1.Briefing of Important News
This week, prices of PrNd, DyFe, and Tb have dropped. Price from Asian Metal at this weekend presented: PrNd metal 425-430RMB/KG, DyFe alloy 1920-1940RMB/KG, and Tb metal 5230-5280RMB/KG.
2.Analysis of Professional Insiders
Since the ease of trade disputes between China and the United States, the political and theoretical fulcrum of rare earth price rise has suffered setbacks. Market judgment has come back to supply and demand, and the price of rare earth products has fallen.
The retreat was long and moderate as a whole. Because the imports of rare earth from the United States and Myanmar did shrink slightly, and the industry was still looking forward to the follow-up policy, there was no free-fall decline in rare earth price reduction. However, the price has not yet reached the balance point between supply and demand, and the shortcomings of demand are once again highlighted.
In the hot summer, the traditional off-season of rare earth permanent magnets is approaching, while the stocks of rare earth oxides and metals are still high, and the price increasing by large factories has only slowed down the decline, active shipment is still the main attitude of the upstream firms of rare earth industry. With supply and demand leverage returning to normal again, the rare earth industry urgently needs a major policy boost to reverse the downturn. (Ruidow)
Listing price of Jul from China Northern Rare Earth
listing price on Jul 09th from China Southern Rare Earth
单位：万元/吨（出厂含税价）
Unit: 10,000RMB/ton (EXW price incl. VAT)
3.Tendency Chart (refer to Asian Metal)
