English
As November draws to a close, a review of the entire month shows that the prices of Pr-Nd oxide and Pr-Nd alloy both fell by 2.6%, while the price of dysprosium oxide dropped even faster, with a decline of nearly 5%.
At the beginning of the month, driven by a slight increase in the listing prices of China Northern Rare Earth, market confidence was somewhat boosted, and Pr-Nd prices showed a slight fluctuation upward in the early part of the month. However, this positive trend was short-lived. With the continued sluggish downstream demand and insufficient order release, Pr-Nd prices continued to fluctuate downward. On November 20, influenced by market news, Pr-Nd prices experienced a rapid decline.
According to the survey, the order prices for downstream magnetic material enterprises were mostly about 500,000-510,000 yuan/mt. When Pr-Nd alloy prices fell to a lower level that met the psychological expectations of magnetic material factories, market inquiry and procurement activity began to increase, and Pr-Nd prices rebounded again in the latter part of the month.
Currently, end-use consumer demand remains weak, with overall order releases being limited and low acceptance of high-priced magnetic materials, resulting in significant price pressure. Although there may be some stockpiling demand from December to before the Chinese New Year, downstream customers remain cautious in placing orders, thus the increase in orders is expected to be limited.
“Source:Shanghai Metals Market”
