Demand resumption lifted PrNd oxide, Nd oxide prices on week

Published: Nov 25, 2019 11:32 (GMT+8)
But prices may pull back on potential higher supply as China raised the quotas of light rare earth output for 2019

SHANGHAI, Nov 25 (SMM) – Spot products of rare-earth oxides in China traded mixed last week, as consumption recovery lifted prices of praseodymium-neodymium oxide and neodymium oxide but continued subdued trades weighed on prices of lanthanum oxide and cerium oxide.

Improved downstream orders from metal plants buoyed prices of neodymium oxide from 281,000 yuan/mt on November 20, the lowest in nearly half a year, to 285,000-288,000 yuan/mt as of November 25, SMM assessed. 

Prices of praseodymium-neodymium oxide also recovered after slid, rising from an almost six-month low of 279,000 yuan/mt on November 20 to stand at 283,000-286,000 yuan/mt as of November 25. 

Major producers of dysprosium oxide firmed up offers on reviving demand, sending the average prices of the compound to close to a month high of 1.61 million yuan/mt as of November 25, according to SMM assessments. 

Prices of lanthanum oxide and cerium oxide, meanwhile, slipped to 11,750 yuan/mt and 11,300 yuan/mt, respectively, as of November 25 as consumption failed to pick up. 

SMM sees prices of dysprosium oxide edging slightly lower after the new round of procurement cycle. 

Prices of the so-called light rare earth, including praseodymium-neodymium oxide and neodymium oxide, may also pull back in the short term on potential higher supply as China raised the quotas of light rare earth output for 2019. 

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
SMM Rare Earth Afternoon Trading Comment for September 30
Sep 30, 2026 17:18 (GMT+8)
SMM Rare Earth Afternoon Trading Comment for September 30
Read More
SMM Rare Earth Afternoon Trading Comment for September 30
SMM Rare Earth Afternoon Trading Comment for September 30
Sep 30, 2026 17:18 (GMT+8)
Scrap Prices Remain Stable, Holiday Market Trading Thins [SMM Recycled Rare Earth Weekly Review]
Sep 30, 2026 15:26 (GMT+8)
Scrap Prices Remain Stable, Holiday Market Trading Thins [SMM Recycled Rare Earth Weekly Review]
Read More
Scrap Prices Remain Stable, Holiday Market Trading Thins [SMM Recycled Rare Earth Weekly Review]
Scrap Prices Remain Stable, Holiday Market Trading Thins [SMM Recycled Rare Earth Weekly Review]
[SMM Recycled Rare Earth Weekly Review: Scrap Prices Stable, Market Activity Slows Ahead of Holiday] Overall, Pr-Nd scrap prices remained stable this week, with a slight upward adjustment near the weekend. Recycling enterprises turned cautious about chasing higher prices after wrapping up pre-holiday stockpiling, while suppliers showed low willingness to sell. Market activity gradually cooled as the holiday approached. In the short term, the market is expected to remain quiet during the holiday with little improvement in trading, and Pr-Nd scrap prices are likely to maintain a stable pattern.
Sep 30, 2026 15:26 (GMT+8)
Pr-Nd prices hold firm with a steady rise, trading tends to thin before the holiday [SMM Rare Earth Weekly Review]
Sep 30, 2026 15:21 (GMT+8)
Pr-Nd prices hold firm with a steady rise, trading tends to thin before the holiday [SMM Rare Earth Weekly Review]
Read More
Pr-Nd prices hold firm with a steady rise, trading tends to thin before the holiday [SMM Rare Earth Weekly Review]
Pr-Nd prices hold firm with a steady rise, trading tends to thin before the holiday [SMM Rare Earth Weekly Review]
[SMM Rare Earth Weekly Review: Pr-Nd Prices Hold Firm with Slight Gains; Trading Activity Slows Ahead of Holiday] Terbium oxide was at 6.52-6.55 million yuan/mt, with downstream acceptance of high prices remaining weak, negotiation centers edging down, and overall market offer activity mediocre with thin trading. Gadolinium oxide was at 190,000-192,000 yuan/mt, with downstream inquiries persistently weak, and suppliers showing little willingness to adjust prices, mostly holding prices steady and waiting. Holmium oxide was at 635,000-637,500 yuan/mt, consolidating, with limited changes in supply-demand fundamentals. Erbium oxide was at 670,000-675,000 yuan/mt, with downstream inquiries weak and trading follow-through insufficient. Yttrium oxide (5N) was at 58,000-60,000 yuan/mt, and yttrium oxide (3N) at 28,000-30,000 yuan/mt, with demand mediocre, downstream follow-through insufficient, and prices lacking upward momentum.
Sep 30, 2026 15:21 (GMT+8)