Highlights
- Yttrium oxide prices rose to 43,000-45,000 yuan/mt.
- Rare earth oxide markets experienced volatile trading conditions.
- Pr-Nd alloy prices initially surged but declined as magnetic material manufacturers faced weak downstream demand.
- Scrap rare earth market showed cautious sentiment with limited spot cargo and growing trader interest in rebuilding inventories.
This week, rare earth oxide prices fluctuated frequently, initially rising due to market sentiment but later retreating as cautious downstream buyers limited transactions. Yttrium oxide prices increased to 43,000-45,000 yuan/mt. Rare earth carbonate, monazite, and europium-rich ore prices saw slight adjustments, but weak stockpiling demand from separation enterprises kept price growth in check. Lanthanum and cerium oxide prices experienced mixed movements, reflecting ongoing market uncertainty.
In the metal market, according to Shanghai Metals Market (opens in a new tab), Pr-Nd alloy prices surged early in the week due to tenders from top magnetic material enterprises but later declined as procurement slowed. Magnetic material manufacturers faced weak demand, making high-priced transactions challenging. NdFeB permanent magnet prices remained relatively stable, but the overall purchasing enthusiasm was low, as downstream orders failed to meet expectations, leading to cautious market sentiment.
Scrap rare earth prices fluctuated in line with oxide price movements but gradually stabilized. Limited spot cargo availability prompted some traders to rebuild inventories, increasing purchasing activity. Market sentiment toward NdFeB scrap enterprises turned more bullish, with growing inquiries and a reluctance among sellers to accept lower prices. Overall, the rare earth market remained volatile, with a wait-and-see approach prevailing among buyers and sellers.
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