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SunSirs: Demand Improves, Chinese Praseodymium Neodymium Oxide Picks up

May 15 2020 08:12:48     SunSirs (Linda)

The rare earth index on May 13 was 331 points, which was the same as May 12, a 66.90% decrease from the highest point in the cycle (2011-December-06) and a 22.14% increase from the lowest point of 271 points on September 13, 2015. (Note: The period refers to 2011-December -01 to present).

The average price of neodymium metal in rare earth metals is 354,500 yuan / ton; the average price of metal dysprosium is 2.325 million yuan / ton; the average price of metal praseodymium is 635,000 yuan / ton. The average price of praseodymium and neodymium oxide in rare earth oxides increased by 1,000 yuan / ton to 271,000 yuan / ton; the price of dysprosium oxide was 1.77 million yuan / ton; the average price of praseodymium oxide is 305,000 yuan / ton; the average price of neodymium oxide is 280,000 yuan / ton. The price of praseodymium-neodymium alloy in rare earth alloys increases by 1,500 yuan / ton to 341 thousand yuan / ton; the average price of dysprosium iron alloy is 1.765 million yuan / ton.

According to SunSirs monitoring, praseodymium neodymium oxide has risen continuously, with an increase of 2.85% in May. With the resumption of production, domestic demand for rare earth has increased. The price of praseodymium neodymium oxide has continued to rise in May, but the market price of praseodymium neodymium oxide is still at a low level. The Customs Tariff Commission of the State Council released the second list of the second batch of products subject to tariffs imposed on the United States and Canada. The list mainly includes: rare earth metal ores, silver ores and concentrates, gold ores, nickel alloy plates / sheets / ribbons / foil, nickel alloys wire, nickel alloy tubes, aluminum alloy tubes with an outer diameter not exceeding 10 cm, titanium tubes, nickel-cadmium batteries, etc. The rare earth metal mine will no longer levy the tariff imposed on the countermeasures against the US 301 measures, and will refund the already levied tariff tax. There is a possibility of promoting the import of rare earth metal mine, a good support for praseodymium neodymium oxide market.

The price trend in the rare earth market is mainly stable, and the domestic heavy rare earth market is normally supplied. Myanmar has unilaterally closed customs clearance ports, but domestic manufacturers have started construction normally, domestic supply is normal, and the domestic heavy rare earth price trend is temporarily stable. Recently, the demand for permanent magnets has increased, and the market trend of praseodymium and neodymium products has increased slightly. The supply on the market is normal. The demand for light rare earth is normal recently, and the prices in some markets are mainly stable. In addition, the recent foreign health incidents have had a greater impact, the export volume of rare earth products has declined, and the price trend of the rare earth market has stabilized. The price fluctuations in the rare earth market are related to environmental protection inspections nationwide. The production of rare earths is special, especially because some products have radiation hazards, which has made environmental protection regulations more stringent. Under strict environmental protection investigations, manufacturers reasonably control sales, but recent downstream demand is normal, and prices of some rare earths have risen slightly.

The Ministry of Industry and Information Technology said 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-quality supply-side models. 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 earth in the domestic rare earth market remains high. The Ministry of Industry and Information Technology issued the "Notice on Doing a Good Job in Implementing the Policy for Benefiting Enterprises in the Rare Earth Industry", saying that the Rare Earth Office entrusted the China Nonferrous Metals Industry Association and China Rare Earth Industry Association to sort out and summarize the policy documents suitable for the declaration of rare earth companies, forming Compilation of Related Support Policies. Rare earth companies should actively connect with China Nonferrous Metals Industry Association and China Rare Earth Industry Association to obtain relevant policy information, accurately grasp the requirements of the declaration, strive for policy support, promote the smooth operation of the rare earth industry chain, and jointly promote the stable and healthy development of the industry.

Recently, the background pattern of weak downstream demand in the rare earth market has not changed. The price of praseodymium neodymium oxide and metals has risen mainly because downstream companies just need to purchase. SunSirs rare earth analysts expect that the price of praseodymium and neodymium will still rise slightly in the short term. The domestic heavy rare earth supply is normal, the downstream demand is general, and the market price of heavy rare earth may remain stable.

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

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