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          Through my commitment to sharing industry insights and innovations in our blog, I aim to establish a strong foundation of trust and transparency between our valued customers and myself. Rest assured, at Tengye, your magnetic solutions are in capable and experienced hands.

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PrNd Price Trend – 29 March 2022

PrNd price: increasing and increasing

PrNd is the abbreviation of Praseodymium Neodymium – one of the main ingredients of NdFeB magnets.  It is a rare earth alloy that contains 75% Neodymium and 25% Praseodymium.

Unstable Magnet Price & Sluggish Rare Earth Magnet market

In the neodymium magnet industry, magnet companies experience ups and downs solely depending on PrNd price trend. During the period of PrNd price going down, we observe less orders and inquiries. As the price hits a certain low point, we may be filled with large orders of neodymium magnets. 

PrNd price has gone from 1200k to 770k CYN/TON half year from now.

Jonah Jin

Jonah Jin

As the Managing Director of Tengye, I bring a wealth of knowledge and experience to the table, with expertise spanning sales, technical aspects, purchasing, and more. My all-around proficiency in the world of magnets and magnetic assemblies ensures that I can provide comprehensive solutions to meet our clients' diverse needs. Through my commitment to sharing industry insights and innovations in our blog, I aim to establish a strong foundation of trust and transparency between our valued customers and myself. Rest assured, at Tengye, your magnetic solutions are in capable and experienced hands.
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Jonah Jin

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