China Rare Earth Price Dropped in April 2022

China rare earth price dropped significantly in mid-to-early April, and there were few new orders concluded in the market, according to Chinatungsten Online.

The main reasons are: first, the Rare Earth Office of the Ministry of Industry and Information Technology has interviewed key enterprises on the price of rare earth products, requiring them not to participate in market speculation and hoarding, which is not conducive to the increase in rare earth prices; second, from 2021 to early March this year, mainstream rare earth product prices have risen significantly, greatly reducing the profitability of downstream enterprises. Although the price of raw materials dropped significantly from mid-March to mid-April this year, it was still at a relatively high level, so buyers were generally cautious in receiving goods; third, due to the unstable situation in Russia and Ukraine, the global The continuous spread of the epidemic and the great impact of traffic pressure have affected the downstream industries of rare earths such as automobiles and smart equipment industries to a certain extent, which in turn affects the amount of rare earth functional materials.

In mid-to-late April, the rare earth market situation improved slightly, mainly reflected in the increase in market inquiries and the slight rise in mainstream product prices. The main reasons are: first, the May Day holiday is approaching, and downstream users are more willing to buy at bargain prices; second, Changchun The gradual resumption of work and production by industrial enterprises in epidemic areas such as Shanghai and Shanghai has played a positive role in the increase in the amount of rare earth raw materials. However, due to the limited release of production capacity, the price of rare earth has been insufficiently driven. Third, the prices of commodities such as oil and metals have declined, which is not conducive to the Rare earth suppliers raised their quotations.In April 2022, the average price of praseodymium oxide was 904,737 yuan/ton, a month-on-month decrease of about 14.58% and a year-on-year increase of about 69.94%; the average price of neodymium oxide was 927,895 yuan/ton, a month-on-month decrease of about 19.25%, and a year-on-year increase of about 57.61%; The average price of praseodymium and neodymium oxide was 868,421 yuan/ton, a decrease of about 17.46% month-on-month and an increase of about 85.15% year-on-year; the average price of praseodymium and neodymium metal was 1,079,737 yuan/ton, a decrease of about 17.93% month-on-month and a year-on-year increase of about 87.02%; terbium oxide The average price was 13.542 yuan/kg, a decrease of about 7.22% month-on-month and a year-on-year increase of about 48.28%; the average price of dysprosium oxide was 2,593,684 yuan/ton, a month-on-month decrease of about 13.66%, and a year-on-year increase of about 0.79%; the average price of dysprosium ferroalloy was 2,590,526 yuan/ton, a month-on-month decrease of about 13.80% and a year-on-year increase of about 1.90%.

Prices of rare earth products on April 29, 2022

Picture of neodymium oxide

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