Recently, the domestic market prices of heavy rare earth have rebounded. On the 15th, the price of dysprosium oxide was 156,000RMB/T, an increase of 2% this week; the price of dysprosium ferroalloy was 156,000RMB/T, an increase of 2%; the price of terbium rare earth also increased 10,000RMB/T on the 15th. However, the domestic market prices of light rare earth still maintained at a low level, the price of neodymium oxide was 285,500RMB/T; the price of praseodymium neodymium alloy was 360,500RMB/T. The price of praseodymium neodymium oxide was 283,500RMB/T. Recently, the domestic prices of heavy rare earth rebounded higher, and the market prices of light rare earth stopped falling. Affected by favorable national policies, the market of heavy rare earth rose.
On Nov 15, the rare earth Commodity Index was 335, the same as that of Nov 14, 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)
Recently, the market prices of rare earth have stopped falling and stabilized, the prices of heavy rare earth in the rare earth market have rebounded and increased, the export of heavy rare earth has improved. In addition, the demand for permanent magnet has increased recently, the market trend of PR nd series products has stopped falling, the on-site supply is normal, the demand for light rare earth has been general recently, and the market prices remain low. The price fluctuation of rare earth market is related to the national environmental protection supervision. Rare earth production has particularity, especially some products have radiation hazards, which makes the environmental protection supervision more strict. Under the strict inspection of environmental protection, the manufacturer reasonably controls the sales, but the downstream demand has not changed much recently, and the price trend of most rare earths has been mainly stable.
Geng Shuang, spokesman of the Ministry of Foreign Affairs, presided over a regular press conference on the 14th. He said that China is 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 is 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. China's rare earth production accounts for 73% of the world's total, ranking first in the world.
Pr Nd and Dy Tb are mainly used in NdFeB magnetic steel. The Ministry of industry and information technology and the Ministry of natural resources jointly issued a notice to release the total amount control indicators of rare earth mining, smelting separation and tungsten mining in 2019. The supply and demand pattern of the rare earth industry is expected to further improve, and people in the domestic market are waiting for the good news of the national reserves.
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, and the supply and demand pattern is improving in a good way. It is expected that the prices of heavy rare earth in the rare earth market are still expected to continue to rise, and the light rare earth affected will also have a rebound.
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