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| Rare earth |
Market Trends and Price Pressures
Rare earth oxide prices continued their downward fluctuation yesterday as some suppliers lowered prices to offload goods amid weak downstream inquiry activity. This led to a decline in actual transaction prices across the rare earth sector. Rare earth carbonate stood at approximately 35,200 yuan/mt, monazite at 39,900 yuan/mt, and medium-yttrium, europium-rich ore at 185,500 yuan/mt. Supply remains tight, and suppliers are reluctant to sell, making raw ore sources increasingly scarce.
The price of Pr-Nd oxide ranged from 433,000-434,000 yuan/mt, while dysprosium oxide traded at around 1.7 million yuan/mt, and terbium oxide stood between 6.1-6.13 million yuan/mt. Weak buyer activity forced suppliers to cut prices, leading to a downward trend in transaction prices. Pr-Nd alloy was quoted at 532,000-535,000 yuan/mt, dysprosium-iron at 1.68-1.7 million yuan/mt, and terbium metal at 7.55-7.6 million yuan/mt. Metal manufacturers provided fewer quotations and showed low selling enthusiasm, while downstream magnetic material enterprises exhibited subdued purchasing activity.
Supply and Demand Conditions
The magnetic material market also remained cautious, with NdFeB blank N38 (Ce) at 139-149 yuan/kg, 40M at 185-195 yuan/kg, 40H at 189-199 yuan/kg, and 45SH (Ce) at 239-259 yuan/kg. Inquiry and quotation activity was low, and downstream order growth remained weak as companies maintained sufficient inventory.
The NdFeB scrap market, however, remained stable, with slight price fluctuations and a modest increase in transaction activity. NdFeB scrap Pr-Nd was at 447-457 yuan/kg, dysprosium at 1,608-1,635 yuan/kg, and terbium at 5,109-5,137 yuan/kg.
