SunSirs--China Commodity Data Group

Member ID: password: Join Now!
Commodity News

SunSirs: Medium and Heavy Rare Earth Rise due to Import Obstruction

February 19 2020 09:43:00     SunSirs (Linda)

On February 17, the rare earth index was 340 points, unchanged from 16th, 66.00% lower than the highest point in the cycle, 1,000 points (December 6, 2011), and 25.46% higher than the lowest point, 271 points, on September 13, 2015. (Note: cycle refers to December 1, 2011 to now).

The average price of neodymium, dysprosium and praseodymium was 368,500 RMB/ton, 2,175,000 RMB/ton and 645,000 RMB/ton respectively. In rare earth oxides, the average price of praseodymium neodymium oxide was 284,000 RMB/ton; that of dysprosium oxide was 15,000 RMB/ton to 1,750,000 RMB/ton; that of praseodymium oxide is 330,000 RMB/ton; and that of neodymium oxide was 294,500 RMB/ton. The price of praseodymium neodymium alloy in the rare earth alloy was 361,500 RMB/ton; the average price of dysprosium ferroalloy rose 30,000 RMB/ton to 1,735,000 RMB/ton.

The price trend of heavy and rare earth in the rare earth market is rising, and people in the market are optimistic about the future market. Myanmar unilaterally closed the customs clearance port, reducing domestic imports. In addition, due to the impact of the coronavirus in the near future, some rare earth products have not been fully restored to work. The price supply of medium and heavy rare earth in China is tight, and the price trend in China is rising. In addition to the recent resumption of production of some permanent magnet products, as well as the exhaustion of some inventory during the Spring Festival, the market trend of PR nd series products increased slightly, the supply in the field was tight, the recent demand for light rare earth was average, and the market price rose 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 rare earth prices are stable.

According to the Ministry of industry and information technology and other documents, by 2025, the sales of new energy vehicles will account for about 25%. Global electrification is stepping into the acceleration period of high-quality models at the supply side. China's double point policy and European carbon emission requirements have established a long-term development mechanism for new energy vehicles. Driven by national policies, the supply and demand pattern of rare earth industry is expected to further improve, domestic demand in China has improved, and the price of heavy rare earth in domestic rare earth market remains high.

Rare earth analysts of SunSirs expect that in the near future, the intensity of strict environmental inspection in China will not be reduced. In addition, Myanmar's import is blocked, the supply and demand pattern is improving in a better way, and the transportation is still restricted in the near future, and the market price of rare earth is expected to continue to rise.

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

Energy
Chemical
Rubber & plastics
Textile
Non-ferrous metals
Steel
Building materials
Agricultural & sideline products