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SunSirs: Good Support Still Exists in Domestic Rare Earth Market

January 19 2020 08:17:00     SunSirs (Linda)

Recently, the price of rare earth in China has remained stable, and the market price of some light rare earth has increased slightly. The price trend of some rare earth products in China is shown in the following chart:

In recent years, the price trend of heavy rare earth market in China is stable, as of the 16th, the price of dysprosium oxide is 1.7 millionRMB/ton; the price of dysprosium ferroalloy is 1.685 million RMB/ton; the price of some light rare earth market in China is also rising, the price of neodymium oxide as of the 16th is 292,000RMB/ton, the price trend is stable; the price of praseodymium neodymium alloy is 358,000RMB/ton, the price trend is stable; the price of praseodymium neodymium oxide is 279,000 RMB/ton . The price of neodymium increased by 500RMB/ton to 367,500RMB/ton. In recent years, the price trend of heavy rare earth in China has been stable, and some prices in light rare earth market have risen. Affected by favorable national policies, the domestic rare earth market has maintained a high level.

On January 15, the rare earth index was 338, unchanged from yesterday, 66.20% lower than the cycle's highest point of 1,000 (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).

Recently, 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 domestic support for the export of rare earth industry, 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 remain high after the Spring Festival, and the trend of light rare earth market will be improved.

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

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