The Pr-Nd Metal market is crazy, and the quotation of Pr-Nd Alloy exceeds 1 million

At the beginning of this week, the Pr-Nd Alloy market was still in a steady upward trend, the downstream inquiry was active, some cargo holders followed the market, and a small number of transactions of Pr-Nd Alloy were concluded one after another. The night before yesterday, the rare earth Exchange announced the suspension of the special bidding transaction of rare earths in the north. With the continuous fermentation of the news, the Pr-Nd Alloy market fell into a frenzy yesterday morning. The cargo holders were reluctant to sell and did not offer to ship temporarily. And market quotations were all chaotic and the span of high and low prices was too large.

Yesterday morning, there was a small amount of transactions in the market for Pr-Nd Oxide of 820000 yuan / ton, with individual quotation exceeding 850000 yuan / ton,  Pr-Nd Alloy quotation exceeding 1 million yuan / ton and individual quotation of 1.05 million yuan / ton. In the afternoon, the quotation of Pr-Nd Oxide in the market was generally strong, 850000 yuan / ton and above, and it was difficult to find low price spot. The market has a strong upward atmosphere, and the general quotation is a single order discussion. In the short term, the Pr-Nd Alloy market may continue to run strong.