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SunSirs: Prices of Rare Earth in Chinese Market are Mixed

December 18 2019 11:07:12     SunSirs (Linda)

On December 15, the rare earth index was 342 points, the same as yesterday, 65.80% lower than the cycle's highest point of 1,000 points (December 6, 2011), and 26.20% 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 decreased by 2,000RMB/ton to 364,500RMB/ton, 212,5000RMB/ton and 650,000RMB/ton respectively. The average price of praseodymium neodymium oxide in rare earth oxide decreased by 2,000RMB/ton to 289,500RMB/ton; the price of dysprosium oxide increased by 10,000RMB/ton to 1,730,000RMB/ton; the average price of praseodymium oxide was 342,500RMB/ton; the average price of neodymium oxide decreased by 2,000RMB/ton to 291,500RMB/ton. The price of praseodymium neodymium alloy in rare earth alloy decreased by 2,000RMB/ton to 364,500RMB/ton; the average price of dysprosium ferroalloy increased by 10,000RMB/ton to 1.7 millionRMB/ton.

The price of heavy rare earth in the rare earth market continued to rise, the domestic supply policy of heavy rare earth market, the export of heavy rare earth improved, and the domestic price trend of heavy rare earth continued to rise. In addition, the demand for permanent magnet has not changed much in the near future, the market trend of PR nd series products is general, the on-site supply is normal, the demand for light rare earth is general in the near future, and the market price is slightly lower. 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 support for the export of rare earth industry in China, 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, while the price of light rare earth is mainly volatile.

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