First, the trend of rare earth market
The domestic rare earth price trend was stable this week. As of September 7, the domestic factory reference price of ferroniobium alloy was 1155,000 yuan/ton, which was stable this week, down 10.47% year-on-year; the domestic factory reference price of bismuth alloy was 412,500 yuan/ton, the price was stable. The main reason for the yttrium oxide factory was 410,000 yuan/ton, which was steady at the end of this week, down 30.51% year-on-year; the mainstream price of yttrium oxide factory was 1145,000 yuan/ton, which was temporarily stable this week, down 10.20% year-on-year; It was 316,500 yuan / ton, holding steady this week, down 35.41% year-on-year; metal 钕 reported 407,500 yuan / ton, this week’s price was steady, down 33.20%; metal 镨 factory mainstream offer at 660000 yuan / ton, this week’s price is stable, The price of metal bismuth was 1625,000 yuan/ton, and the price was steady at this week, down 7.14% year-on-year. The price of strontium oxide was 325,000 yuan/ton. The price was stable this week, down 35.64% year-on-year.
Second, the rare earth price index
On September 6, the rare earth index was 348 points, which was the same as yesterday. It was 65.20% lower than the highest point in the cycle (2011-12-06), which was 28.41% higher than the lowest point of 271 points on September 13, 2015. (Note: Cycle refers to 2011-12-01 to date)
Third, the market analysis
Recently, some prices in the rare earth market have been stable, and prices have been almost stable this week. Most of the rare earth oxides tend to be stable, in which the price of concentrates remains high, large enterprises are strong and stable, and the support of costs and the cleaning of low-cost sources by large enterprises, the price trend of rare earth oxide products is temporarily stable. The price of the metal end is approaching upside down, coupled with the shrinking capacity of the high temperature season, the demand for oxides is reduced, and the upstream separation plant begins to share the pressure in the middle reaches. In addition, small and medium-sized manufacturers are forced to ship at low prices based on capital needs, and the supply of cheaper products on the market always exists. Affected by environmental verification, most rare earth separation enterprises stopped production, resulting in low supply, especially some mainstream rare earth oxides. The supply performance is tight. As the temperature gradually declines, some downstream plants will gradually start construction, and downstream demand will rise. The price of some rare earth products rose slightly. Affected by the rise in the price of rare earths, the sales of rare earth oxides are general, but the trading volume is still limited. The major manufacturers of products are also cautiously waiting to see each other, and the mutual inquiry has become more frequent.
Recently, the Sino-US trade war has intensified. China’s exports of rare earth smelting and separating products to the United States account for less than 30% of China’s rare earth smelting and separation products, and the export value is less than 20%. Recently, the rare earths exported to the United States may be reduced accordingly, but the recent rare earth prices are now operating at the bottom. In the short term, the rare earths are volatile, and the main rare earth products exported to the United States are not mixed with rare earth carbonate, barium carbonate, barium carbonate. Other compounds of antimony, other compounds of antimony, unmixed rare earth chloride, antimony oxide and antimony oxide are stable.
Fourth, the outlook of the market outlook
The recent environmental protection inspection work is still going on, indicating that the government’s determination to control environmental pollution and clear the gray market is only increasing. The environmental impact of the rare earth industry is generally low. The supply of rare earth products in the market is tight, and it is about to enter the rare earth procurement cycle. Analysts expect the rare earth market to rebound