Recently, the market price of light rare earth in China has bottomed out and rebounded. The prices of praseodymium neodymium oxide and praseodymium neodymium alloy have continued to rise, and the market of light rare earth has ushered in “spring”. According to the rare earth sector index of business association, on June 4, the rare earth index was 334 points, up 1 point from yesterday, down 66.60% from the highest 1000 points (2011-12-06) in the cycle, and up 23.25% from the lowest 271 point on September 13, 2015. (Note: cycle refers to 2011-12-01 to now).
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As of June 4, the price of praseodymium neodymium oxide in rare earth rose by 1500 yuan / ton to 274500 yuan / ton; the price of praseodymium neodymium alloy rose by 3000 yuan / ton to 345500 yuan / ton, and the price of neodymium oxide and metal neodymium rose to different degrees.
Recently, the demand of domestic rare earth industry is better than before. With the gradual improvement of European and American economy, the demand of permanent magnet manufacturers is increasing, and the price of praseodymium neodymium rare earth continues to rise, but 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 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.
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 high; in addition, with the resumption of work and production, the market of terminal new energy vehicles has recovered, and the market price of heavy rare earth remains high.
According to the notice on the docking and implementation of preferential policies for rare earth enterprises issued by the Ministry of information technology, 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 enterprises’ application, forming the compilation of relevant supporting policies for the resumption of rare earth industry. The policy is favorable to support the development of rare earth industry, while 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 slightly higher, and the light rare earth market is gradually picking up.
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 will continue to rise slightly.
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