In recent years, the prices of praseodymium neodymium oxide and praseodymium neodymium alloy in the domestic rare earth market have continued to rise. In recent years, the downstream demand has increased, and merchants are reluctant to sell rare earth in the domestic market. According to the rare earth sector index of the business association, the rare earth index was 331 on May 15, which was the same as yesterday, 66.90% lower than the highest point of 1000 in the cycle (2011-12-06), and 22.14% higher than the lowest point 271 on September 13, 2015. (Note: cycle refers to 2011-12-01 to now).
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As of the middle of May, the price of praseodymium neodymium oxide in rare earth in China was 271000 yuan / ton, which rose 2.85% in May, up 2.07% year on year; the price of praseodymium neodymium alloy was 341000 yuan / ton, which rose 3.18% in May, up 1.04% year on year; by the end of the week, the price of dysprosium oxide rose 20000 yuan / ton to 1.79 million yuan / ton, the price of dysprosium ferroalloy rose 25000 yuan / ton to 1.77 million yuan / ton, holmium oxide and gadolinium oxide , holmium, iron, etc. all increased in price to varying degrees.
According to the monitoring of the business agency, praseodymium and neodymium oxides have been rising continuously, with an increase of 2.85% in May. This round of price increase is related to the increase of downstream stock demand. Due to the extremely low price of praseodymium and neodymium oxide, which is close to the cost line, the merchants are reluctant to sell and the price is rising. In addition, with the resumption of production, the market of terminal new energy vehicles is picking up, and the demand for goods prepared by the downstream permanent magnet material manufacturers of rare earth is increasing, the boom of praseodymium and neodymium oxide also drives the prices of gadolinium oxide, holmium oxide and other materials up. 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 US 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.
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 specified 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 supply of rare earth market is normal, but the demand is not significantly good, and the market price of rare earth is slightly down.
Heavy rare earth accounts for a large proportion of annual production in the plan of rare earth collection and storage. In addition, Myanmar’s closure still has a tight impact on the domestic import and supply of heavy rare earth. Once the plan is implemented as scheduled, it will have a great impact on the supply and demand of heavy rare earth dysprosium and terbium and the price rise. Business analysts expect that the market price of rare earth will continue to rise in the later period.
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