Praseodymium Oxide Price Trend and Forecast

Praseodymium Oxide Regional Price Overview

Get the latest insights on price movement and trend analysis of Praseodymium Oxide in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).


Praseodymium Oxide Price Trend for the Second Half of 2023

Praseodymium oxide prices were observed to be dwindling for most of the said period of H2’23. Praseodymium oxide is primarily used by the nanodevices and microelectronic industries for manufacturing semiconductors and energy storage purposes. So, the demands from these sectors influence the market’s performance to a great extent.

Praseodymium Oxide Price Chart

Praseodymium Oxide Price Trends and Forecast

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China is the biggest supplier of these rare earth metals in the global markets, so, the price trend is greatly determined by its performance in the Chinese market. In December 2023, the Praseodymium oxide in the Chinese market exhibited a month-on-month decrease of about 8% and a year-on-year decrease of around 31%. Stacked inventory volumes amidst dull demands pushed the price trend downwards. Overall, muted market sentiments were witnessed.

Analyst Insight

According to Procurement Resource, Praseodymium prices are expected to plummet further going forward as the inventories will continue to dominate the dwindling demands.

Praseodymium Oxide Price Trend for the First Half of 2023

Praseodymium is a light rare earth metal primarily used alongside Neodymium Oxide for deep cleaning, glass manufacturing, ceramics, high magnetic materials, chemical catalysts, nanodevices, and microelectronics. China is the biggest producer and supplier of such rare earth metal oxides.

During the first half of the year 2023, the price trend for Praseodymium Oxide observed fluctuating patterns, which finally turned negative/southwards at the end of the second quarter. Praseodymium Oxide, though found naturally in mineral form along with Neodymium oxide, can also be produced from Nitrates or Hydroxides of Praseodymium. Overall, the Praseodymium Oxide market remained anchored throughout the said period.

Analyst Insight

According to Procurement Resource, after declining in the last quarter of H1, the Praseodymium Oxide prices are expected to stabilize in the upcoming months.

Procurement Resource provides latest prices of Praseodymium Oxide. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.

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About Praseodymium Oxide

Praseodymium oxide is a white solid inorganic compound.  It is most stable in its cubic fluorite structure and has wide applications in chemical catalysis, nanodevices and microelectronics.

Praseodymium Oxide Product Details

Report Features Details
Product Name Praseodymium Oxide
Industrial Uses Chemical catalyst, nanodevices and microelectronics
Chemical Formula Pr6O11
CAS Number 12037-29-5
Molecular Weight 1021.44 g/mol
Supplier Database BASF, Dow, Eastman, Oxea, Sasol, Wu Jiang Chemical, Zibo Nalcohol Chemical
Region/Countries Covered Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand

Europe: Germany, France, United Kingdom, Italy,  Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece

North America: United States and Canada

Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru

Africa: South Africa, Nigeria, Egypt, Algeria, Morocco
Currency US$ (Data can also be provided in local currency)
Supplier Database Availability Yes
Customization Scope The report can be customized as per the requirements of  the customer
Post-Sale Analyst Support 360-degree analyst support after report delivery

Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.

Praseodymium Oxide Production Processes

Praseodymium oxide can be produced from Praseodymium nitrate or Praseodymium hydroxide. When heated or calcined, praseodymium nitrate or Praseodymium hydroxide gives Praseodymium oxide.


The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).

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