Magnetics Restocking Pauses,Raw Material Prices Dip[SMM Analysis]
SMM News: On September 16, the Pr-Nd alloy was quoted at 700,000-710,000 yuan/mt, down by 5,000 yuan/mt compared with September 15. On September 17, the Pr-Nd alloy was quoted at 695,000-705,000 yuan/mt, a decrease of 5,000 yuan/mt. The Pr-Nd alloy market experienced two consecutive declines after a rapid rise. Behind the declines, the end of rigid demand and the lack of sustained demand growth support were undoubtedly the most important factors.
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