SunSirs: on March 3, Prices of Domestic Heavy Rare Earth Continued to Rise

Recently, the price of rare earth in China has continued to rise. The price of dysprosium oxide has increased by 10,000 RMB/ton to 1,855,000 RMB/ton. The price of terbium oxide has increased by 50,000 RMB/ton to 4,275,000 RMB/ton. The price trend chart of some rare earth products in China is as follows:

The market pricse of heavy rare earth in China have continued to rise. As of the 3rd day, the price of dysprosium oxide was 1.855 million RMB/ton; the price of dysprosium metal was 2.325 million RMB/ton; the price of dysprosium ferroalloy was 1.81 million RMB/ton; the price of Terbium oxide was 4.275 million RMB/ton; the price of dysprosium metal was 5.25 million RMB/ton. Prices of heavy rare earth in China have continued to rise, and some prices in light rare earth market have fallen slightly.

On March 2, the acrylic commodity index was 35.94, unchanged from yesterday, 64.06% lower than the cycle's highest point of 100.00 (September 1, 2011), and 46.28% higher than the lowest point of 24.57 on November 26, 2015. (Note: cycle refers to September 1, 2011 to now).

Prices of rare earth in the rare earth market have risen sharply. Recently, Myanmar has unilaterally banned the export of rare earth, which has led to a sharp decline in the import volume of domestic heavy rare earth. In addition, some rare earth enterprises in the South have not fully resumed their work, the supply of domestic heavy rare earth has decreased, the contradiction between the supply and demand of domestic heavy rare earth is sharp, and the market price of heavy rare earth has risen sharply. In addition, the demand for permanent magnet in the near future is general. In the first batch of rare earth mining indicators in 2020, the amount of light rare earth has increased compared with that in 2019. The market trend of praseodymium and neodymium series products has declined slightly. The on-site supply is normal, the demand for light rare earth in the near future is general, and the market price has fallen 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. In recent years, transportation has been limited to some extent, and the price trend of some rare earth products remains 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. Recently, the Ministry of natural resources and the Ministry of industry and information technology issued the notice on the issuance of the total amount control index (the first batch) for the exploitation of rare earth ores and tungsten ores in 2020, which clarified that the total amount control index for the exploitation of the first batch of rare earth ores (rare earth oxide REO) in China is 66,000 tons, and the total amount control index for the exploitation of tungsten concentrate (65% of tungsten trioxide) is 52,500 tons.

Rare earth analysts of SunSirs expect that the recent domestic environmental protection inspection will not be reduced, coupled with the domestic heavy rare earth import is blocked, 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 is still expected to continue to rise, and the price of light rare earth will maintain a low level.

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