（1） Weekly Overview from October 31st to November 4th
The scrap market has continued to operate steadily this week, with small adjustments in the range being the main focus and extremely limited fluctuations. The market has reported limited sources of goods, a strong wait-and-see atmosphere, and generally cautious operations. The market inquiry activity is not high, and the focus of transactions has shifted downward. Currently, the scrap praseodymium neodymium is reported to be around 490-500 yuan/kg.
This week’s market performance has been relatively stable. As the listing is approaching, the market is mainly wait-and-see. Although the listing is flat, many companies have weak confidence in the future market, and downstream demand performance is not clear. The market trading situation is weak, and the demand for bargains is mainly for restocking. If there is no positive news to boost the market in the short term, the market may continue to maintain a stable trend. We still need to pay attention to changes in downstream demand. Currently, praseodymium neodymium oxide is reported at around 510000 yuan/ton, The quotation for praseodymium neodymium metal is about 625000 yuan/ton.
In terms of medium and heavy rare earths, the market is mainly weak and stable, with trading enterprises mostly watching and watching. The overall market transaction is light, with less active shipping quotes from holders and an increase in low-priced sources of goods. Some enterprises mainly need to restock, with cautious trading and limited actual orders. Currently, the main prices for heavy rare earths are: 2.63-2.66 million yuan/ton for dysprosium oxide and 2.57-2.59 million yuan/ton for dysprosium iron; 8 to 8.05 million yuan/ton of terbium oxide and 10.1 to 10.2 million yuan/ton of metallic terbium; 57-580000 yuan/ton of holmium oxide and 59-605000 yuan/ton of holmium iron; Gadolinium oxide is 268-273000 yuan/ton, and gadolinium iron is 260-270000 yuan/ton.
（2） Aftermarket analysis
Overall, “stability” may become the main tone of the market in the near future, with a lack of positive news to boost the market. The supply and demand side continues to play a game, and in the short term, the rare earth market is difficult to fall but difficult to rise, with stability being the main focus.