SunSirs: On July 5th, the Domestic Price Trend of Praseodymium Neodymium Series Declined

https://www.chemnet.com   Jul 08,2024 SunSirs

Price trend

On July 5th, the domestic light rare earth market prices declined, with metal praseodymium neodymium prices at 445,000 RMB/ton, praseodymium neodymium oxide prices at 362,500 RMB/ton, neodymium oxide prices at 367,500 RMB/ton, metal neodymium prices dropping by 5,000 RMB/ton to 465,000 RMB/ton, metal praseodymium prices at 492,500 RMB/ton, and oxypraseodymium prices at 372,500 RMB/ton.

Market outlook

The domestic price trend of light rare earths had declined, with normal on-site sales and average downstream procurement. It is expected that the market price of light rare earths will mainly decline in the future.

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