English
On September 19, Pr-Nd prices slightly increased, with overall price fluctuations in the rare earth market remaining minimal. According to SMM, the mainstream transaction prices for Pr-Nd oxide were slightly adjusted to 415,000-417,000 yuan/mt. The price of dysprosium oxide slightly increased to 1.75-1.77 million yuan/mt, while the price of terbium oxide was also adjusted to around 5.76 million yuan/mt. The price of gadolinium oxide remained stable at 177,000-180,000 yuan/mt, and the price of holmium oxide continued to stabilize at 520,000-525,000 yuan/mt.
The mainstream transaction prices for Pr-Nd alloy were also adjusted to 516,000-520,000 yuan/mt yesterday, following the oxides. According to an SMM survey, due to weak support from downstream orders, some magnetic material companies adopted a wait-and-see attitude towards the market outlook and did not actively stock up before the National Day holiday. Some magnetic material companies will maintain raw material inventories for 1-2 months and restock as needed based on market order changes. With the arrival of the fourth quarter, end-users are expected to push for year-end sales, and it is anticipated that the order volume for magnetic material companies may slightly increase after the National Day holiday, potentially leading to a procurement boom in the rare earth market in October. This week, rare earth prices fluctuated slightly, with the overall trend still fluctuating upward. Upstream holders were reluctant to sell, expecting higher future prices, keeping rare earth raw material prices high. However, downstream magnetic material companies were not eager to follow the price increase. It is understood that due to insufficient orders at magnetic material factories, most industry players are taking a wait-and-see approach to the market outlook, but upstream confidence in holding prices is high, leading to intense back-and-forth negotiations between upstream and downstream. This week, major magnetic material manufacturers continued to tender, and with the continuous procurement by upstream top-tier enterprises, the overall trend of Pr-Nd prices remained strong.
“Source: Shanghai Metals Market”
