China’s domestic rare earth market declined on June 25

On June 25, the rare earth index was 402 points, down 5 points from yesterday, down 59.80% from the cyclical peak of 1000 points (2011-12-06), and up 48.34% from the lowest point of 271 on September 13, 2015. (Note: Period refers to 2011-12-01 to date).

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The average price of Neodymium in rare earth metals dropped by 12.5 million yuan per ton to 457 million yuan per ton; the average price of dysprosium was 2.4 million yuan per ton; and the average price of praseodymium was 7.1 million yuan per ton. The average price of praseodymium and neodymium oxides in rare earth oxides dropped by 12.5 million yuan per ton to 355 million yuan per ton, dysprosium oxide by 2 million yuan per ton, praseodymium oxide by 4.05 million yuan per ton, and neodymium oxide by 1.25 million yuan to 3.57 million yuan per ton. The price of praseodymium and neodymium alloys in rare earth alloys dropped by 12.5 million yuan per ton to 457 million yuan per ton, while the average price of dysprosium-iron alloys was 2 million yuan per ton.

Recently, some prices in the rare earth market have fallen, the domestic rare earth market is in general, and most commodity prices in the rare earth market are stable. However, the prices of some products in the rare earth market have fallen sharply and the prices of terbium-based metals have fallen sharply. Recently, the prices of Praseodymium-Neodymium series products have fallen back, the supply in the market is normal, and the prices of light rare earths have declined recently. 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 still tense. The price trend of rare earth market has slightly declined. Recently, large enterprise groups are reluctant to sell, and the market of rare earth has improved. However, the major manufacturers are cautious about the pricing of products.

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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. Recently, the NDRC held a press conference on macroeconomic operation. Meng Wei, a spokesman for the NDRC, answered reporters’questions on rare earth. He said that on the basis of in-depth investigation and scientific demonstration, relevant policies and measures would be put forward to give full play to the special value of rare earth as a strategic resource. Due to the increasingly obvious regulatory effect, the rare earth industry upstream. The supply of raw ore resources has shrunk, and the trading market of rare earth industry is normal.

Rare earth analysts of business associations expect that the recent stringent domestic environmental protection efforts will not decrease, coupled with the domestic reorganization of the order of the rare earth industry, Myanmar’s restrictions on exports and reduced supply, which 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 remain volatile.

 

EDTA 2Na