The market resumed after May Day, and Pr-Nd continued to rise

Supported by the tight supply of rare earth minerals, waste materials and other raw materials, Pr-Nd manufacturers are reluctant to sell and wait to rise. After the festival, the market atmosphere of Pr-Nd was active, some cargo holders tentatively raised their quotations, and the supply of Pr-Nd at low prices was tightened. At present, the mainstream price including tax of Pr-Nd  oxide is 865000-87000 yuan / ton, and the mainstream price including tax of Pr-Nd metal is 1050000-1060000 yuan / ton. The specific transaction needs to be followed up.

Some manufacturers said that the supply side is well supported, and the market sentiment of upstream Pr-Nd oxide is relatively optimistic. However, affected by the epidemic, the orders of magnetic materials have yet to be restored, and the downward transmission of costs is limited. Whether the price of Pr-Nd can continue to rise or not, we still have to pay attention to the listing price of rare earths in the north and the recovery of downstream demand.