Latest price of praseodymium oxide (4-17): 485000 RMB/ton, bearish in the future

Key points of analysis: The continuous lack of downstream demand for rare earths has exacerbated the wait-and-see sentiment of buyers, and the light rare earth market has once again declined. The order situation in the domestic terminal market has not significantly improved. Overall, the order volume has decreased, and large manufacturers have a clear competitive advantage. Some small and medium-sized neodymium iron boron enterprises are facing operational difficulties. In addition, the operation of enterprises with export orders is not ideal, as raw material prices fluctuate sharply, allowing enterprises to more accurately judge market trends. The order situation of downstream magnetic material enterprises has remained sluggish, with magnetic material factories mainly consuming existing inventory. The actual transaction price of rare earths continues to shift downward, putting pressure on the rare earth market. The pessimism in the rare earth market is heavy. Most of the operators continue to be short of the short-term price of rare earth. Affected by multiple factors, the price of the domestic rare earth market continues to decline.

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