Pr-Nd Oxide Prices Show Slight Fluctuations Amid Low Market Confidence and Weak Demand

This week, Pr-Nd oxide prices exhibited slight fluctuations. At the beginning of the week, the weak trend from last week continued; by mid-week, due to futures market price fluctuations and periodic restocking by some large enterprises, market inquiry activity picked up, leading to a slight increase in Pr-Nd oxide prices. However, overall market confidence remained insufficient, with downstream buyers being quite cautious in restocking, and actual trading volume did not increase significantly.

As for the medium-heavy rare earth sector, it is currently in the demand off-season, and market inquiry activity remained sluggish. Some traders chose to sell inventory at lower prices, which kept dysprosium oxide and terbium oxide prices under pressure.

Looking ahead, although downstream enterprises have relatively low raw material inventory levels, due to persistently weak orders, these enterprises have relatively small interest in stockpiling more raw materials. In the short term, market inquiries and procurement activities are expected to remain weak, and the overall price trend of rare earth oxides is likely to maintain a fluctuating trend with a downward bias.