Price trend
On August 2nd, some prices in the domestic light rare earth market increased. The price of metal praseodymium neodymium was 567,500 RMB/ton, the price of praseodymium neodymium oxide increased by 2,500 RMB/ton to 470,000 RMB/ton, the price of neodymium oxide was 482,500 RMB/ton, the price of metal neodymium was 597,500 RMB/ton, the price of metal praseodymium was 622,500 RMB/ton, and the price of praseodymium oxide was 477,500 RMB/ton.
Analysis review
The prices of domestic light rare earths had increased, the on-site sales situation was normal, while the downstream procurement situation was average.
Market outlook
It is expected that the price of light rare earths will mainly remain stable in the later stage.
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