July 28 SMM Rare Earth Afternoon Trading Comment

Published: Jul 28, 2026 17:08

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Under the influence of negative news, some traders sold small quantities at low prices, with the actual transaction price of Pr-Nd oxide falling to 745,000 yuan/mt. The inquiry and transaction for gadolinium oxide remained sluggish, with inquiry prices dropping to 210,000 yuan/mt. In the afternoon, inquiry activity for Pr-Nd alloy increased, and downstream magnetic material enterprises gradually began restocking for rigid demand, but actual transaction prices were low, with a small volume traded at 900,000 yuan/mt on a cash basis and actual transactions at 910,000 yuan/mt on credit terms. Inquiry activity for gadolinium iron remained limited, with prices lowered to 202,000-205,000 yuan/mt.

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