Pr-Nd oxide prices slightly increased this week, downstream remained cautious in purchases

Published: Jun 21, 2024 17:47

Source: SMM

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This week, Pr-Nd oxide prices saw a slight increase overall.

This week, Pr-Nd oxide prices saw a slight increase overall. The mainstream prices of Pr-Nd oxide rose from last Thursday's 360,000-362,000 yuan/mt to this Thursday's 362,000-363,000 yuan/mt, an increase of about 0.4% WoW. The price of Pr-Nd alloy showed an inverted "V" trend, first rising to 453,000-457,000 yuan/mt and then falling back to 444,000-446,000 yuan/mt by this Thursday.

This week, separation plants held offers firm, and low-price Pr-Nd supplies tightened. However, downstream remained cautious in purchases, with limited transactions in the Pr-Nd market.

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