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SunSirs: In November, Prices of Domestic Rare Earth Market were Mixed

December 06 2019 15:47:31     SunSirs (Linda)

In November, the prices of domestic rare earth market were mixed. Influenced by domestic policies, the price of domestic heavy rare earth market kept rising, while the price of light rare earth market kept falling. According to the rare earth sector index of business association, on November 29, the rare earth index was 336 points, the same as yesterday, 66.40% lower than the highest point in the cycle, 1000 points (December 6, 2011), and 23.99% higher than the lowest point, 271 points, on September 13, 2015. (Note: cycle refers to 2011-12-01 to now).

As of November 29, the average price of neodymium was 360,000RMB/ton, down 2.04% in November; the average price of dysprosium was 2,075,000RMB/ton, up 2.47% in November; the average price of praseodymium was 650,000RMB/ton, down 1.52% in November. In rare earth oxides, the average price of praseodymium neodymium oxide is 284,500RMB/ton, down 2.40% in November; dysprosium oxide is 1,630,000RMB/ton, up 6.19% in November; praseodymium oxide is 335,000RMB/ton, down 5.63% in November; neodymium oxide is 286,500RMB/ton, down 2.39% in November. The price of praseodymium neodymium alloy in rare earth alloy is 360,000RMB/ton, with a decrease of 2.40% in November; the average price of dysprosium ferroalloy is 1,620,000RMB/ton, with an increase of 5.54% in November.

In November, the price trend of dysprosium terbium series of heavy rare earth rebounded and rose. Myanmar continued to pass customs, the supply pattern of domestic heavy rare earth market changed, and the domestic supply was normal. In addition, the domestic demand rose in recent years, and the domestic price rose. In recent years, the domestic policy was still in fermentation, which brought some good expectations for the domestic heavy rare earth market.

In November, the price of light rare earth in the rare earth market changed frequently. In November, the price of praseodymium and neodymium products decreased slightly, the price of neodymium oxide and praseodymium and neodymium oxide decreased. In addition, the downstream demand for light rare earth did not improve significantly. The downstream merchants replenished a small amount of goods on demand, and the actual transaction price was still at a low level, and there was a strong wait-and-see mood in the market. In the first ten days of November, the market price of light rare earth dropped successively, but in November The market price of light rare earth rose in the last ten days, but the increase was very limited. 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.

Recently, Geng Shuang, spokesman of the Ministry of foreign affairs, said that China is the world's largest country in rare earth reserves and production, and plays an important role in the global rare earth industry chain. China has been adhering to the principle of openness, coordination and sharing, promoting the development of domestic rare earth industry, and is willing to meet the legitimate needs of the development of all countries in the world with rare earth resources and products, so as to promote China's economy and the world Economic development plays an active role. China's rare earth production accounts for 73% of the world's total, ranking first in the world and playing an important role in the game between big countries. Rare earth PR nd and Dy TB are mainly used in NdFeB magnetic steel. In addition, recently the Ministry of industry and information technology and the Ministry of natural resources jointly issued a notice to release the total amount control indicators of rare earth mining and smelting separation and tungsten mining in 2019. The Ministry of industry and information technology of China announced that in 2019, the total amount of rare earth mining and smelting separation was 132000 tons and 127000 tons respectively, while in 2018, the quota of rare earth mining was 120000 tons, an increase of 12000 tons, and in 2019, this The data is the highest since 2014. The supply and demand pattern of rare earth industry is expected to further improve, China's domestic demand has improved, and the domestic market price of heavy rare earth is rising.

Rare earth analysts of the SunSirs expect that the recent domestic environmental protection scrutiny will not be reduced. In addition, the domestic export of rare earth industry will be well supported, 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 light rare earth affected will also have a rebound.

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