As costs provided support and separation plants have concentratedly delivered long-term orders recently, Pr-Nd prices started to rebound

Published: Jul 26, 2024 18:41

Source: SMM

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This week, Pr-Nd oxide prices showed an overall upward trend.

This week, Pr-Nd oxide prices showed an overall upward trend. During the week, the mainstream prices of Pr-Nd oxide increased from last Thursday's 359,000-361,000 yuan/mt to this Thursday's 363,000-364,000 yuan/mt, an increase of about 1% WoW. The price of Pr-Nd alloy rose from last Thursday's 443,000-444,000 yuan/mt to this Thursday's 447,000-449,000 yuan/mt, an increase of about 1% WoW.

Supported by costs, Pr-Nd prices were difficult to continue falling. Additionally, as separation plants have concentratedly delivered long-term orders recently, Pr-Nd prices started to rebound.

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