SMM Rare Earth Afternoon Transaction Commentary on August 17

[SMM Rare Earth Afternoon Transaction Comment] In the afternoon, the Pr-Nd oxide market was affected by fluctuations in the futures market, with suppliers slightly lowering their quotations. Some traders’ quotations fell to 718,000 yuan/mt. Downstream inquiry activity was relatively low, and market trading remained sluggish. For medium-heavy rare earth, market activity was not high, and prices continued to remain stable. In the Pr-Nd alloy market, inquiry activity was still weak; metal enterprises slightly lowered prices, but overall prices remained firm, with limited declines, and actual transactions remained in a stalemate. In the gadolinium-iron market, inquiry activity was limited, and metal enterprises lowered quotations to 183,000-185,000 yuan/mt.