Pr-Nd oxide price kept dipping last week. During last week, mainstream price of Pr-Nd oxide dipped from 419,000-423,000 yuan/mt on January 4 to 397,000-400,000 yuan/mt on January 11, down 5.3% WoW. Pr-Nd alloy price declined from 520,000-525,000 yuan/mt on January 4 to 490,000-495,000 yuan/mt on January 11, down 5.7% WoW.
At present, there were few inquiries and thin transactions. Pr-Nd oxide price dipped to nearly the break-even level, and may stabilise in a future amid cost support.

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