On October 16th, Asian Metal reported the average price of PrNd Oxide at 425,500 yuan per ton, showing a decrease of 1,000 yuan from the previous day, while the price of PrNd mischmetal remained stable at 526,500 yuan per ton. The PrNd market experienced a slight rise, with a tightening of low-priced oxide supplies prompting firm offers from manufacturers. Consequently, mischmetal prices edged up slightly from their lower levels, with moderate inquiry transactions. Downstream purchases were predominantly from large companies, focusing on restocking as necessary. The Dy and Tb markets remained generally stable with minimal fluctuations in oxide prices. Metal manufacturers maintained stable quotes, while downstream buyers negotiated for lower prices and showed limited interest in stock replenishment.
| Product | Unit | Low | High | Average | Movement |
| PrNd Oxide | CNY/ton | 424,000 | 427,000 | 425,500 | -1,000 |
| PrNd Mischmetal | CNY/ton | 525,000 | 528,000 | 526,500 | – |
| DyFe Alloy | CNY/kg | 1,730 | 1,750 | 1,740 | -10 |
| Tb Metal | CNY/kg | 7,250 | 7,450 | 7,350 | – |
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