August 12 SMM Rare Earth Afternoon Trading Comment

[SMM Rare Earth Afternoon Trading Comment] In the afternoon, the actual Pr-Nd oxide trading range was concentrated at 718,000-720,000 yuan/mt, with low actual trading volume. Most market participants remained pessimistic about the short-term outlook, and some traders continued to sell at low prices. In the gadolinium oxide market, there was significant pressure to push for lower prices in inquiries, but upstream offers were relatively firm, with the actual trading range concentrated at 193,000-195,000 yuan/mt. In the afternoon, Pr-Nd alloy inquiries remained sluggish. Coupled with a pullback in raw material prices, alloy enterprises lowered their offers to 870,000-880,000 yuan/mt, and actual trading remained stagnant. In the gadolinium-iron market, inquiries were still sparse, and prices were lowered to 188,000-190,000 yuan/mt.