Pr-Nd oxide and alloy prices both fell post-Chinese New Year

Pr-Nd oxide price started dipping last week. During last week, mainstream price of Pr-Nd oxide dipped from 397,000-401,000 yuan/mt on February 8 to 378,000-382,000 yuan/mt on February 22, down 4.8%. Pr-Nd alloy price declined from 493,000-498,000 yuan/mt on February 8 to 480,000-485,000 yuan/mt on February 22, down 2.6%.

Given that magnetic materials companies not resumed normal production yet after the holidays, actual transactions of rare earth was minimal. Prices of Pr-Nd products declined last week.