China Rare Earth Market Price Stable on March 13

On March 12, the rare earth index was 342 points, down 1 point from yesterday, down 65.80% from the cyclical peak of 1000 points (2011-12-06), and up 26.20% from the lowest point of 271 on September 13, 2015. (Note: Period refers to 2011-12-01 to date).

The average price of Neodymium in rare earth metals is 380,000 yuan per ton, dysprosium metal is 168,000 yuan per ton and praseodymium metal is 660,000 yuan per ton. The average price of praseodymium and neodymium oxide in rare earth oxides is 292.5 million yuan per ton, dysprosium oxide is 1.33 million yuan per ton, praseodymium oxide is 397.5 million yuan per ton and neodymium oxide is 297.5 million yuan per ton. The price of praseodymium and neodymium alloys in rare earth alloys is 377.5 million yuan per ton, and the average price of dysprosium and iron alloys is 1.33 million yuan per ton.

In recent years, the market of rare earth has been rising and falling mutually, the domestic rare earth market is cold, the price of most commodities in the rare earth market is stable, dysprosium and terbium varieties will be affected by the expectation that the market will be limited after the import of Myanmar mines. Market participants are more optimistic about the price of heavy and heavy rare earth. Holders are reluctant to sell them. Businessmen have increased their inquiries for dysprosium and terbium series products, and dysprosium and ferroalloy prices have increased, but neodymium and terbium alloys prices have increased. Series of products are in poor market, there is sufficient supply on the market, and prices continue to fall. The price fluctuation of rare earth market is related to environmental protection supervision in the whole country. Rare earth production has its particularity, especially the radiation hazard of some products, which makes environmental protection supervision stricter. Under stringent environmental protection, rare earth separation enterprises in many provinces have stopped production, resulting in a decline in the market of rare earth oxides, making the price of rare earth products firm. Especially for some mainstream rare earth oxides, the supply performance is tight, the price trend of some commodities in the rare earth market is stable, the willingness of large enterprise groups to limit production in the near future, the market of rare earth has improved, but for the pricing of products, major manufacturers are cautious to wait and see. Recent rare earth export market is general, resulting in normal import volume, but due to limited turnover, because rare earth has been at a low level for a long time.

Recently, the State Environmental Protection Department began to check strictly, which has a great impact on the rare earth industry. The rare earth industry has a low start and the market is cold. Prior to this, six departments of Jiangxi Province, a major producer of rare earth, jointly issued a special action document on cracking down on rare earth blacks. Due to the increasingly obvious regulatory effect, the supply of raw ore resources in the upstream of the rare earth industry has shrunk, and the trading market of the rare earth industry has been cold.

Rare earth analysts of business associations expect that the recent domestic environmental stringent inspection efforts will not decrease, coupled with the domestic reorganization of the order of the inhalation industry, which will provide some favorable support for the rare earth industry, but the rare earth industry turnover is cool, praseodymium and neodymium products are down, and the market price of rare earth is expected to remain low.