Domestic Rare Earth Price Continues Slipping, PR-ND Oxide to Fall below 300,000 yuan/ton

SHANGHAI, Dec.5 (SMM)－Today, part of domestic rare earth continues to slip in price, especially for Pr-Nd oxide. Recently see a light transaction in rate earth market. Downstream enterprises only purchase as per needs. Stock holders tends to sell out under pressure of fund return at year-end. Hence the offer is lowered with 300,000-310,000 yuan per ton today for Nr-Pd oxide. SMM learned that actually there is transaction with price below 300,000 yuan, which is still not the floor price yet. Other varieties also lose price to some extent. It is estimated to keep weak in rare earth market this month.

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