SunSirs: On June 12th, Some Prices of Praseodymium Neodymium Series in China Declined

https://www.chemnet.com   Jun 13,2024 SunSirs

Price trend

On June 12th, some prices in the domestic light rare earth market declined. The price of metal praseodymium neodymium decreased by 5,000 RMB/ton to 445,000 RMB/ton, the price of praseodymium neodymium oxide decreased by 7,500 RMB/ton to 355,000 RMB/ton, the price of neodymium oxide decreased by 5,000 RMB/ton to 362,500 RMB/ton, the price of metal neodymium was 470,000 RMB/ton, the price of metallic praseodymium was 50.25 RMB/ton, and the price of praseodymium oxide decreased by 10,000 RMB/ton to 367,500 RMB/ton.

Market outlook

The domestic price trend of light rare earths is temporarily stable, with average on-site sales and poor downstream procurement. It is expected that the price will mainly fluctuate and decrease in the later period.

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