China’s domestic rare earth market price falls this week (8.24-8.28)

This week, the domestic rare earth market price trend declined, heavy rare earth price fell back, light rare earth market price corresponding callback. According to the rare earth plate index of business society, the rare earth index on August 28 was 378 points, 1 point lower than yesterday, 62.20% lower than the cycle high point 1000 (2011-12-06), and 39.48% higher than 271 point, the lowest point on September 13, 2015. (Note: period refers to 2011-12-01 to now).

 

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As of the end of the week, the price of praseodymium and neodymium oxide in China was 341000 yuan / ton, down 2.43% from 349500 yuan / ton at the beginning of the week; the price of praseodymium and neodymium alloy was 436500 yuan / ton, 1.58% lower than 4435000 yuan / ton at the beginning of the week; the price of neodymium oxide was 362500 yuan / ton, down 0.55% from 364500 yuan / ton at the beginning of the week; the price of metal neodymium was 459500 yuan / ton, which was stable this week The price of praseodymium was 330500 yuan / ton, down 2.07% from 337500 yuan / ton at the beginning of the week; the price trend of praseodymium metal was stable this week.

 

In recent years, the domestic light rare earth industry is mainly due to the negative downstream procurement, strong wait-and-see attitude, reduced trading volume, loss of support for manufacturers’ prices, some prices in the light rare earth market began to fall, and the price trend of other products was mainly stable. Recently, the demand and stock situation of permanent magnet manufacturers was general, the price of praseodymium and neodymium rare earth was mainly stable, and the market price of light rare earth was still at a low level. In addition, due to the impact of the epidemic, the import volume of overseas rare earth ores has dropped sharply, and the waste recycling and monazite raw materials have decreased, resulting in the decline of domestic rare earth smelting production. In addition, the downstream stock has been stopped for some time ago, and the domestic market price of light rare earth has begun to fall.

 

This week, the price trend of domestic direct family declined. As of the end of the week, the price of dysprosium oxide was 1.8 million yuan / ton, and the price trend of this week was down 0.28%; the price of dysprosium ferroalloy was 1.78 million yuan / ton, which was temporarily stable this week. Although the proportion of medium and heavy rare earth in the domestic rare earth collection and storage plan is large, it is expected to have a great impact on the supply and demand and price of medium and heavy rare earth, but the information of collection and storage is uncertain Myanmar’s customs clearance still has a tightening impact on domestic import and supply of medium and heavy rare earths. However, the downstream demand is not positive in recent years, and the market price of heavy rare earth has fallen back. In recent years, the market is general, heavy rare earth prices remain high, downstream demand has not significantly improved, heavy rare earth market prices slightly lower.

 

EDTA 2Na

The Ministry of industry and information technology issued the notice on the docking and implementation of preferential policies for rare earth industry. According to the notice, 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 the application of rare earth enterprises, and formed a collection of supporting policies for the resumption of work and production of rare earth industry. Favorable policies support the development of rare earth industry. Meanwhile, Sino US relations are tense. 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 in the rare earth industry. Recently, the supply of rare earth market is normal, and the demand has declined compared with the previous period. The domestic rare earth price fell this week.

 

Recently, the domestic demand for rare earths has fallen down compared with the previous period. In addition, the downstream procurement is not active and the wait-and-see attitude is strong. Analysts from the business agency predict that the market price of rare earth will decline in the future.

EDTA