Briefing of Important News
This week, prices of PrNd, DyFe, and Tb have a little drop. Price from Asian Metal at this weekend presented: PrNd metal 460-465RMB/KG, DyFe alloy 1,950-1,970RMB/KG, and Tb metal 5,320-5,370RMB/KG.
Customs export data showed that in May 2019, 3,620 tons of carbonate rare earth were imported, up 40.4% year-on-year and 81.4% month-on-month. Among them, 3,284 tons were imported from Myanmar, up 29% year-on-year and 73% month-on-month. In May 2019, the import of unlisted rare earth oxides was 1,362.680 tons, up 106% year-on-year and down 50% month-on-month. Among them, imports of 107.5 tons from Myanmar which increased 144.2% year-on-year and decreased 50.4% month-on-month.
from January to May of 2019, during the temporary rare earth clearance buffer period in Tengchong, Myanmar's total imports of rare earth increased by 10% year-on-year. The buffer period for Myanmar's customs clearance has passed, and the production of rare earth in Myanmar has been restricted and some stocks have been cleared. It is expected that the import volume will gradually shrink in the future and there are still high production and mining costs. With the consumption of domestic stocks, there are still some interesting trends of heavy rare earth in the medium and long term
Analysis of Professional Insiders
Rare earth has fared poorly overall this week. The trade talks between China and the United States have shown signs of easing, and there is no news on the relevant rare earth policy. The overall price of rare earth products adjusts itself in line with market rules.
The shipment with discount caused by fear of high price in the market is more and more intense, from small factories and traders finally affect the big factory quotation. Although the big factory has cut down but the price is obviously higher than the market transaction, the poor shipment did not affect the big factory quotation strategy, the operation long-term positioning, the big factory thinks that this callback is similar to the previous two times; the follow-up still has redemption space.
A second round of environmental inspection is about to begin, which is a challenge for rare earth mines and separation companies. Although there are only a handful of rare earth mines in southern China, the source of the supply contraction in Myanmar will be controlled. There are certain hidden dangers from the atmosphere and sewage supervision of the separation enterprises, the beginning of the heavy play will also be the promotion on the separation of enterprises green development, not only the production capacity is likely to shrink, the increase of environmental protection costs also support the rare earth oxide. (Ruidow)
Recently, the uncertainty of macro environment in the market determines the inactivity of trading, and the sentiment of PrNd market is divided, dominated by supply and demand, manufacturers adjust prices with the market, cautious view of the market, the downstream and traders' wait-and-see sentiment is strong, starting from the base position is expected to be slightly insufficient. Heavy rare earth with demand to adjust the direction of the market, starting from the bottom of the sentiment of preference over PrNd, cost and supply changes still provide strong support for the future. (My Nonferrous Metals Net)
Listing price on June 24 from China Southern Rare Earth
Unit: 10,000RMB/ton (EXW price incl. VAT)
3. 趋势图（参考亚洲金属网）Tendency Chart (refer to Asian Metal)
