As upstream suppliers were not willing to reduce prices, Pr-Nd prices are expected to remain stable

This week, Pr-Nd oxide prices fluctuated downward. The mainstream prices of Pr-Nd oxide decreased from 423,000-424,000 yuan/mt to 419,000-421,000 yuan/mt by Thursday, a drop of about 0.8%. Pr-Nd alloy prices also followed the downward trend of oxide prices this week, decreasing from 520,000-525,000 yuan/mt to 518,000-522,000 yuan/mt by Thursday, a drop of about 0.5%.

For Q4 demand, some industry participants remain optimistic. Upstream suppliers are not strongly inclined to report lower prices, and Pr-Nd prices are expected to remain stable.