The price of Pr-Nd oxide continued to rise with positive expectations for China Northern Rare Earth's August listing prices and the recovery of orders from downstream enterprises

This week, the price of Pr-Nd oxide continued to rise. During the week, the mainstream price of Pr-Nd oxide increased from 363,000-364,000 yuan/mt last Thursday to 373,000-374,000 yuan/mt this Thursday, an increase of approximately 2.8% WoW. The price of Pr-Nd alloy also increased from 447,000-449,000 yuan/mt last Thursday to 463,000-465,000 yuan/mt this Thursday, an increase of approximately 3.6% WoW.

Due to positive expectations for China Northern Rare Earth's August listing prices and the recovery of orders from downstream enterprises in the market, sellers raised their quotations, making low-price cargoes hard to find.