As of October 18th, the average price of PrNd Oxide on Asian Metal reached 419,500 yuan per ton, reflecting a decrease of 5,000 yuan per ton from the previous working day. Meanwhile, the average price of PrNd mischmetal stood at 522,500 yuan per ton, down by 4,000 yuan per ton compared to the prior day. The PrNd market is continuing its weak trend, characterized by falling oxide prices and lower futures quotes. The cost-side remains sluggish, contributing to a decline in metal prices. The market atmosphere is notably quiet, with downstream buyers predominantly taking a wait-and-see approach and showing limited purchasing interest. Additionally, the Dy and Tb markets are also experiencing declines, fueled by increased low-priced oxide sales and a lack of sufficient cost-side support, leading to further reductions in metal prices. Consequently, metal manufacturers are encountering challenges in selling their products.
| Product | Unit | Low | High | Average | Movement |
| PrNd Oxide | CNY/ton | 418,000 | 421,000 | 419,500 | -5,000 |
| PrNd Mischmetal | CNY/ton | 521,000 | 524,000 | 522,500 | -4,000 |
| DyFe Alloy | CNY/kg | 1,700 | 1,720 | 1,710 | -20 |
| Tb Metal | CNY/kg | 7,150 | 7,350 | 7,250 | -50 |
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