SunSirs: On October 11th, Some Prices of Praseodymium Neodymium Series in China Decreased
October 12 2023 13:56:44 SunSirs (John)
Price trend
On October 11th, some prices in the domestic light rare earth market declined. The price of metal praseodymium neodymium decreased by 2,500 RMB/ton to 652,500 RMB/ton, the price of praseodymium neodymium oxide decreased by 2,500 RMB/ton to 530,000 RMB/ton, the price of neodymium oxide was 537,500 RMB/ton, the price of metal neodymium was 680,000 RMB/ton, the price of metal praseodymium was 685,000 RMB/ton, and the price of praseodymium oxide was 532,500 RMB/ton.
Analysis review
The prices of light rare earths in the market had declined, and the sales situation on the market was normal, while the downstream procurement situation was average.
Market outlook
It is expected that prices will decrease slightly in the future.
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