PrNd Prices Dropped Slightly, Middle and Heavy Rare Earth Declined Slightly

SHANGHAI, June 21 (SMM) - The prices of PrNd products dropped slightly and the demand of downstream and terminal enterprises was weak. Some small and medium-scale magnetic material companies said that the orders were poor and thet were reluctant ro purchase raw materials. The prices of PrNd products dropped today and the market wait-and-see sentiment increased. The mainstream prices of PrNd oxide and alloy climbed to 940,000-945,000 yuan/mt and 1.14-1.15 million yuan/mt respectively. The market of middle and heavy rare earth such as dysprosium and terbium dropped slightly.  The mainstream prices of dysprosium oxide, terbium oxide and gadolinium oxide were 2.52-2.55 million yuan/mt, 14.4-14.5 million yuan/mt and 545,000-550,000 yuan/mt respectively.

The mainstream transaction prices of praseodymium-neodymium oxide market stabled at 940,000-945,000 yuan/mt today, and the mainstream transaction prices of praseodymium-neodymium alloy market stabled at 1.14-1.15 million yuan/mt. The mainstream transaction prices of dysprosium oxide declined slightly to 2.52-2.55 million yuan/mt today, the mainstream quotation of dysprosium metal stood at 3.30-3.35 million yuan/mt, and the mainstream transaction prices of DyFe slightly declined to 2.52-2.55 million yuan/mt today. The mainstream transaction prices of terbium oxide was 14.4-14.5 million yuan/mt today, and the mainstream transaction prices of terbium metal stabled at 18.2-18.3 million yuan/mt today. The mainstream transaction prices of gadolinium oxide slightly declined to 545,000-550,000 yuan/mt, and the mainstream transaction prices of GdFe were 510,000-515,000 yuan/mt.