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SMM China Rare Earth Market Daily on December 16
Dec 16, 2024, at 6:28 pm
[December 16th SMM China Rare Earth Market Daily] Today, Pr-Nd prices continued their downward trend. In the morning, most market participants showed low confidence in the future market, with separation plants offering fewer active quotations, while some traders actively quoted at lower prices, leading to a significant decline in market transaction prices. In the Ningbo region, low-priced Pr-Nd alloy was still quoted, but actual trading volume was not high. Dysprosium and terbium products had relatively firm quotations today, with no significant fluctuations observed.
SMM, December 16: Today, Pr-Nd prices continued their downward trend. In the morning, most market participants lacked confidence in the outlook, with separation plants offering fewer active quotations, while some traders actively quoted at lower prices, leading to a noticeable decline in transaction prices. In the Ningbo region, low-priced Pr-Nd alloy was still quoted, but actual trading volume was not high. Dysprosium and terbium products had relatively firm quotations today, with no significant fluctuations observed.
