Good support still exists, China’s domestic rare earth market is stable

Recently, the price of rare earth in China has remained stable, and the market price of some light rare earth has increased slightly. The price trend of some rare earth products in China is shown as follows:

 

ferric sulfate (Poly ferric sulphate)

Recently, the price trend of heavy rare earth market in China is stable, as of the 16th, the price of dysprosium oxide is 1.7 million yuan / ton; the price of dysprosium ferroalloy is 1.685 million yuan / ton; the price of some light rare earth market in China is also rising, the price of neodymium oxide as of the 16th is 292000 yuan / ton, the price trend is stable; the price of praseodymium neodymium alloy is 358000 yuan / ton, the price trend is stable; the price of praseodymium neodymium neodymium oxide is 279000 yuan/ The price of neodymium increased by 500 yuan / ton to 367500 yuan / ton. In recent years, the price trend of heavy rare earth in China has been stable, and some prices in light rare earth market have risen. Affected by favorable national policies, the domestic rare earth market has maintained a high level.

 

On January 15, the rare earth index was 338, unchanged from yesterday, 66.20% lower than the cycle’s highest point of 1000 (2011-12-06), and 24.72% higher than the lowest point of 271 on September 13, 2015. (Note: cycle refers to 2011-12-01 to now).
Recently, the price of rare earth in the market has risen sharply. The supply policy of domestic market of heavy rare earth has improved. The domestic market of heavy rare earth is very good. In addition, the demand for permanent magnet has increased recently, the market trend of praseodymium and neodymium series products has rebounded, the on-site supply is normal, the demand for light rare earth in the near future is general, and the market price has not increased much. 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 controls the sales, but the downstream demand has not changed much in the near future, and the price trend of most rare earths is mainly stable.

 

Azodicarbonamide (AC foaming Agent)

In November 2018, Geng Shuang, spokesman of the Ministry of foreign affairs, said that China is the world’s largest country in rare earth reserves and production, and plays an important role in the global rare earth industry chain. China has been adhering to the principle of openness, coordination and sharing, promoting the development of domestic rare earth industry, and is willing to meet the legitimate needs of the development of all countries in the world with rare earth resources and products, so as to promote China’s economy And the development of the world economy. China’s rare earth production accounts for 73% of the world’s total, ranking first in the world and playing an important role in the game between big countries. Rare earth PR nd and Dy TB are mainly used in NdFeB magnetic steel. Recently, the Ministry of industry and information technology and the Ministry of natural resources jointly issued a notice to release the total amount control indicators of rare earth mining and smelting separation and tungsten mining in 2019. The Ministry of industry and information technology of China announced that the total amount of rare earth mining and smelting separation in 2019 was 132000 tons and 127000 tons respectively, while the quota of rare earth mining in 2018 was 120000 tons, an increase of 12000 tons, and the data in 2019 It’s the highest year since 2014. In addition, the Ministry of industry and information technology, together with relevant departments, drafted the development plan of new energy vehicle industry (2021-2035). After 15 years of continuous efforts, China’s core technology of new energy vehicles will reach the international leading level. By 2025, the proportion of new energy vehicle sales will reach about 25%. Driven by national policies, the supply and demand pattern of rare earth industry is expected to further improve, and China’s domestic demand is expected to further improve The price of rare earth in the domestic market remained high and volatile.

 

Rare earth analysts of business agency expect that the recent domestic environmental protection scrutiny will not be reduced, coupled with favorable domestic support for the export of rare earth industry, and the supply and demand pattern is improving in a good way. It is expected that the price of heavy rare earth in the rare earth market will remain high after the Spring Festival, and the trend of light rare earth market will be improved.

 

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