China’s domestic light rare earth prices rose by more than 5% in June as demand increased

In recent years, the price of domestic light rare earth market has continued to rise, the price of praseodymium neodymium oxide and praseodymium neodymium alloy has continued to rise, and the market of light rare earth has recovered. According to the rare earth sector index of business association, on June 9, the rare earth index was 340 points, up 5 points from yesterday, down 66.00% from 1000 points (2011-12-06), the highest point in the cycle, and up 25.46% from 271, the lowest point on September 13, 2015. (Note: cycle refers to 2011-12-01 to now).

 

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As of June 9, the price of praseodymium neodymium oxide in rare earth in China was 284500 yuan / ton, with an increase of 4.98% in June; the price of praseodymium neodymium alloy was 357500 yuan / ton, with an increase of 5.61% in June, and the prices of neodymium oxide, metal neodymium, praseodymium oxide and metal praseodymium rose to varying degrees.

 

In recent years, the demand of domestic rare earth industry has improved, and the on-site goods holding merchants are bullish. The merchants are reluctant to sell, and the on-site rising sentiment is strong. In addition, with the economic recovery in Europe and the United States, the demand of permanent magnet manufacturers has increased, the price of praseodymium neodymium series rare earth continues to rise, and the market price of light rare earth is still at a low level. The Tariff Commission of the State Council announced the second exclusion list of the second batch of goods subject to us and Canadian tariffs, which mainly includes: rare earth metal ore, silver ore and its concentrate, gold ore, nickel alloy plate / strip / foil, nickel alloy wire, nickel alloy tube, aluminum alloy tube with an outer diameter of no more than 10 cm, titanium tube, nickel cadmium battery, etc. This time, the tariff imposed by the 301 measure against the United States will not be added to the rare earth metal ore, and the added tariff will be refunded. It is possible to promote the import of rare earth metal ore, which is a good support for the praseodymium neodymium oxide Market, and the price of domestic light rare earth market continues to rise.

 

Heavy rare earth accounts for a large proportion of annual production in the domestic rare earth collection and storage plan, which is expected to have a greater impact on the supply and demand of heavy rare earth and the price. Considering that the current closure of Myanmar still has a tightening impact on the domestic import and supply of heavy rare earth, once the collection and storage plan is implemented as scheduled, it will have a greater impact on the supply and demand of heavy rare earth dysprosium and terbium and the price rise. In the near future, the market price of heavy rare earth is generally at a high level; in addition, with the resumption of work and production, the market of terminal new energy vehicles is picking up, the price of domestic terbium series rare earth is rising, and the market price of heavy rare earth is also rising.

 

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The Ministry of information issued the notice on the docking and implementation of preferential policies for rare earth industry, saying that the rare earth office entrusted China Nonferrous Metals Industry Association and China Rare Earth Industry Association to sort out and summarize the policy documents suitable for rare earth enterprise application, forming the collection of relevant supporting policies for rare earth industry resumption. The policy is favorable to support the development of rare earth industry, and the relationship between China and the United States is somewhat loose. The key products of rare earth trade between China and the United States are of great significance. The national policy is conducive to the balance of supply and demand of rare earth industry. In the near future, the supply of rare earth market is normal, the demand is improving, and the market price of light rare earth is rising.

 

Recently, the domestic demand for rare earth is higher than before. In addition, the supply of medium heavy rare earth market is still tight. Analysts of business agency expect that the market price of rare earth in the later period may continue to rise.

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