This week, Pr-Nd oxide prices exhibited slight fluctuations. At the beginning of the week, the weak trend from last week continued; by mid-week, due to futures market price fluctuations and periodic restocking by some large enterprises, market inquiry activity picked up, leading to a slight increase in Pr-Nd oxide prices. However, overall market confidence remained insufficient, with downstream buyers being quite cautious in restocking, and actual trading volume did not increase significantly.
As for the medium-heavy rare earth sector, it is currently in the demand off-season, and market inquiry activity remained sluggish. Some traders chose to sell inventory at lower prices, which kept dysprosium oxide and terbium oxide prices under pressure.
Looking ahead, although downstream enterprises have relatively low raw material inventory levels, due to persistently weak orders, these enterprises have relatively small interest in stockpiling more raw materials. In the short term, market inquiries and procurement activities are expected to remain weak, and the overall price trend of rare earth oxides is likely to maintain a fluctuating trend with a downward bias.
![[SMM Rare Earth Morning Meeting Summary] Pr-Nd oxide pulled back slightly with more low-priced supplies, medium-heavy rare earths remained stable, and magnetic material producers operated at low rates with limited orders.](https://imgqn.smm.cn/usercenter/THqPM20251217171743.jpeg)
![[SMM Rare Earth Morning Meeting Summary] Pr-Nd series raised by futures boost but transactions failed to follow, medium-heavy rare earth dysprosium and terbium stable with slight adjustments, magnetic material followed the rise but spot orders limited](https://imgqn.smm.cn/usercenter/UXEpx20251217171743.jpeg)
