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SunSirs: Part of the Domestic Rare Earth Market Prices Fell on March 25

March 26 2020 08:22:46     SunSirs (Linda)

The rare earth index on March 24 was 342 points, which was the same as yesterday. It was 65.80% lower than the highest point of the cycle (December 6, 2011), and was 26.20% higher than the lowest point of September 13, 2015, which was 271 points. (Note: Period refers to December 1, 2011 to present).

The average price of metal neodymium, metal dysprosium and metal praseodymium is 377,500 RMB/ton, 2,325,000 RMB/ton and 645,000 RMB/ton respectively. In rare earth oxides, the average price of praseodymium neodymium oxide is 272,000 RMB/ton; that of dysprosium oxide is 15,000 RMB/ton to 1,870,000 RMB/ton; that of praseodymium oxide is 320,000 RMB/ton; and that of neodymium oxide is 291,500 RMB/ton. The price of praseodymium neodymium alloy in rare earth alloy is 343,500 RMB/ton, and the average price of dysprosium ferroalloy is decreased by 20,000 RMB/ton to 1.83 million RMB/ton.

The price of heavy rare earth in the rare earth market has fallen, the domestic supply of heavy rare earth has increased, the supply of heavy rare earth has been tight, and Myanmar has unilaterally closed customs ports. However, domestic manufacturers have continued to resume work, and domestic supply has increased. Recently, the demand for permanent magnets has been normal, and the market trend of praseodymium and neodymium series products has been slightly lower. The supply in the market is normal. The recent demand for light rare earth is average, and some market prices have fallen slightly. The price fluctuations of the rare earth market are related to environmental protection inspections across the country. The production of rare earths is special, especially the radiation hazards of some products make strict environmental protection supervision. Under strict environmental protection investigations, manufacturers reasonably controlled sales, but the recent downstream demand has not changed much, and most of the rare earth prices have stabilized.

The Ministry of Industry and Information Technology issued a document saying that by 2025, the sales of new energy vehicles and new vehicles will account for about 25%. Global electrification is entering the acceleration period of high-end models on 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 the rare earth industry is expected to further improve, China's domestic demand has improved, and the price of heavy rare earths in the domestic rare earth market has remained high. Recently, the Ministry of Natural Resources, the Ministry of Industry and Information Technology issued the "Notice on the Issuance of the Rare Earth Ore Tungsten Mining Total Control Indicators (First Batch) in 2020", which clarified the first batch of rare earth ores (REO) mining nationwide. The volume control index is 66,000 tons, and the total control index of tungsten concentrate (tungsten trioxide content 65%) is 52500 tons. National policies are conducive to the balance of supply and demand in the rare earth industry. Recently, the supply of heavy rare earth markets has increased, and market prices have fallen slightly.

SunSirs rare earth analysts predict that the domestic heavy rare earth market supply will increase in the near future, but Myanmar's rare earth bans exports. It is expected that the rare earth market will still decline, but most of the product prices are stable.

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