At March 31, the rare earth index was 337, unchanged from yesterday, 66.30% lower than the cycle’s highest point of 1000 (2011-12-06), and 24.35% higher than the lowest point of 271 on September 13, 2015. (Note: cycle refers to 2011-12-01 to now).
| EDTA |
The average price of neodymium, dysprosium and praseodymium decreased by 5000 yuan / ton to 367500 yuan / ton, 2325000 yuan / ton and 640000 yuan / ton respectively. In rare earth oxides, the average price of praseodymium neodymium oxide decreased by 2000 yuan / ton to 267000 yuan / ton; the price of dysprosium oxide decreased by 25000 yuan / ton to 1795000 yuan / ton; the average price of praseodymium oxide was 310000 yuan / ton; the average price of neodymium oxide decreased by 2000 yuan / ton to 287500 yuan / ton. The price of praseodymium neodymium alloy in rare earth alloy decreased by 2000 yuan / ton to 337000 yuan / ton, and the average price of dysprosium ferroalloy decreased by 10000 yuan / ton to 1795000 yuan / ton.
The price trend of rare earth in the rare earth market has fallen, the supply of domestic heavy rare earth market has increased, and the import source of heavy rare earth is tight. Myanmar has unilaterally closed the customs clearance port, but the domestic manufacturers continue to resume work, the domestic supply has increased, and the price trend of domestic heavy rare earth continues to fall. In recent years, the demand for permanent magnet has declined, the market trend of praseodymium and neodymium series products has slightly declined, the on-site supply is normal, the demand for light rare earth has weakened in recent years, and some market prices have continued to decline. 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 controlled the sales, but in the near future, the downstream demand declined, and some rare earth prices fell.
| Melamine |
According to the Ministry of industry and information technology and other documents, by 2025, the sales of new energy vehicles will account for about 25%. Global electrification is stepping into the acceleration period of high-quality models at the supply side. China’s double point policy and European carbon emission requirements have established a long-term development mechanism for new energy vehicles. Driven by national policies, the supply and demand pattern of rare earth industry is expected to further improve, domestic demand in China has improved, and the price of heavy rare earth in domestic rare earth market remains high. Recently, the Ministry of natural resources and the Ministry of industry and information technology issued the notice on the issuance of the total amount control index (the first batch) for the exploitation of rare earth ores and tungsten ores in 2020, which clarified that the total amount control index for the exploitation of the first batch of rare earth ores (rare earth oxide REO) in China is 66000 tons, and the total amount control index for the exploitation of tungsten concentrate (65% of tungsten trioxide) is 52500 tons. The national policy is conducive to the balance of supply and demand of rare earth industry. In the near future, the market supply of heavy rare earth has increased, and the market price has dropped slightly.
Rare earth analysts of business agency expect the supply of domestic heavy rare earth market to be normal in the near future, and the downstream demand to be weakened. But recently, Lynas group, the largest rare earth producer outside China, Australia’s rare earth miner, is the largest in the world On March 31, Corp said it would follow the Malaysian government’s order to extend the closure time of Malaysian factories for two weeks to April 14, and expected the momentum of the rebound of rare earth market prices in the later period.
| EDTA 2Na |