SMM, July 31: Rare earth market prices remained stable overall today. Specifically, in the oxide market, the price of Pr-Nd oxide was raised by 2,500 yuan/mt, while prices for dysprosium oxide, terbium oxide, gadolinium oxide, holmium oxide, and erbium oxide all remained flat.
In the metal market, the price of Pr-Nd alloy was raised by 2,500 yuan/mt, while prices for dysprosium-iron alloy, terbium metal, gadolinium-iron alloy, holmium-iron alloy, and lanthanum-cerium metal (alloy grade) all remained flat.
Currently, rare earth market prices are stable overall. Focusing on the Pr-Nd market, driven by a recovery in Pr-Nd oxide futures prices, spot suppliers slightly raised their price quotations. However, the trading atmosphere remained sluggish, and actual transactions were in the doldrums. In the metal market, prices followed the upward trend, buoyed by rising raw material costs, but downstream inquiries did not increase significantly. Magnetic material enterprises primarily made rigid restocking purchases at lower prices and showed limited acceptance of high-priced metals. As a result, the actual price increase for Pr-Nd alloy was constrained, leaving market trading in a stalemate.
In the medium-heavy rare earth market, downstream inquiries remained very limited. Quotations for dysprosium, terbium, gadolinium, and holmium products showed no significant adjustments, remaining stable overall, though actual transaction conditions were poor. On the whole, constrained by low downstream purchasing enthusiasm, the trading atmosphere in the rare earth market was sluggish, with prices generally holding steady. Although Pr-Nd product price quotations were slightly raised, driven by futures price increases, the actual extent of the rise was limited. The standoff continued between supply-side efforts to hold prices firm and demand-side wait-and-see sentiment. In the near term, impacted by this trading stalemate, Pr-Nd product prices are likely to continue moving sideways within a narrow range.
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