SMM

Pr-Nd oxide price retraced down again last week. During last week, mainstream price of Pr-Nd oxide dipped from 400,000-403,000 yuan/mt on January 18 to 397,000-401,000 yuan/mt on January 25, down 0.6% WoW. Pr-Nd alloy price rose from 490,000-500,000 yuan/mt on January 18 to 495,000-500,000 yuan/mt on January 25, up 0.5% WoW.
Pre-holiday stockpiling came to an end last week. Offers were stable, while there were a few inquiries for low-priced goods and rigid demand. Therefore, transactions were minimal, in spite of low traded price.