Downstream demand remained weak, converting a rebound of rare earth market

RE market experienced a downturn in October downside , the rare earth market improved slightly in November , prices of some products rebounded after turning smoothly .

Several manufacturers of neodymium oxide, praseodymium listing price from 370,000 yuan / ton after a few adjustments to 400,000 yuan / ton, while the actual transaction on the market grid remains at 330,000 yuan to 34 yuan / ton, or even the price of the few businesses in 325,000 yuan / ton , the price and the price difference between the larger public listing . Metal praseodymium neodymium mainstream market price of around 430,000 yuan to 44 yuan / ton, while the market some businesses to 425,000 yuan / ton , or even slightly lower prices can also be shipped. Inquiry on the market has also increased but not significantly increase the actual transaction is still some old customers insist on a small amount of stock in publicly quoted prices and no major effect on the actual market situation .

Europium oxide, terbium oxide, praseodymium , neodymium and market conditions are similar, publicly listed prices also continued to increase , but actually there is demand for goods on the market and purchase orders are not many , but the actual transaction price is also a far cry from the listing price . Publicly quoted price of europium oxide and terbium oxide after several adjustments were 5.5 million yuan / ton and 450 yuan / ton , while the actual transaction price in the market is generally about 4.7 million yuan / ton and 370 yuan / ton.

Neodymium oxide although there are publicly quoted prices , but did not therefore prices still remain basically unchanged original price , market demand and turnover has been less , the publicly listed price of neodymium oxide market conditions did not play a larger role the role of demand and price of neodymium oxide has also no improvement .

Although praseodymium oxide and erbium oxide listed prices continue to record , but the market 's actual transaction price is not so high , the actual market price of praseodymium oxide and erbium oxide were 57 yuan to 580,000 yuan / ton and 340,000 yuan ~ 35 yuan / ton, with the highest listing price 630,000 / t and 400,000 / tonne difference between the larger , premium of around 10 % and 16% .

November , although there are rare earth products are constantly quoted , but lanthanum oxide and cerium oxide is not listed in the list , and one of the main reasons is that the two products are not within the scope of state purchasing and storage plan , so lanthanum oxide and cerium oxide prices have been at a relatively low position , the downstream demand seen significant signs of improvement , the output of the upstream separation plant has been greater , so the product inventory has been more difficult market conditions have temporarily changed .

Under normal circumstances , the fourth quarter is relatively good NdFeB industry, a time period , but this year the market situation is very bad, in addition to domestic Zhong Ke San Huan has represented several large companies patented NdFeB production better than the other by the vast number of small and medium enterprises operating situation worse , the operating rate is generally lower than 50% , and more generally about 30 %. Shanxi NdFeB a company official said , as the previous year, this situation is not met before. The reason , the first downturn in domestic macroeconomic conditions , a significant decrease in market demand ; followed after soaring rare earth prices fall , companies are chosen downstream applications such as ferrite alternative to some extent , even if rare earth prices have dropped to low, but in view of the instability of rare earth still exists, so it can not be reused NdFeB permanent magnets , so it reduces the demand , exacerbated by the current weak market conditions NdFeB .

In November, prices of several publicly listed manufacturers constantly adjust pricing, purchasing and storage industry is generally considered to be a prelude to the country , but from the Baotou Rare Earth for the first time publicly listed price after 20 days, but the state purchasing and storage of things but has yet to have a clear view , the current expectations of the market for purchasing and storage has begun to decrease. It is understood that some of Ganzhou field has a significant holding cargo ship will, this attitude or lack of confidence in the market outlook, the majority of the performance .

From the current situation, the rare earth market sluggish downstream demand is difficult to change the situation for a moment , though the market is expected to reduce purchasing and storage , but does not completely disappear , it is expected that the recent market will be stable rare earth -based, Change does not appear more substantial .

Any change in policy would give the rare earth market is not a small impact , eighteen stressed the need to further reform the Third Plenary Session , for some time whether the introduction of a series of policies and measures to promote the healthy development of rare earth industry , it is worth watching.


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