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Home > Metal Neodymium News > News Detail
Metal Neodymium News
SunSirs: China's Rare Earth Market Prices Fell in September
October 10 2020 07:56:10SunSirs(Linda)

Since September, the domestic rare earth market price trend has been declining. China's light rare earth praseodymium and neodymium series prices have gradually fallen, and the medium and heavy rare earth market prices of holmium and terbium series have declined to varying degrees. According to the rare earth sector index of the business community, rare earths on September 30 The index was 363 points, which was the same as yesterday, a decrease of 63.70% from the cycle high of 1,000 points (2011-12-06), and an increase of 33.95% from the low of 271 points on September 13, 2015. (Note: Period refers to 2011-12-01 till now).

As of the end of the month, the domestic rare earth neodymium praseodymium oxide price was 326,000 yuan/ton, down 4.12% from the initial price of 340,000 yuan/ton; the price of praseodymium neodymium alloy was 415,000 yuan/ton, down 4.16 from the initial price of 433,000 yuan/ton. %; the price of neodymium oxide was 351,000 yuan/ton, down 3.17% from the price of 362,500 yuan/ton at the beginning of the month; the price of neodymium metal was 438 million yuan/ton, down 4.68% from the price of 459,500 yuan/ton at the beginning of the month, and the light rare earth market 9 The price trend declined during the month.

In September, the price of domestic light rare earth praseodymium and neodymium series fell, and the purchase of major downstream manufacturers came to an end. The demand has not improved in the near future. The wait-and-see sentiment of the merchants on the market has increased. The delivery of the light rare earth market has deteriorated, and the market price has dropped slightly. On the other hand, the recent domestic supply of praseodymium and neodymium rare earths has been normal, and major light rare earth manufacturers have produced normal production. The downstream felt the shift in market sentiment and slowed down the procurement cycle. Supply and demand were also negative factors for the price drop in the light rare earth market. The supply of light rare earths is normal, and the demand side purchases generally, and the prices of light rare earths on the market continue to fall.

In September, domestic prices declined. As of the end of the month, the price of dysprosium oxide was 1.68 million yuan/ton, which was 5.62% lower than the price of 1.78 million yuan/ton at the beginning of the month. The price of dysprosium metal was 2.18 million yuan/ton, which was 2.25 million yuan/ton from the end of the month. A drop of 3.11%. The price of dysprosium ferroalloy at the end of the month was 1.67 million yuan/ton, which was 5.38% lower than the price of 1.765 million yuan/ton at the beginning of the month. In September, domestic prices continued to decline. In the domestic rare earth purchase and storage plan, medium and heavy rare earths accounted for a large proportion of annual output. However, purchases and storage have not been carried out as scheduled, coupled with the inactive downstream procurement, direct line market prices continue to fall, but the current Myanmar customs closure still has a squeezing effect on the domestic import supply of medium and heavy rare earths, and the domestic heavy rare earth market prices are still at a high level. The domestic supply of terbium is relatively tight, and the manufacturer's production is not continuous. The prices of terbium oxide and metal terbium have reached high prices in the past 7 years. Recently, on-site purchases have not been active, and domestic heavy rare earth prices have fallen.

The Ministry of Industry and Information Technology issued the "Notice on Doing a Good Job in the Implementation of Policies for Benefiting Enterprises in the Rare Earth Industry", stating that the Rare Earth Office entrusted the China Nonferrous Metals Industry Association and the China Rare Earth Industry Association to sort out and summarize the policy documents suitable for the declaration of rare earth enterprises, forming the "Resumption of Work and Production in the Rare Earth Industry Compilation of Related Support Policies. Favorable policies support the development of the rare earth industry, and at the same time Sino-US relations are tense. The key products of rare earth Sino-US trade are of great significance. National policies are conducive to the balance of supply and demand in the rare earth industry. Recently, the supply of rare earths in the rare earth market has been normal, and the domestic rare earth market prices have fallen.

Recently, the purchasing sentiment of the domestic rare earth market has declined. In addition, the supply of the rare earth market in Zhonghe is normal. SunSirs analysts believe that my country's rare earth industry is expected to gradually change from 'large' to 'strong'. Inactive procurement will lead to a slight decline in domestic rare earth market prices.

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

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