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[SMM Rare Earth Morning Meeting Summary] Suppliers Lower Quotes, Rare Earth Prices Stabilize

  • Jan 09, 2025, at 9:39 am
[SMM Rare Earth Morning Meeting Summary: Suppliers Lower Quotations, Rare Earth Prices Stabilize] Yesterday, influenced by news factors, some suppliers began to actively lower their quotations, but separation plants' quotations remained relatively firm. Low-price transactions were mostly conducted by trading enterprises.

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SMM January 9 News:

Rare Earth Ore

Prices: The price of rare earth carbonate is approximately 32,400 yuan/mt, monazite is around 37,300 yuan/mt, and medium-yttrium, europium-rich ore standard ore is about 173,000 yuan/mt.

Supply and Demand: Currently, the mining market activity is relatively low, suppliers show limited willingness to sell, and overall trading sentiment remains subdued.

Rare Earth Oxides

Prices: The mainstream quotation range for Pr-Nd oxide is 400,000-401,000 yuan/mt; the transaction range for dysprosium oxide is around 1.62-1.64 million yuan/mt, and terbium oxide is quoted at approximately 5.79-5.85 million yuan/mt.

Supply and Demand: Yesterday, influenced by market news, some suppliers began to actively lower their quotations, but separation plants maintained relatively firm pricing. Low-price transactions were mostly conducted by trading enterprises.

Rare Earth Metals

Prices: The mainstream quotation for Pr-Nd alloy is approximately 490,000-495,000 yuan/mt, dysprosium-iron prices correspond to oxide quotations of around 1.57-1.6 million yuan/mt, and terbium metal is quoted at approximately 7.2-7.25 million yuan/mt.

Supply and Demand: Currently, metal transaction activity is relatively moderate. Metal plants mostly base their pricing on corresponding oxide quotations, and high-price transactions remain challenging.

Magnetic Materials

Prices: NdFeB blank prices for NdFeB blank N35 (Ce) are reported at 125-135 yuan/kg; NdFeB blank 38H prices are reported at 170-180 yuan/kg.

Supply and Demand: Yesterday, rare earth prices stabilized. The domestic NdFeB market is ramping up production to prepare for the upcoming Chinese New Year holiday. However, the foreign trade market has not seen a significant increase in orders following the New Year holiday. Industry insiders predict that the foreign trade market may remain sluggish before the Chinese New Year.

NdFeB Scrap

Prices: NdFeB scrap Pr-Nd prices are reported at 414-417 yuan/kg; NdFeB scrap dysprosium prices are reported at 1,559-1,580 yuan/kg; NdFeB scrap terbium prices are reported at 5,069-5,123 yuan/kg.

Supply and Demand: The scrap market has remained stable recently, with moderate selling sentiment. Many enterprises are choosing to retain inventory, waiting for post-holiday market changes to make decisions.

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