SunSirs--China Commodity Data Group

Member ID: password: Join Now!
Commodity News

SunSirs: Some Prices of Domestic Rare Earth Declined

November 19 2019 13:35:28     SunSirs (Linda)

On November 17, the rare earth Commodity Index was 335, the same as that of Nov 16, 66.50% lower than the peak of 1,000 in the cycle (Dec 6, 2011), and 23.62% higher than the lowest point of 271 (Sep 13, 2015). (Cycle: Dec 1, 2011 to date)

Rare Earth Metal: the average price of Neodymium Metal decreased 1,000RMB/ton to 358,500RMB/ton, the average price of Dysprosium Metal was 2,035,000RMB/ton, the average price of Praseodymium Metal was 650,000RMB/ton. Rare-Earth Oxide: the average price of Praseodymium-Neodymium Oxide decreased 2,000RMB/ton to 281,500RMB/ton, the average price of Dysprosium Oxide was 1,550,000RMB/ton, the average price of Praseodymium Oxide decreased 10,000RMB/ton to 33,5000RMB/t, the average price of Neodymium Oxide decreased 2,000RMB/ton to 283,500RMB/ton. Rare-Earth Alloy: the average price of Praseodymium-Neodymium Alloy decreased 2,000RMB/ton to 358,500RMB/ton, the average price of Dysprosium Ferroalloy Alloy was 1,560,000RMB/ton.

Minwastry of Industry and Information Technology (MIIT) reported on November 8 that the MIIT and the Minwastry of Natural Resources  wassued the notice on the total amount control indicators of rare earth mining, smelting separation and tungsten mining in 2019. The total amount control indicators 2019 were 132,000 tons and 127,000 tons respectively. The total control index of tungsten concentrate (65% of tungsten trioxide) mining in China was 105,000 tons, including 78,150 tons of main mining index and 26,850 tons of comprehensive utilization index. The National Environmental Protection Department has not reduced its stringent efforts, which has a great impact on the Rare Earth industry, the operating rate has been low, the market has been cold, and there has been regulations of Rare-Earth industry in Jiangxi, a large province of Rare-Earth producing, all of which are good news to the Market. On November 14, the Minwastry of Foreign Affairs said that China was 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 always adhered to the principle of openness, coordination and sharing, promoted the development of domestic rare earth industry, and was willing to meet the legitimate needs of the development of all countries in the world with rare earth resources and products, to play a positive role in promoting the development of China's economy and the world economy. Besides, the NDRC and departments concerned have promoted effective measures urgently, strengthen the consolidation and made the related management mechanwasms innovate and improved, in order to accelerate the construction of a development pattern which conswasts of a rational industrial structure, an advanced scientific and technological level, the effective resources protection and the orderly production and operation and to add the special value of Rare Earth as a strategic resource. The supply of raw ore resources in the upstream of the Rare Earth industry has shrunk, and people in the domestic market are waiting for the good news on policies and State Reserve.

Rare earth analysts of 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. The supply of rare earth may remain at a low level due to mine transformation in Jiangxi, but the recent national rare earth export has gained favorable support. It is expected that the rare earth market will remain at a low level, with little room for continuous decline.

If you have any questions, please feel free to contact SunSirs with

Rubber & plastics
Non-ferrous metals
Building materials
Agricultural & sideline products