Rare dilemma remains obscure

In early June, the rare earth market is relatively stable, several heavy rare earth product prices began to climb in mid-June, some of the heavy rare earth prices began to appear signs of recovery, after nearly a month's time, dysprosium, terbium, europium and other heavy The prices of rare earth products seen a sharp decline.

In mid-May, dysprosium market mainstream in 1500 yuan to 1550 yuan / kg, the current mainstream market quotations dysprosium oxide at 1350 yuan to 1400 yuan / kg, the actual price at 1,350 yuan / kg or so, compared to mid-April, oxidation Dysprosium prices fell by about 10%, while the lowest point in early June when compared to the mainstream offer 14% has been floating around, but not much market transactions, the downstream demand is still lackluster, prices rose mainly hype factor greater .

Currently, europium oxide market mainstream in 3600 yuan ~ 3,700 yuan / kg, and the lowest point in early June when compared to an increase of 8.8%. Terbium oxide mainstream market by the beginning of 2200 yuan to the lowest 2,400 yuan / kg rose to 2600 yuan to 2700 yuan / kg, the increase was 12.5 percent.

Yttria mainstream market by the beginning of 5.5 yuan to 60,000 yuan / ton down to $ 50,000 ~ 55,000 yuan / ton, a decrease of 9%, prices have been no signs of recovery.

Since June, rare earth prices did not change, but the rare earth market after the Dragon Boat Festival, there was a certain turning point, after a period of adjustment, terbium, dysprosium, europium and other types of heavy rare earth products, price stabilization, and gradually stabilized recovery.

Nearly a month, part of the heavy rare earth product prices have been major changes, first fell sharply in late May, and then in late June and gradually began to rise, mainly because of its continuing decline in the price of rare earth minerals mining companies do not want low-cost shipping, separation is difficult for enterprises to purchase raw materials, while the impact of falling prices by oxides, separation upside down business costs, many companies have discontinued, reduced market supply, the industry has bottomed out a lot of people expected , so start procurement, and the opportunity to hype, so some products prices rise trend.

Compared to the heavy rare earth prices fell sharply, light rare earth product prices, although it also fell, but the decline is relatively small, basically show a slow downward trend.

Praseodymium neodymium oxide by the middle of May to 27.5 yuan to 285,000 yuan / ton, down to early June 255,000 yuan to 26 yuan / ton, and then there have been some rebound, at present, praseodymium neodymium quoted in the mainstream 27 yuan to 275,000 yuan / ton, praseodymium neodymium metal from 360,000 yuan to 37 yuan / ton down to the lowest point of 320,000 yuan to 33 yuan / ton, and then rebounded to 34 yuan to 350,000 yuan / tons.

Lanthanum Cerium product prices have been falling, and no rebound along with other products, yellow oxide, cerium mainstream market at 2.8 yuan to 30,000 yuan / ton, compared with mid-May offer 32,000 yuan to 3.5 yuan / ton fell by 12.5 percent. 99.9% purity lanthanum oxide from 3.3 yuan to 36,000 yuan / ton down to $ 30,000 ~ 32,000 yuan / ton, down about 10%.

Since May, the price of rare earth minerals also seen a sharp decline in the standard of yttrium europium-rich ore tax mainstream in 145,000 yuan to 16.5 yuan / ton, down compared to the previous 20,000 yuan per ton, mixed rare earth carbonate from 2.7 yuan to 29,000 yuan / ton, down from 02,000 to 25,000 yuan to 2.7 yuan / ton.

As rare earth prices continued to fall, there have been regular large-scale separation plant cost upside down, so a few large enterprises have stopped quotes, observing changes in the market. Some market participants expect the decline in value of the heavy rare earth products has come to an end, are not likely to continue to decline, while the lanthanum cerium and other light rare earth products prices may open a new round of devaluation trip. There are many businesses on the market down the offer, especially some brokers to keep the price lower than the quoted market price of the mainstream, but the real deal Shique difficult.

Exports of rare earths from China Customs statistics show that in April China exported 2,137 tons of rare earth products, the export amount of $ 43,970,000, the export price of 20.6 U.S. dollars / kg. Export volume, export value, export price in April 2012, respectively, year on year increase of 534.4%, -53.7% and -92.7%, an increase of 31.2% qoq, respectively, 30.6% and -0.4%. The total amount of rare earth products imported from China in the top four yuan countries are the United States, Japan, France, Italy.

January to April, China's rare earth exports accumulated approximately 5,888.4 tons, the export total amount of about 132 million U.S. dollars, the average export price of 22.5 U.S. dollars / kg, respectively, compared with the same period last year increased by 82.1%, -81.8% and -90% .

April 2013, total exports of rare earth permanent magnets 1641 tons, exports amounted to 120 million U.S. dollars, the average export price of 73.1 U.S. dollars / kg, respectively, year on year increase of 11.6% -33.3% and -32.8%, respectively, an increase of 15.1% qoq, 9.6% and -4.8%.

1 to 4 months, total exports of rare earth permanent magnet 4354.1 tons, the export amount of about 349 million yuan, the average export price of 80.1 U.S. dollars / kg, respectively, compared with last year an increase of -13.6%, -46.3% and -37.8%.

Rare earth market began to appear after the Dragon Boat Festival has been a slight change in dysprosium offer began to rise, but the real deal does not see the increase, the reason is mainly downstream demand has not increased, the prices rose mainly on the market price is expected to dysprosium already in the end, many middlemen result of speculation, but there are also market participants worry that, after the hype, the dysprosium oxide prices will fall again.

For the rare earth market outlook, market insiders have different views, it was expected that the price of rare earth products has basically bottomed out, prices continue to fall is unlikely. But most people are still relatively cautious, that the market has not bottomed out, the price of rare earth products are still down space, although the separation plant began to downstream applications basically in all aspects of the state upside down, but there is still some aspects of the mining profit margins, while private mining through the relevant departments to crack down after despite the convergence, but still constantly flooded the market, so many people think the market is still not bottomed earth, rare earth market stability for the presence of uncertainty.

Although the field of NdFeB permanent magnet materials generally said to start this year better than last year, but due to downstream applications market has not fully recovered, there is still a lot of demand is not fully released, so the demand for rare earth products are needed, as the increase in downstream applications may be, if the world economy recovers, the amount of rare earth new materials rebound, it will stimulate the demand for rare earth products, thus boosting prices stabilized stabilized rare earth products.

Recent relevant state departments in Ganzhou launched on private mining excessive digging and use of illicit ore source of verification work, affected terbium, dysprosium, europium and other products offer a substantial increase, praseodymium, neodymium praseodymium neodymium metal products prices have rebounded slightly the market more inquiry, but mostly traders mainly downstream applications needs and there is no actual increase in the absence of actual demand for the support of the price increases must be castles in the air, will not last long, so in the short term of several price of the product due to a variety of good news to stimulate the emergence of a rebound, but in the long run, of rare earth products is still excess capacity, the oversupply situation has not changed, because the good news by short-term stimulation and raise the price of rare earth speculation, does not stabilize, when the rare earth market bottoming out of the woods yet to be seen.


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