Sellers Generally Hold Firm to Rare Earth Products Prices Opening the Week

SHANGHAI, May 23 (SMM) - PrNd products prices rose narrowly today mainly due to the persistent rare earth supply gap. Although the downstream demand was low, the upstream enterprises held firm to the prices, and PrNd products prices were firm amid the stalemate between supply and demand. Middle and heavy rare earths market was quiet and open ed the week with signs of falling in prices.

The mainstream transaction prices of PrNd oxide rose to 934,000-940,000 yuan/mt, and PrNd alloy prices climbed along with oxide to 1.13-1.15 million yuan/mt.

For dysprosium oxide, the mainstream transaction prices stood at 2.6-2.62 million yuan/mt, and dysprosium metals prices were mainly between 3.4-3.45 million yuan /mt. Dysprosium iron was mainly traded at 2.6-2.62 million yuan/mt today.

Terbium oxide was mainly traded at 14.4-14.5 million yuan/mt, while the transactions prices of terbium metal were around 18.5-18.7 million yuan/mt.

Gadolinium oxide was traded at 525,000-530,000 yuan/mt, and the mainstream market prices of gadolinium iron stood at 500,000-520,000 yuan/mt.

The supply side of PrNd oxide is still supported with prices rising slightly. The separation enterprises were optimistic about the price outlook, while market players mostly stood on the sidelines. SMM will keep watching the situation of market transactions.