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SunSirs: Last week, Some Prices in China's Rare Earth Market Fell (12.14-12.18)

December 22 2020 08:49:20     SunSirs (Linda)

According to SunSirs monitoring, the price index of the domestic rare earth market is declining, the domestic price of praseodymium and neodymium-based rare earths has continued to decline, the terbium-based market prices have remained at a high level, and the domestic rare earth market prices have fallen slightly. According to the SunSirs rare earth sector index, the rare earth index on December 18 was 412 points, the same as on December 17, a decrease of 58.80% from the highest point in the cycle of 1000 points (2011-12-06), and an increase of 52.03% from the lowest point of 271 points on September 13, 2015. (Note: The period refers to 2011-12-01 till now).

It can be clearly seen from the Rare Earth Index that domestic rare earth prices have continued to fall this week. Recently, the rare earth market has undergone frequent changes and market prices have continued to fall.

It can be clearly seen from the product price trend that the domestic prices of neodymium praseodymium oxide, neodymium praseodymium alloy, neodymium oxide and metal neodymium have declined slightly. As of December 18, the price of neodymium praseodymium oxide in the country was 399,500 yuan/ton. The weekly price trend fell by 0.75%; the price of neodymium praseodymium alloy was 502,500 yuan/ton, and the price dropped by 0.99% this week; the price of neodymium oxide was 492,500 yuan/ton, which was down 1.01% this week; the price of neodymium metal was 592,500 yuan/ton, a decrease of 0.84%; the prices of praseodymium oxide and metal praseodymium have also declined to varying degrees, and the market price of light rare earths has continued to decline slightly recently.

Recently, sales of new energy vehicles in China have been normal, and terminal industries such as wind power and electronic products have developed rapidly. As the epidemic slows down, the capacity utilization rate of downstream manufacturers is normal, and the demand is mainly on-demand procurement. The demand for NdFeB is still high, but some time ago Merchants are actively purchasing, with high inventories. Recently, the purchasing is not active, and the market price of light rare earths has gradually fallen. Recently, the demand and stocking situation of permanent magnet manufacturers has come to an end, and overseas demand is relatively normal. With the official entry into force of the Export Control Law of the People’s Republic of China on December 1, the market expects that China’s rare earth exports may be further reduced and the global rare earth supply may further shrink. By then, the supply of rare earths will be even more tight, but the domestic demand for rare earths is general, and the market prices of rare earths have risen and fallen. Recently, the price of terbium in the domestic heavy rare earth market has maintained a high level, but the price in the direct market has temporarily stabilized this week.
The price trend of domestic dysprosium oxide is temporarily stable this week. As of the 18th, the price of dysprosium oxide was 1.93 million yuan/ton, and the price trend was flat this week; the price of dysprosium ferroalloy was 1.92 million yuan/ton, and the price of dysprosium metal was 2.425 million yuan/ton. The price of terbium series continued to rise. On the 18th, the domestic price of terbium oxide was 6.8 million yuan/ton, the price of metal terbium was 8.65 million yuan/ton, and the price of terbium series rose to a new high in 10 years. The domestic rare earth purchase and storage plan is a big benefit to support domestic heavy rare earth prices. The medium and heavy rare earths in the purchase and storage plan account for a large proportion of the annual output, which is expected to have a greater impact on the supply and demand and prices of medium and heavy rare earths. In addition, Myanmar's customs clearance still affects the country. The import supply of medium and heavy rare earths in China has tightened, but the downstream demand has been general recently, and the price of direct heavy rare earths has fallen. Due to the tight supply in the terbium market and the imbalance between supply and demand, the market price of terbium has remained high.

Under the new situation, the strategic value of rare earths is expected to continue to increase. The United States, Japan, and Europe and the United States have made corresponding plans to incorporate rare earths into the national strategic resource reserve plan. The strategic resource advantages of rare earths are prominent. China is a large rare earth reserve country with 37% of the world's rare earth reserves. China is also a rare earth. In large exporting countries, the country has made corresponding adjustments to the development of the rare earth industry. The rare earth industry is developing in a high-quality direction. The policy is favorable to support the development of the rare earth industry, and the domestic rare earth market price has declined.

The demand for rare earths in China has not changed much recently, and the supply of rare earths in China is still tight. The purchase by downstream merchants has come to an end. The market prices of rare earths have fallen slightly. SunSirs analysts expect the rare earth market prices to remain volatile in the future.

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