On April 6, the rare earth index was 334, the same as yesterday, 66.60% lower than the highest point in the cycle, 1000 (2011-12-06), and 23.25% higher than the lowest point, 271 on September 13, 2015. (Note: cycle refers to 2011-12-01 to now).
| PVA |
The average price of neodymium, dysprosium and praseodymium in rare earth metals decreased by 2500 yuan / ton to 360000 yuan / ton, 2325000 yuan / ton and 635000 yuan / ton respectively. The average price of praseodymium neodymium oxide in rare earth oxide decreased by 1000 yuan / ton to 262500 yuan / ton; the price of dysprosium oxide was 1795000 yuan / ton; the average price of praseodymium oxide decreased by 5000 yuan / ton to 305000 yuan / ton; the average price of neodymium oxide decreased by 2500 yuan / ton to 282000 yuan / ton. The price of praseodymium neodymium alloy in rare earth alloy decreased by 2000 yuan / ton to 332500 yuan / ton; the average price of dysprosium ferroalloy was 1795000 yuan / ton.
In the rare earth market, the price trend of rare earth continued to fall, and the domestic heavy rare earth market was well supplied. Myanmar unilaterally closed the customs clearance port, but the domestic manufacturers continued to resume work, the domestic supply increased, and the domestic heavy rare earth price trend continued to fall. The reduction of orders in the rare earth terminal industry is transmitted to the reduction of demand for upstream rare earth raw materials. In addition, domestic metal factories and downstream enterprises mostly maintain on-demand procurement, and the overall transaction situation of market orders is weak. Some upstream businesses are actively shipping, and the quotation of upstream businesses is gradually moving down. In recent years, the demand for permanent magnet has declined, the market trend of praseodymium and neodymium series products has been slightly lower, the on-site supply is normal, the demand for light rare earth has weakened in recent years, and some market prices have continued to decline. 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 controlled the sales, but in the near future, the downstream demand declined, and some rare earth prices fell.
| PVA FIBER |
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 clarified 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 downstream demand is not good, and the market price continues to fall.
Rare earth analysts of business agency expect the supply of domestic heavy rare earth market to be normal in the near future, and the downstream demand to be weakened. But recently, Lynas group, the largest rare earth producer outside China, Australia’s rare earth miner, is the largest in the world On March 31, Corp said it would follow the Malaysian government’s order to extend the closure time of Malaysian factories for two weeks to April 14, and expected the momentum of the rebound of rare earth market prices in the later period.
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