Baotou CEIT: rare earth market analysis in Baotou city in July
2017-08-23 17:42:51 [Print]
1. General situation of the rare earth market
Since the end of 2016, prices for major rare earth products have been stabilized at low level, which started rebounding in early 2017. With deepening special action on cracking down illegal rare earth mining, environmental inspection, national reserves and other policies, the expectation turned better on the rare earth market. Generally speaking, prices for light rare earth oxides moved up on the whole in H1 while those for middle and heavy materials saw both decreases and increases. In particular, prices for praseodymium neodymium oxide and metal rose significantly based on wider application, larger market share and higher economic value.
In H2 of 2017, both supply and demand will continue to improve and the rare earth market will be promoted further with better industrial order and continuously recovering market.
As for the export market, the growth of exports of rare earth smelting separation products were higher than that for exports volume and export prices were tending to be rational with reverse in “decreasing prices and increasing export volume”.
2. Rare earth price trend
The list price for praseodymium neodymium oxide was RMB355,200/t in July, up by 15.95% compared with that of RMB306,300/t in June.
The list price for praseodymium neodymium metal was RMB460,300/t in July, up by 17.76% compared with that of RMB390,900/t in June.
The list price for praseodymium oxide was RMB429,900/t in July, up by 13.52% compared with that of RMB378,800/t in June.
The list price for lanthanum oxide 99.9% was RMB15,500/t in July, up by 2.31% compared with that of RMB15,200/t in June.
The list price for cerium oxide 99.9% was RMB13,900/t in July, up by 18.33% compared with that of RMB11,700/t in June.
The list price for europium oxide 99.9% was RMB689,400/t in July, up by 3.81% compared with that of RMB716,800/t in June.
3. Rare earth exports
According to latest statistics from China Customs, China exported 4,290t of rare earth in June 2017, up by 11.5% YOY while down by 0.09% MOM; average export price was USD8.09/kg, up by 9.3% YOY while up by 1.01% MOM.
China’s total exports of rare earth reached 26,219t from January to June 2017, up by 15.13% YOY.
As for light rare earth exports, China exported 12,001kg of praseodymium oxide, down by 55.98% MOM; exports of neodymium oxide reached 33,690kg, down by 34.69% MOM; exports of cerium oxide were 271,996kg, down by 27% MOM; exports for lanthanum oxide and europium oxide reached 1,291,680kg and 260kg, both own by 3.53% MOM and 52.81% MOM.
Since the end of 2016, prices for major rare earth products have been stabilized at low level, which started rebounding in early 2017. With deepening special action on cracking down illegal rare earth mining, environmental inspection, national reserves and other policies, the expectation turned better on the rare earth market. Generally speaking, prices for light rare earth oxides moved up on the whole in H1 while those for middle and heavy materials saw both decreases and increases. In particular, prices for praseodymium neodymium oxide and metal rose significantly based on wider application, larger market share and higher economic value.
In H2 of 2017, both supply and demand will continue to improve and the rare earth market will be promoted further with better industrial order and continuously recovering market.
As for the export market, the growth of exports of rare earth smelting separation products were higher than that for exports volume and export prices were tending to be rational with reverse in “decreasing prices and increasing export volume”.
2. Rare earth price trend
The list price for praseodymium neodymium oxide was RMB355,200/t in July, up by 15.95% compared with that of RMB306,300/t in June.
The list price for praseodymium neodymium metal was RMB460,300/t in July, up by 17.76% compared with that of RMB390,900/t in June.
The list price for praseodymium oxide was RMB429,900/t in July, up by 13.52% compared with that of RMB378,800/t in June.
The list price for lanthanum oxide 99.9% was RMB15,500/t in July, up by 2.31% compared with that of RMB15,200/t in June.
The list price for cerium oxide 99.9% was RMB13,900/t in July, up by 18.33% compared with that of RMB11,700/t in June.
The list price for europium oxide 99.9% was RMB689,400/t in July, up by 3.81% compared with that of RMB716,800/t in June.
3. Rare earth exports
According to latest statistics from China Customs, China exported 4,290t of rare earth in June 2017, up by 11.5% YOY while down by 0.09% MOM; average export price was USD8.09/kg, up by 9.3% YOY while up by 1.01% MOM.
China’s total exports of rare earth reached 26,219t from January to June 2017, up by 15.13% YOY.
As for light rare earth exports, China exported 12,001kg of praseodymium oxide, down by 55.98% MOM; exports of neodymium oxide reached 33,690kg, down by 34.69% MOM; exports of cerium oxide were 271,996kg, down by 27% MOM; exports for lanthanum oxide and europium oxide reached 1,291,680kg and 260kg, both own by 3.53% MOM and 52.81% MOM.
