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SunSirs:Prices of Chinese Rare Earth Rose Partly
December 11 2019 10:46:20SunSirs(Linda)

On December 9, the rare earth index was 340 points, unchanged from yesterday, 66.00% lower than the highest point in the cycle, 1000 points (December 6, 2011), and 25.46% higher than the lowest point, 271 point, on September 13, 2015. (Note: cycle refers to December 1, 2011 to now).

The average prices of neodymium, dysprosium and praseodymium are 364,500RMB/ton, 2,075,000RMB/ton, 650,000RMB/ton, respectively. In rare earth oxides, the average price of praseodymium neodymium oxide is 289,500RMB/ton; the price of dysprosium oxide increases by 20000RMB/ton to 1710,000RMB/ton; the average price of praseodymium oxide is 342,500RMB/ton; the average price of neodymium oxide is 291,500RMB/ton. The price of praseodymium neodymium alloy in rare earth alloy is 364,500RMB/ton; the average price of dysprosium ferroalloy increases by 10,000RMB/ton to 1,680,000RMB/ton.

The prices of heavy rare earth in the rare earth market continued to rise, the domestic supply policy of heavy rare earth market, the export of heavy rare earth improved, and the domestic price trend of heavy rare earth continued to rise. 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.

Rare earth analysts of SunSirs expect that the recent domestic environmental protection scrutiny will not be reduced. In addition, the domestic export of rare earth industry will be well supported, and the supply and demand pattern is improving in a good way. It is expected that the price of heavy rare earth in the rare earth market is still expected to continue to rise, and the light rare earth affected will also have a rebound.

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