On December 9, the average quoted prices for PrNd Oxide and PrNd mischmetal on Asian Metal remained steady at 411,500 yuan per ton and 507,500 yuan per ton, respectively. The PrNd market experienced slight fluctuations, with upstream oxide prices seeing marginal declines. High-level transactions were challenging, leading to downward adjustments in mainstream quotes due to limited cost-side support. Metal prices stayed weak and stable, with the market sentiment appearing sluggish amid low inquiry levels and minimal transaction volumes.
In the Dy and Tb markets, oxide prices fell further, reflecting weak inquiry activity and low purchasing levels. Market confidence was notably low, with the metal market continuing to exhibit weakness and stagnation. Downstream buyers showed little interest in purchasing, creating room for additional price reductions.
| Product | Unit | Low | High | Average | Movement |
| PrNd Oxide | CNY/ton | 410,000 | 413,000 | 411,500 | – |
| PrNd Mischmetal | CNY/ton | 506,000 | 509,000 | 507,500 | – |
| DyFe Alloy | CNY/kg | 1,600 | 1,620 | 1,610 | – |
| Tb Metal | CNY/kg | 7,150 | 7,250 | 7,200 | -30 |
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