Latest Update in the SMM NdFeB Scrap Market

SMM SiMn Futures Review: Futures Market Fluctuates Downward, Market in the Doldrums. The SM2509 contract opened at 5,872 yuan/mt, fluctuated downward after the morning session, and finally closed at 5,822 yuan/mt, a decrease of 0.99%. The daily high was 5,912 yuan/mt, and the low was 5,788 yuan/mt. The trading volume was 231,028 lots, and the open interest was 375,731. On the spot side, the SiMn market in both the north and south continued to be in the doldrums, with sluggish market transactions, and some holders' offers were under pressure.

SMM Rare Earth Daily Review: End-Use Demand Weakens, Rare Earth Market Prices Continue to Decline. Today, rare earth market prices showed a slight downward trend. Specifically, in the oxide market, Pr-Nd oxide prices decreased to 408,000-410,000 yuan per mt, dysprosium oxide prices decreased to 1.6-1.62 million yuan per mt, and terbium oxide prices increased to 6.74-6.8 million yuan per mt.