SHANGHAI, May 17 (SMM) - Today, the praseodymium and neodymium products continued to rise slightly. Separation plants tended to hold the prices firm because of cost and supply shortage. As a result, metal plants' quotations also rose slightly. Downstream magnetic material plants were in a wait-and-see sentiment due to the limited orders and high prices. Some magnetic material companies were under financial pressure, hence they were less enthusiastic about the procurement of praseodymium neodymium alloy.
The mainstream transaction prices of praseodymium-neodymium oxide market slightly increased to 930,000-945,000 yuan/mt today, and the mainstream transaction prices of praseodymium-neodymium alloy market increased to 1.13-1.14 million yuan/mt. The mainstream transaction prices of dysprosium oxide fell from high to 2.63-2.64 million yuan/mt today, the mainstream quotation of dysprosium metal was 3.45-3.50 million yuan/mt, and the mainstream transaction prices of DyFe stood at 2.63-2.64 million yuan/mt today. The mainstream transaction prices of terbium oxide fell to 14.9-15 million yuan/mt today, and the mainstream transaction prices of terbium metal was 18.7-18.9 million yuan/mt today. The mainstream transaction prices of gadolinium oxide was 520,000-525,000 yuan/mt, and the mainstream transaction prices of GdFe was 500,000-520,000 yuan/mt.
Today, the prices of praseodymium and neodymium products rose slightly, and holders tended to hold the prices firm. In this case, the metal factories took orders as needed with limited transactions while magnetic material plants were in a wait-and-see sentiment. The middle and heavy rare earth market was modest with downward trend.
