Intraday PrNd Products Remained Stable with Upside Momentum

SHANGHAI, May 18 (SMM) - Intraday PrNd products prices rose slightly supported by both the supply and cost side, and the quotation was high, while the market transaction was made on rigid demand. The metal factories were not very active in buying, and orders from downstream magnetic material factories did not improve either. Mainstream transaction prices of dysprosium oxide fell minimally, and dysprosium iron prices went downward as well. Market transactions were thin, and magnetic material enterprises mostly stood on the sidelines.

Today the mainstream PrNd oxide prices rose to 945,000-945,000 yuan/mt, and PrNd alloy prices rose long with oxide to 1.14-1.15 million yuan/mt. Dysprosium oxide prices dropped to 2.6-2.62 million yuan/mt, and dysprosium metal prices were 3.43-3.45 million yuan/mt. Dysprosium iron prices recorded 2.6-2.62 million yuan/mt. The mainstream prices of terbium oxide dropped to 14.6-14.8 million yuan/mt today, and terbium metal prices were mainly 18.7-18.9 million yuan/mt. Gadolinium oxide prices stood at 525,000-530,000 yuan/mt, and gadolinium iron prices were 500,000-520,000 yuan/mt.

The prices of PrNd rose though slightly today, and goods holders held firm to their prices, but the market transactions were low. The prices of dysprosium products declined with few transactions and thin inquires.