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SMM News on June 19: Today, the rare earth market prices fluctuated rangebound. Specifically, in the oxide market, the price of Pr-Nd oxide increased slightly to 440,000-441,000 yuan/mt, the price of dysprosium oxide remained stable at 1.615-1.625 million yuan/mt, the price of terbium oxide decreased slightly to 7.08-7.12 million yuan/mt, and the price of gadolinium oxide remained stable at 160,000-162,000 yuan/mt. The price of holmium oxide decreased to 510,000-516,000 yuan/mt, and the price of erbium oxide continued to fluctuate between 300,000-305,000 yuan/mt.
In the metal market, the price of Pr-Nd alloy increased to 538,000-541,000 yuan/mt today, the price of dysprosium-iron alloy remained stable at 1.57-1.58 million yuan/mt, the quoted price of terbium metal decreased to 8.8-8.85 million yuan/mt, the price of gadolinium-iron alloy remained stable at 156,000-157,000 yuan/mt, the market price of holmium-iron alloy remained stable at 524,000-528,000 yuan/mt, and the price of lanthanum-cerium alloy continued to remain stable at 17,000-19,000 yuan/mt.
Currently, the rare earth market prices are polarized, fluctuating rangebound. This is mainly reflected in the light rare earths sector, where the prices of Pr-Nd products have recovered somewhat due to restocking purchases by magnetic material enterprises. In contrast, in the heavy rare earths sector, due to weak demand, the overall purchasing center of the market revolves around the light rare earths market, with slower purchasing of heavy rare earths and lower activity in offers and inquiries. Overall, influenced by the price decreases, the overall trading activity in the market has recovered somewhat. It is expected that in the short term, influenced by restocking by magnetic material enterprises, rare earth prices will rise slightly.
