Pr-Nd prices declined amid increased supply

Published: Jul 19, 2024 17:22

Source: SMM

Save

This week, the price of Pr-Nd oxide showed a slight decline overall.

This week, the price of Pr-Nd oxide showed a slight decline overall. The mainstream price of Pr-Nd oxide decreased from last Thursday's 360,000-361,000 yuan/mt to this Thursday's 359,000-360,000 yuan/mt, a decrease of about 1.1% WoW. The price of Pr-Nd alloy dropped from last Thursday's 448,000-450,000 yuan/mt to this Thursday's 443,000-444,000 yuan/mt, a decrease of about 1.2% WoW.

Recently, China Northern Rare Earth has been selling Pr-Nd alloy in the market, increasing the supply of Pr-Nd alloy in the market. Therefore, the price of Pr-Nd declined.

Market review

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

8 hours ago

Pr-Nd Led the Gains in H1: Semi-Annual Reports from 10 Rare Earth Enterprises Deliver Good News; With the Peak Season Approaching, Can the Market Rally Restart? [SMM Special Topic]

8 hours ago

20 hours ago

Germanium, Tantalum, Indium, and Pr-Nd Soar This Year, Multiple Enterprises Report Positive Interim Earnings Forecasts, Minor Metal Sector Strengthens, China Rare Earth Hits Limit Up [SMM News Flash]

20 hours ago

22 hours ago

[SMM Analysis] Pr-Nd Metal Prices Rebound Slightly, Market Awaits Peak Season Demand

SMM, Aug 14: Pr-Nd metal prices fell 1.13% this week but rebounded near the weekend to RMB 875,000/mt. Higher Pr-Nd oxide prices offered support, while volatile raw material costs kept some producers cautious. Net profit rose to RMB 2,574/mt, ending three weeks of losses. Downstream demand remained weak, but orders may improve as motor makers resume operations and the peak season approaches. Restocking could support prices, though gains depend on demand recovery and new oxide capacity.

22 hours ago