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SunSirs: Price of Rare Earth in Domestic Market Fell Slightly (January. 6-10)

January 14 2020 13:44:37     SunSirs (Linda)

This week, some prices in the domestic rare earth market fell slightly. In recent years, downstream demand has decreased, and some prices in the rare earth market fell slightly. According to the business rare earth sector index, the rare earth index was 338 on January 9, unchanged from yesterday, 66.20% lower than the cycle's highest point of 1000 (December 6, 2011), and 24.72% higher than the lowest point of 271 on September 13, 2015. (Note: cycle refers to December 1, 2011 to now).

As of January 10, the average price of Neodymium in rare earth metals in China was 367,000RMB/ton, with a year-on-year decrease of 8.14%; the average price of dysprosium was 2,125,000RMB/ton, with a stable price trend of 28.40% year-on-year increase; the average price of praseodymium was 645,000RMB/ton, with a stable price trend, with a year-on-year decrease of 2.27%. In rare earth oxides, the average price of praseodymium neodymium oxide is 279,500RMB/ton, down 0.18%, down 11.41% year on year; the price of dysprosium oxide is 1.7 millionRMB/ton, down 0.87%, up 40.50% year on year; the average price of praseodymium oxide is 330,000RMB/ton, down 0.75%, down 16.98% year on year; the average price of neodymium oxide is 291,000RMB/ton, flat, down 7.03% year on year. The price of praseodymium neodymium alloy in rare earth alloy is 358,500RMB/ton, down 0.41%, down 11.59% year on year; the average price of dysprosium ferroalloy is 1,685,000RMB/ton, with a stable price trend this week, up 38.11% year on year.

This week, the price trend of heavy rare earth dysprosium series slightly declined. Myanmar shut down the gateway, the supply pattern of domestic heavy rare earth market changed, and the domestic supply was normal. In addition, the recent domestic demand declined, and the domestic price slightly declined. In recent years, the domestic policy is still fermenting, and the price drop of domestic heavy rare earth market is limited.

In the near future, the price of light rare earth in the rare earth market has remained stable, the price of praseodymium and neodymium products has slightly decreased, the prices of neodymium oxide and praseodymium and neodymium oxide have slightly decreased, in addition, the downstream demand for light rare earth hasn't improved significantly, the downstream businesses have a small amount of replenishment on demand, the actual transaction price is still at a low level, and there is a strong wait-and-see mood in the market. 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. Metal enterprises and downstream magnetic material enterprises are weak in buying after the festival due to the surplus of purchasing before the festival. Under the strict inspection of environmental protection, the manufacturers control the sales reasonably, but the demand of the downstream is not changed in the near future, and most rare earth prices are stable.

Rare earth analysts from SunSirs expect that the intensity of strict environmental protection inspection will not decrease in the near future, but the demand of domestic rare earth market will decrease in the near future, and the supply and demand pattern will change. It is expected that the price of heavy rare earth in rare earth market will continue to decline, and the price trend of light rare earth market will be stable temporarily.

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

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