Latest Update in the SMM Rare Earth Oxides Market

[SMM Rare Earth Weekly Review: Rare Earth Inquiry and Purchase Activity Picks Up as Labour Day Holiday Approaches] Currently, the price of lanthanum oxide remains stable at 4,200-4,800 yuan/mt, while the price of cerium oxide continues to hold steady at 11,600-12,500 yuan/mt this week. During the week, the price of cerium oxide still dropped back slightly, with poor purchase enthusiasm in the downstream market. The price of Pr-Nd oxide also continued to show a weak trend this week, but with its price having fallen to a relatively low level that separation plants can bear, downstream purchase willingness has increased.

[SMM Rare Earth Daily Review: Stockpiling and Inquiries Active as Labour Day Holiday Approaches] Today, rare earth market prices showed a slight weakening trend. Specifically, in the oxide market, the price of Pr-Nd oxide rose to 410,000-412,000 yuan per mt, the price of dysprosium oxide fell to 1.59-1.61 million yuan per mt, and the price of terbium oxide fell to 6.72-6.75 million yuan per mt.

【SMM Rare Earth Morning Meeting Summary: Market Inquiries Active as Labour Day Holiday Approaches】Yesterday, due to restocking ahead of the Labour Day holiday, market inquiry activity slightly increased. The quoted price of Pr-Nd oxide warmed up again yesterday afternoon. However, most market participants remained cautious with a strong wait-and-see sentiment, and market purchases were relatively prudent. The market returned to normal today.

[SMM China Rare Earth Market Daily Report on April 29] This afternoon, driven by restocking activities ahead of the Labour Day holiday, the number of inquiries in the Pr-Nd market increased, and suppliers slightly raised their quotes. However, it is understood that the volume of this restocking was relatively small. Due to the existence of uncertain factors in the future market, there is still a high level of wait-and-see sentiment in the market. Most enterprises are cautiously purchasing according to their needs, and it is expected that the price fluctuation range will be relatively small in the near future.

[SMM Rare Earth Daily Review: No Improvement in Demand, Rare Earth Prices Continue to Decline] Today, rare earth market prices showed a slight downward trend. Specifically, in the oxide market, the price of Pr-Nd oxide fell to 407,000-410,000 yuan/mt, the price of dysprosium oxide fell to 1.6-1.61 million yuan/mt, and the price of terbium oxide fell to 6.72-6.78 million yuan/mt.

[SMM Rare Earth Morning Meeting Summary: Rare Earth Prices Pull Back, Market Sentiment for Future Outlook Remains Poor] Yesterday, with the downstream demand situation still poor, the enthusiasm for downstream procurement decreased, and the price of Pr-Nd oxide pulled back again. Some suppliers' confidence in the future outlook also remained poor, and it is expected that the price of Pr-Nd will continue to run slightly in the doldrums in the short term.

[SMM China Rare Earth Market Daily Report on April 28] Today, the price of Pr-Nd oxide weakened again. Despite the firm upstream quotes, the issue of poor downstream order conditions remained unresolved, and market confidence remained weak. Some market participants offered low inquiries, and the market's purchase willingness was low. As a result, the price of Pr-Nd oxide continued to be in the doldrums.