China’s domestic rare earth market rose partly on June 3

On June 3, the rare earth index was 389 points, up 3 points from yesterday, down 61.10% from the cyclical peak of 1000 points (2011-12-06), and up 43.54% 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 440,000 yuan per ton, dysprosium is 2325,000 yuan per ton and praseodymium is 69,000 yuan per ton. The average price of praseodymium and neodymium oxide in rare earth oxides increased by 0.5 million yuan/ton to 340,000 yuan/ton, dysprosium oxide price was 1.975 million yuan/ton, praseodymium oxide price increased by 15,000 yuan/ton to 390,000 yuan/ton, and neodymium oxide price increased by 10,000 yuan/ton to 340,000 yuan/ton. The price of praseodymium and neodymium alloys in rare earth alloys is 440,000 yuan/ton, and the average price of dysprosium-iron alloys is 1.975 million yuan/ton.

Recently, the price of some rare earths has risen, the domestic rare earth market is in general, the price trend of most commodities in the rare earth market has risen, and the import of heavy rare earth dysprosium and terbium products is limited by the import of Myanmar mines. Market participants are more optimistic about the price of medium and heavy rare earths. Holders are reluctant to sell them, and the price of dysprosium and terbium series products keeps high, but the market trend of praseodymium and neodymium series products is general, and the supply in the field is normal. Light rare earth prices have been slightly revised back in recent years. 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 the strict environmental protection inspection, rare earth separation enterprises in many provinces have stopped production, resulting in a general market of rare earth oxides. Recently, the rare earth market has turned to the seller’s market. The manufacturers have reasonable control over sales and are reluctant to sell. Especially for some mainstream rare earth oxides, the supply performance is tight, the price trend of rare earth market is rising, large enterprise groups are reluctant to sell in the near future, the market of rare earth has improved, but the major manufacturers are cautious about the pricing of products. Recently, rare earth imports have declined, domestic enterprises are reluctant to sell, and some prices in the rare earth market have risen.

Recently, the State Environmental Protection Department has made no reduction in its stringent efforts, which has a greater impact on the rare earth industry. The rare earth industry has a low start-up and a cold market. Prior to this, Anhui Province jointly issued a special action document to crack down on rare earth blacks. Due to the increasingly obvious regulatory effect, the supply of raw mineral resources in the upstream of the rare earth industry has shrunk, and the rare earth industry has been trading well.

Rare earth analysts from business associations expect that the recent stringent domestic environmental protection efforts will not decrease, coupled with domestic rectification of the order of the rare earth industry, Myanmar’s restrictions on exports and reduced supply will provide some favorable support for the rare earth industry, but the recent rare earth market transactions are limited, and rare earth products are expected to maintain a high level.