Last week, Pr-Nd oxide prices continued to drop. The mainstream prices of Pr-Nd oxide fluctuated downward from 398,000-401,000 yuan/mt on May 16 to 386,000-388,000 yuan/mt on May 23, down approximately 3.1% WoW. Pr-Nd alloy prices also decreased from 495,000-500,000 yuan/mt on May 16 to 483,000-485,000 yuan/mt on May 23, down approximately 2.7% WoW.
Some rare earth metal enterprises had low demand, leaving traders lowering prices to sell. The overall market adopted a wait-and-see stance. Although Pr-Nd prices fell last week, the decline has slowed down recently. As separation plants were not willing to offer further discounts, Pr-Nd prices are expected to stabilize soon.
![Pr-Nd Stabilizes and Rebounds in Rare Earth Market, Medium-Heavy Rare Earth Trends Diverge [SMM Rare Earth Daily Review]](https://imgqn.smm.cn/usercenter/iUuCJ20251217171744.jpeg)
![[SMM Resumen de la reunión matutina de tierras raras] El Pr-Nd y el Dy-Tb cayeron en todos los ámbitos, los metales siguieron la caída con transacciones estancadas, y los contratos a largo plazo de materiales magnéticos desplazaron la demanda de pedidos al contado.](https://imgqn.smm.cn/usercenter/UoswK20251217171743.jpeg)
