On October 29, PrNd Oxide prices, as reported by Asian Metal, averaged 425,500 yuan per ton, marking an increase of 5,000 yuan per ton from the prior day. PrNd mischmetal prices also rose to 523,500 yuan per ton, reflecting an increase of 4,000 yuan. The PrNd market shows an upward trend, driven by rising morning futures prices, which have positively influenced overall market sentiment. Mainstream oxide quotes have risen accordingly, though actual transactions are still under observation. Metal prices have followed this upward trend, but inquiry activity remains weak, causing challenges for metal manufacturers in making shipments. Downstream magnet manufacturers remain cautious about their purchases, contributing to restrained market movement. The Dy and Tb markets are also continuing their upward trend, supported by high oxide prices and limited availability of low-cost supplies. Strong cost-side support is pushing metal prices higher, although transaction activity remains somewhat limited.
| Product | Unit | Low | High | Average | Movement |
| PrNd Oxide | CNY/ton | 424,000 | 427,000 | 425,500 | +5,000 |
| PrNd Mischmetal | CNY/ton | 522,000 | 525,000 | 523,500 | +4,000 |
| DyFe Alloy | CNY/kg | 1,700 | 1,720 | 1,710 | – |
| Tb Metal | CNY/kg | 7,200 | 7,400 | 7,300 | – |
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