Latest Update in the SMM Other NdFeB Raw Materials Market

【SMM Analysis: Spot Prices of Cobalt Intermediate Products Remain Stable】 This week, the spot prices of cobalt intermediate products remained stable. On the supply side, upstream producers generally suspended spot order quotations to ensure supply for long-term contract customers, with some long-term contract delivery times being extended. Only a few traders were active in the market, resulting in a limited overall supply of circulating goods. A small number of downstream producers experienced raw material shortages, leading to an overall increase in inquiry and buying activity. The actual transactions of cobalt intermediate products showed some recovery. It is expected that the short-term supply-demand pattern will be difficult to improve next week, and the spot prices of cobalt intermediate products may fluctuate upward.

Copper Cathode Rod Exports Show Optimistic Growth in March, Monthly Exports Approaching Historical Highs [SMM Analysis]: The March import and export customs data has been released. How did the copper wire rod export market perform? Did it first show stable growth? Below is the detailed analysis:

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.