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05 2017
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Praseodymium neodymium prices stabilized

July 24, 2017      Source:ruidow

Keywords:rare earth


The current market price of praseodymium neodymium oxide was RMB 355,000-370,000 / tonnes, praseodymium neodymium metal market price was RMB 455,000-470,000 / tonnes, the market also had a relatively higher offer, but the downstream was more difficult to accept. The majority of the holders were satisfied with the current price, and more holders were willing to sell the stocks; overall, praseodymium neodymium market showed slightly stabilized signs, the price was relatively stable, although the inquiry has increased, the actual transaction has not been a significant substantive changes, some customers temporarily chose to wait and see.

September and October will be the annual relatively strong period for NdFeB industry, from the current situation, after a series of actions on the two national reserves, against illegal mining and on environmental protection inspections, the next period of time the market supply is still not enough for the next period of time, praseodymium neodymium prices will keep long-term bullish trend.

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