Rare earth prices remain stable, with limited trading volume in the market [SMM Rare Earth Daily Review]

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SMM News on June 10: Today, the rare earth market prices continued to remain stable. Specifically, in the oxide market, the price of Pr-Nd oxide remained stable at 447,000 to 449,000 yuan/mt, dysprosium oxide at 1.64 million to 1.66 million yuan/mt, terbium oxide at 7.2 million to 7.25 million yuan/mt, and gadolinium oxide decreased to 164,000 to 166,000 yuan/mt. Holmium oxide prices remained stable at 515,000 to 520,000 yuan/mt, and erbium oxide prices continued to fluctuate between 300,000 to 305,000 yuan/mt.

In the metal market, the price of Pr-Nd alloy remained stable at 548,000 to 550,000 yuan/mt today, dysprosium-iron alloy at 1.59 million to 1.61 million yuan/mt, terbium metal at 8.9 million to 9 million yuan/mt, gadolinium-iron alloy at 160,000 to 162,000 yuan/mt, holmium-iron alloy at 524,000 to 528,000 yuan/mt, and lanthanum-cerium alloy prices remained stable at 17,000 to 19,000 yuan/mt.

Currently, the rare earth market is relatively stable, with prices holding steady. However, due to the continued tightening of export controls, some magnetic materials that were originally intended for export have been redirected to domestic sales, leading to intensified market competition. The overall order situation for magnetic material enterprises is not ideal, with profit margins being compressed and a lower acceptance of high-priced metals. Meanwhile, metal prices remain high, supported by oxide costs, despite limited trading volume. In summary, the game between upstream and downstream in the rare earth market is intense, and the stalemate is becoming increasingly pronounced. It is expected that in the short term, if end-use demand continues to be insufficient, rare earth prices may exhibit a trend of jumping initially and then pulling back.