On October 23, the average price for PrNd Oxide quoted by Asian Metal was 421,500 yuan per ton, remaining stable compared to the previous working day; the average price for PrNd mischmetal was 521,500 yuan per ton, down by 3,000 yuan per ton from the previous working day. The PrNd market is primarily consolidating, with a slight decrease in oxide prices, but high-priced transactions are under pressure. Metal prices are weakly stable, and downstream purchases are mainly driven by large manufacturers’ bidding, with few purchases from small and medium-sized manufacturers. Overall demand is sluggish, with low inquiry prices. The price of DyFe alloy has decreased, with limited support from oxides. Metal manufacturers are seeing insufficient inquiries, sluggish shipments, and a low market sentiment, primarily discounting to sell. The price of Tb metal remains stable, but low-priced Tb Oxide spot availability is scarce, providing some support to the metal market.
| Product | Unit | Low | High | Average | Movement |
| PrNd Oxide | CNY/ton | 420,000 | 423,000 | 421,500 | – |
| PrNd Mischmetal | CNY/ton | 520,000 | 523,000 | 521,500 | -3,000 |
| DyFe Alloy | CNY/kg | 1,690 | 1,710 | 1,700 | -30 |
| Tb Metal | CNY/kg | 7,100 | 7,300 | 7,200 | – |
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