fluctuations.
Rare Earth Metals:
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Prices: Pr-Nd alloy prices consolidated, with strong wait-and-see sentiment among downstream buyers; dysprosium-iron alloy prices edged down slightly, and terbium metal prices remained flat.
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Supply and Demand: Yesterday, influenced by fluctuations in oxide prices, metal suppliers' quotes in the afternoon pulled back from morning levels. Wait-and-see sentiment was strong among downstream magnetic material enterprises, resulting in weak actual market transactions. In the medium-heavy rare earth market, inquiries remained persistently sluggish, dysprosium-iron alloy prices edged down slightly, and terbium metal prices were flat.
NdFeB Blanks:
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Prices: NdFeB blank N38 (Ce) was quoted at 217-227 yuan/kg, NdFeB blank 38M at 260-270 yuan/kg, and NdFeB blank 38UH at 362-382 yuan/kg.
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Supply and Demand: Yesterday, offers for NdFeB blanks initially remained stable. The core reason was that fluctuations in raw material prices within the day led NdFeB producers to keep their quotes steady for the time being. In terms of trading, as July drew to a close, regions across China experienced high temperatures, and motor plants and end-users gradually began their high-temperature holidays. Operating rates at motor plants and end-users weakened significantly, demand for rare earth permanent magnets contracted, ultimately leading to persistently subdued trading activity in the NdFeB market.
NdFeB Scrap:
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Prices: Prices for Pr-Nd recycled from NdFeB scrap edged up slightly, while prices for dysprosium and terbium recycled from NdFeB scrap remained stable.
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Supply and Demand: Yesterday, scrap market prices edged up slightly. Affected by oxide price fluctuations, recycling enterprises slightly raised their external purchase offer prices. However, due to the significant volatility in oxide prices, scrap suppliers adopted a cautious approach to selling, resulting in moderate market trading activity.
