Latest price of metal praseodymium (5-8): 570000 RMB/ton, bearish in the future

Analysis points: The decline on May 8th was 6.56%. There are not many orders in the domestic end market, and large manufacturers have obvious competitive advantages. Some small and medium-sized neodymium iron boron enterprises face operational difficulties. In addition, the operation of enterprises with export orders is not ideal, and due to the drastic fluctuations in raw material prices, the purchasing party has a serious resistance mentality. The order situation of downstream magnetic material enterprises has remained sluggish, with magnetic material factories mainly consuming existing inventory. Some traders are concerned about the market, while most merchants maintain a cautious wait-and-see attitude, putting pressure on the rare earth market.

Future Market Forecast: In the near future, rare earth manufacturers have normal production and supply, but their inventory is high, mainly focused on digesting inventory. Downstream enterprise orders have not shown a significant improvement, coupled with slow economic recovery, there is currently no good news in the market. However, rare earth prices have been declining for a long time, and enterprise costs are high. There is a slight increase in demand in the short term, and it is expected that the decline in rare earth prices will slow down.

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