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SunSirs: On December 6th, Prices of Some Domestic Praseodymium Neodymium Series Products Declined

December 07 2023 14:43:00     SunSirs (John)

Price trend

On December 6th, some prices in the domestic light rare earth market declined. The price of metal praseodymium neodymium was 580,000 yuan/ton, the price of praseodymium neodymium oxide was 472,500 yuan/ton, the price of neodymium oxide decreased by 5,000 yuan/ton to 482,500 yuan/ton, the price of metal neodymium decreased by 5,000 yuan/ton to 612,500 yuan/ton, the price of metal praseodymium decreased by 20,000 yuan/ton to 605000 yuan/ton, and the price of praseodymium oxide decreased by 10,000 yuan/ton to 485000 yuan/ton.

Market outlook

The prices of domestic light rare earths had decreased, and the on-site sales situation was normal. The downstream procurement situation was average, and it is expected that the prices will mainly decline in the later stage.

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