On July 16th, the average price for PrNd Oxide reported by Asian Metal held steady at 360,500 yuan per ton, while the average price for PrNd mischmetal saw a slight reduction of 1,000 yuan, bringing it down to 447,500 yuan per ton. The PrNd market continued to operate weakly, with minor decreases in both oxide and metal prices. The metal market was lukewarm, characterized by low enthusiasm for inquiries and insufficient new orders from magnet manufacturers. There was a low intent to restock raw materials, with demand remaining tepid and primarily influenced by fluctuations in the upstream raw material market. This trend led to a decline in oxide prices and corresponding lower metal quotes. The markets for Dy and Tb also continued their weak performance, lacking order support. This resulted in a pessimistic trader sentiment and insufficient market confidence, with mainstream quotes remaining low and actual transactions being poor.
| Product | Unit | Low | High | Average | Movement |
| PrNd Oxide | CNY/ton | 358,000 | 363,000 | 360,500 | – |
| PrNd Mischmetal | CNY/ton | 445,000 | 450,000 | 447,500 | -1000 |
| DyFe Alloy | CNY/kg | 1,700 | 1,720 | 1,710 | – |
| Tb Metal | CNY/kg | 6,450 | 6,650 | 6,550 | – |
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