China Rare Earth Price - March 4, 2022

This week, China rare earth price was mixed as a whole. Affected by favorable and negative factors, the mentality of buyers and sellers was slightly different, that is, sellers were reluctant to sell and had high bullish sentiments, while buyers were more afraid of high pries and deals were limited. 

In the light rare earth market, both supply and demand are generally weak. In order to avoid the risk of inversion, downstream users basically maintain just-needed purchases, which makes it difficult for the market to heat up. However, due to the upcoming two sessions, the tightening of environmental protection policies and the continued spread of the epidemic in Inner Mongolia, light rare earths continue to spread. The production capacity release of production enterprises is subject to certain restrictions, so suppliers are reluctant to significantly reduce prices.

In the medium and heavy rare earth market, the market is generally in general, the frequent rainy days in the south, the import of mines in Myanmar is blocked, and the rise in commodity prices increases the production cost of rare earth raw materials. The consumption power of commercial enterprises is generally poor.

In terms of news: Ningbo Yunsheng will achieve operating income of 3.754 billion yuan in 2021, an increase of 56.47% over the same period last year; net profit attributable to the parent is 516 million yuan, an increase of 190.3% over the same period last year; net profit after deduction is 355 million yuan, A year-on-year increase of 426.09%.

Prices of rare earth products on March 4, 2022

Picture of dysprosium oxide

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