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SunSirs: On February 13, Some prices in Chinese Rare Earth Market Rose
February 14 2020 08:35:00SunSirs(Linda)

On February 13, the rare earth index was 339, up 1 point from February 12, 66.10% lower than the highest point in the cycle, 1,000 (December 6, 2011), and 25.09% higher than the lowest point, 271, on September 13, 2015. (Note: cycle refers to December 1, 2011 to now).

The average price of neodymium, dysprosium and praseodymium in rare earth metals increased by 1,000 RMB/ton to 368,500 RMB/ton, 2,125,000 RMB/ton and 645,000 RMB/ton respectively. In rare earth oxides, the average price of praseodymium neodymium oxide rose by 1,500 RMB/ton to 284,000 RMB/ton; dysprosium oxide rose by 20,000 RMB/ton to 1,725,000 RMB/ton; praseodymium oxide rose by 330,000 RMB/ton; and neodymium oxide rose by 1,000 RMB/ton to 294,500 RMB/ton. The price of praseodymium neodymium alloy in rare earth alloy increased by 3,500 RMB/ton to 361,500 RMB/ton, and the average price of dysprosium ferroalloy increased by 20,000 RMB/ton to 17,005,000 RMB/ton.

The price trend of heavy and rare earth in the rare earth market is rising, the domestic supply policy of heavy and rare earth market, the export of heavy and rare earth is normal, Myanmar unilaterally closes the customs clearance port, the domestic supply is reduced, in addition, due to the impact of the recent epidemic, some rare earth products are not fully back to work, the domestic supply of rare earth prices is tight, and the domestic price trend of heavy and rare earth is rising. In addition to the recent resumption of production of some permanent magnet products, as well as the exhaustion of some inventory during the Spring Festival, the market trend of PR nd series products increased slightly, the supply in the field was tight, the recent demand for light rare earth was average, and the market price rose slightly. The price fluctuation of rare earth market is related to the national environmental protection supervision. Rare earth production has particularity, especially some products have radiation hazards, which makes the environmental protection supervision more strict. Under the strict inspection of environmental protection, the manufacturers reasonably controlled the sales. In addition, affected by the epidemic situation, some enterprises have not yet started construction, but the demand in the downstream has not changed much in the near future, and most rare earth prices are stable.

Rare earth PR nd and Dy TB are mainly used in NdFeB magnetic steel. Recently, the Ministry of industry and information technology and the Ministry of natural resources jointly issued a notice to release the total amount control indicators of rare earth mining and smelting separation and tungsten mining in 2019. The Ministry of industry and information technology of China announced that the total amount of rare earth mining and smelting separation in 2019 was 132,000 tons and 127,000 tons respectively, while the quota of rare earth mining in 2018 was 120,000 tons, an increase of 12,000 tons, and the data in 2019 It's the highest year since 2014. In addition, the Ministry of industry and information technology, together with relevant departments, drafted the development plan of new energy vehicle industry (2021-2035). After 15 years of continuous efforts, China's core technology of new energy vehicles will reach the international leading level. By 2025, the proportion of new energy vehicle sales will reach about 25%. Driven by national policies, the supply and demand pattern of rare earth industry is expected to further improve, and China's domestic demand is expected to further improve The price of heavy rare earth in the domestic rare earth market remained high.

Rare earth analysts of SunSirs expect that in the near future, the intensity of strict environmental protection inspection in China will not be reduced, coupled with domestic support for the export market of rare earth industry, the supply and demand pattern is improving in a good way, and transportation is still limited in the near future, and the market price of rare earth is expected to continue to rise.

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