SHANGHAI, Mar 9 (SMM) – Domestic output of PrNd alloy in February 2023 stood at 5,244 mt, up 0.4% MoM.
Sichuan accounted for most of the output growth, while the output in Jiangsu decreased slightly. Output in other regions changed little compared with January.
In February, the price of PrNd alloy remained on the downswing.
After the CNY holiday, the orders of downstream magnetic material enterprises remained sluggish. Most of them mainly worked through existing inventories.
However, considering that the reduction and shutdown of production will cause great losses to metal manufacturers, metal factories mostly maintained normal production despite the weak market. Some manufacturers even reported output growth. The output in Sichuan grew by 7.5% month on month.
SMM predicts that the output of PrNd alloy may continue to increase slightly in March 2023.
![Pr-Nd Stabilizes and Rebounds in Rare Earth Market, Medium-Heavy Rare Earth Trends Diverge [SMM Rare Earth Daily Review]](https://imgqn.smm.cn/usercenter/iUuCJ20251217171744.jpeg)
![[Résumé de la réunion matinale SMM sur les terres rares] Le Pr-Nd et le Dy-Tb ont baissé sur toute la ligne, les métaux ont suivi la baisse avec des transactions stagnantes, et les contrats à long terme pour les matériaux magnétiques ont évincé la demande de commandes au comptant.](https://imgqn.smm.cn/usercenter/UoswK20251217171743.jpeg)
