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SunSirs: Some Prices in Domestic Rare Earth Market Rose

February 10 2020 09:53:21     SunSirs (Linda)

On February 7, 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).

The average price of neodymium, dysprosium and praseodymium is 367,500 RMB/ton, 2,125,000 RMB/ton and 645,000 RMB/ton respectively. The average price of praseodymium neodymium oxide in rare earth oxide increased to 281,000 RMB/ton; the price of dysprosium oxide was 1,705,000 million RMB/ton; the average price of praseodymium oxide was 330,000 RMB/ton; the average price of neodymium oxide increased by 1,500 RMB/ton to 293,500 RMB/ton. The price of praseodymium neodymium alloy was 358,000 RMB/ton, and the average price of dysprosium ferroalloy is 1,685,000 RMB/ton.

The price trend of heavy and rare earths in the rare earth market is temporarily stable. The supply policy of domestic heavy and rare earths market is normal. Myanmar unilaterally closes the customs clearance port, the domestic supply is reduced, and the price trend of domestic heavy and rare earths is stable. In addition, the demand for permanent magnet has not changed much in the near future, the market trend of PR nd series products has increased slightly, the on-site supply is normal, the demand for light rare earth is general in the near future, and the market price has increased slightly. 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 manufacturers reasonably controlled the sales. In addition, affected by the epidemic situation, some enterprises have not yet started construction, but the demand in the downstream has not changed much in the near future, and most of the rare earth prices are stable.

Rare earth analysts of SunSirs expect that the recent domestic environmental protection scrutiny will not be reduced, coupled with domestic support for the export market of the 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, while the price of light rare earth will mainly fluctuate.

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