Rare Earth Prices Moved Rangebound and PrNd Alloy Fell Slightly

SHANGHAI, June 8 (SMM) - Price of mainstream rare earth products such as PrNd fluctuate in a narrow range. The mainstream transaction prices in the praseodymium-neodymium oxide market today fell slightly to 960,000-970,000 yuan/mt, and the mainstream transaction prices in the praseodymium-neodymium alloy market stabled at 1.16-1.17 million yuan/mt. After the Dragon Boat Festival, the price of PrNd oxide and PrNd alloy rebounded as the separation enterprises tended to hold the prices firm and the cost was high. However, the downstream magnetic material enterprises were reluctant to purchase and made procurement as needed in wait-and-see sentiment. Today, the PrNd prices fell slightly while the PrNd alloy prices were stable. The transactions with high prices were under pressure. The price of middle and heavy rare earth products such as dysprosium and terbium remained stable and the downstream inquiry was modest. The mainstream transaction prices of praseodymium-neodymium oxide market slightly fell to 960,000-970,000 yuan/mt today, and the mainstream transaction prices of praseodymium-neodymium alloy market stabled at 1.16-1.17 million yuan/mt. The mainstream transaction prices of dysprosium oxide stabilized at 2.57-2.58 million yuan/mt today, the mainstream quotation of  dysprosium metal stabilized at 3.45-3.5 million yuan/mt, and the mainstream transaction prices of DyFe stood at 2.57-2.58 million yuan/mt today. The mainstream transaction prices of terbium oxide was 15-15.2 million yuan/mt today, and the mainstream transaction prices of terbium metal stabled at 18.5-18.6 million yuan/mt today. The mainstream transaction prices of gadolinium oxide stood at 550,000-560,000 yuan/mt, and the mainstream transaction prices of GdFe were 510,000-520,000 yuan/mt,.