On December 18, the average quoted price for PrNd Oxide on Asian Metal decreased by 4,000 yuan per ton to 402,500 yuan per ton, compared to the previous working day. The average quoted price for PrNd mischmetal dropped by 3,000 yuan per ton to 498,500 yuan per ton. The PrNd market continued its downward trend, with the upstream oxide market still falling, and only limited low-level transactions taking place. Cost support remained weak, leading to low metal prices. The market showed a distinct lack of strong inquiry activity, and downstream magnet manufacturers’ purchasing sentiment was weak, with risk aversion prevailing across the industry.
| Product | Unit | Low | High | Average | Movement |
| PrNd Oxide | CNY/ton | 401,000 | 404,000 | 402,500 | -4,000 |
| PrNd Mischmetal | CNY/ton | 497,000 | 500,000 | 498,500 | -3,000 |
| DyFe Alloy | CNY/kg | 1,580 | 1,600 | 1,590 | – |
| Tb Metal | CNY/kg | 7,050 | 7,150 | 7,100 | – |
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