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SunSirs: Multiple Benefits Support Heavy Rare Earth Price Increase up to 13.5% Monthly
December 13 2019 16:36:59SunSirs(Linda)

Recently, the price of domestic rare earth has continued to rise. Since November 6, the price of domestic heavy rare earth has increased by 13.52%. Supported by the price of domestic heavy rare earth market, the market price of light rare earth has increased correspondingly.

As of December 12, the price of dysprosium oxide is 1.72 million RMB/ton, with a monthly increase of 13.52%; the price of dysprosium ferroalloy is 1.67 million RMB/ton, with a monthly increase of 11.55%; the market price of some light rare earth in China has also increased, the price of neodymium oxide is 293,500RMB/ton, with a monthly increase of 2.8%; the price of praseodymium neodymium alloy is 366,500 RMB/ton, with a monthly increase of 1.55%; The price of praseodymium neodymium oxide is 291,500RMB/ton, with a monthly increase of 2.82%. In recent years, the domestic price of heavy rare earth has increased substantially, and the market price of light rare earth has increased correspondingly. Affected by favorable national policies, the domestic rare earth market has improved.

On December 11, the rare earth index was 341, unchanged from yesterday, 65.90% lower than the cycle's highest point of 1000 (December 6, 2011), and 25.83% higher than the lowest point of 271 on September 13, 2015. (Note: cycle refers to December 1, 2011 to now).

The price of rare earth in the market has risen sharply. The domestic supply policy of heavy rare earth market, the export of heavy rare earth have improved, and the domestic market of heavy rare earth is very good. In addition, the demand for permanent magnet has increased recently, the market trend of praseodymium and neodymium series products has rebounded, the on-site supply is normal, the demand for light rare earth in the near future is general, and the market price has not increased much. 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, coupled with favorable support for the export of rare earth industry in China, 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 will continue to rise, and the price of light rare earth will also rise slightly.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.

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