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SunSirs: Chinese Rare Earth Prices are Mixed
November 30 2019 14:18:42SunSirs(Linda)

On November 27, the rare earth Commodity Index was 336, the same as that of November 26, 66.40% lower than the peak of 1,000 in the cycle (Dec 6, 2011), and 23.99% higher than the lowest point of 271 (Sep 13, 2015). (Cycle: Dec 1, 2011 to date)

The average price of neodymium, dysprosium and praseodymium in rare earth metals decreased by 3,000RMB/ton to 360,000RMB/ton, 2,035,000RMB/ton and 650,000RMB/ton respectively. The average price of praseodymium neodymium oxide in rare earth oxide decreased by 500RMB/ton to 284,500RMB/ton; the price of dysprosium oxide increased by 10,000RMB/ton to 1,630,000RMB/ton; the average price of praseodymium oxide was 335,000RMB/ton; the average price of neodymium oxide decreased by 500RMB/ton to 286,500RMB/ton. The price of praseodymium neodymium alloy in rare earth alloy decreased by 3,000RMB/ton to 360,000RMB/ton; the average price of dysprosium ferroalloy increased by 10,000RMB/ton to 1,620,000RMB/ton.

The price of heavy rare earth in the rare earth market rose, the domestic supply policy of heavy rare earth market, the export of heavy rare earth improved, and the domestic price of heavy rare earth rebounded and rose. In addition, the demand for permanent magnet has increased recently, the market trend of PR nd series products is general, the on-site supply is normal, the demand for light rare earth is general in the near future, and the market price remains low. 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 manufacturer reasonably controls the sales, but the downstream demand has not changed much in the near future, and the price trend of most rare earths is mainly stable.

The Ministry of industry and information technology and the Ministry of natural resources issued the notice on the total amount control indexes of rare earth mining and smelting separation and tungsten mining in 2019. The total amount control indexes of rare earth mining and smelting separation in 2019 were 132,000 tons and 127,000 tons respectively. The total control index of tungsten concentrate (65% of tungsten trioxide) mining in China is 105,000 tons, including 78,150 tons of main mining index and 26,850 tons of comprehensive utilization index. In addition, the national environmental protection department has made unremitting efforts in strict inspection, which has a great impact on the rare earth industry. The rare earth industry has a relatively low start-up situation, and the market situation is cold, which has brought some good support to the rare earth market. Recently, Geng Shuang, spokesman of the Ministry of foreign affairs, said that China is the world's largest country in rare earth reserves and production, and plays an important role in the global rare earth industry chain. China has been adhering to the principle of openness, coordination and sharing, promoting the development of domestic rare earth industry, and is willing to meet the legitimate needs of the development of all countries in the world with rare earth resources and products, so as to promote China's economy and the world Economic development plays an active role. China's rare earth production accounts for 73% of the world's total, ranking first in the world and playing an important role in the game between big countries. Rare earth PR nd and Dy TB are mainly used in NdFeB magnetic steel. The supply and demand pattern of rare earth industry is expected to further improve, China's domestic demand has improved, and the price of domestic rare earth market has increased.

Rare earth analysts of SunSirs expect that in the near future, the intensity of strict environmental protection inspection will not be reduced in China. In addition, the order of rare earth industry will be rectified in China, and the supply of rare earth industry in Jiangxi will maintain a low level. However, in the near future, the national rare earth export will get good support, and the rare earth market is expected to rise slightly.

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