On October 31, PrNd Oxide prices averaged 423,500 yuan per ton, down by 2,000 yuan per ton compared to the previous day, while PrNd mischmetal prices averaged 522,500 yuan per ton, down by 1,000 yuan. The PrNd market is operating steadily, with stable quotes for both oxide and metal. Merchants are primarily adopting a wait-and-see approach, resulting in low market activity as they await the announcement of rare earth product prices at the beginning of the month. The Dy market remains stable, with metal manufacturers maintaining steady quotes and downstream magnet manufacturers purchasing based on need. Tb Oxide prices have risen, driven by strong cost-side support, though inquiries for Tb metal are moderate, showing little upward momentum.
| Product | Unit | Low | High | Average | Movement |
| PrNd Oxide | CNY/ton | 422,000 | 425,000 | 423,500 | -2,000 |
| PrNd Mischmetal | CNY/ton | 521,000 | 524,000 | 522,500 | -1,000 |
| DyFe Alloy | CNY/kg | 1,700 | 1,720 | 1,710 | – |
| Tb Metal | CNY/kg | 7,350 | 7,450 | 7,400 | +50 |
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