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[SMM Rare Earth Morning Meeting Summary] Enterprises Suspend Quotations and Shipments, Market Trading Atmosphere Remains Sluggish

  • Jan 23, 2025, at 10:18 am
[SMM Rare Earth Morning Meeting Summary: Enterprises Halt Quotations and Shipments, Market Trading Atmosphere Remains Sluggish] As the Chinese New Year holiday approaches, most enterprises have ceased quotations and shipments, and logistics operations have also come to a halt, further dampening market trading activity.

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SMM January 23 News:

Rare Earth Ore

Prices: Rare earth carbonate prices are approximately 33,600 yuan/mt, monazite prices are around 38,300 yuan/mt, and medium-yttrium, europium-rich ore standard ore prices are about 177,500 yuan/mt.

Supply and Demand: Currently, as the year-end approaches, suppliers at the mining end show low willingness to sell, and market trading activity remains sluggish.

Rare Earth Oxides

Prices: The mainstream quotation range for Pr-Nd oxide is 415,000-417,000 yuan/mt; the transaction range for dysprosium oxide is around 1.67-1.69 million yuan/mt, and terbium oxide prices are approximately 5.92-5.96 million yuan/mt.

Supply and Demand: As the Chinese New Year holiday approaches, most enterprises have ceased quoting and shipping, and logistics operations have also stopped, leading to even quieter market trading activity.

Rare Earth Metals

Prices: The mainstream quotation for Pr-Nd alloy is about 508,000-515,000 yuan/mt, dysprosium-iron prices corresponding to oxide quotations are around 1.6-1.63 million yuan/mt, and terbium metal prices are approximately 7.4-7.43 million yuan/mt.

Supply and Demand: Most metal factories maintain normal production, but market departments are already in a semi-holiday state, with low willingness to actively quote, resulting in tighter spot market circulation.

Magnetic Materials

Prices: NdFeB blank prices are as follows: NdFeB blank N38 (Ce) at 133-143 yuan/kg; NdFeB blank 40M at 179-189 yuan/kg; NdFeB blank 40H at 183-193 yuan/kg; NdFeB blank 45SH (Ce) at 233-253 yuan/kg.

Supply and Demand: Currently, most magnetic material enterprises have suspended external quotations and are expected to halt production for the holiday. Although some enterprises continue production to rush to deliver orders, overall market trading activity remains low, with a subdued atmosphere.

NdFeB Scrap

Prices: NdFeB scrap Pr-Nd prices are quoted at 431-436 yuan/kg; NdFeB scrap dysprosium prices are quoted at 1,559-1,587 yuan/kg; NdFeB scrap terbium prices are quoted at 5,087-5,123 yuan/kg.

Supply and Demand: Many regions have entered holiday mode, and traders are only making small-scale emergency purchases at the year-end stage, with limited actual transaction volumes. Many separation enterprises have currently suspended quotations, relying mainly on consuming existing inventory while observing post-holiday market trends.

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