Briefing of Important News
Last week, the prices of PrNd, DyFe and Tb fell slightly. Price from Asian Metal at this weekend presented: PrNd metal 390-395RMB/KG, DyFe alloy 1,700-1,720RMB/KG, and Tb metal 4,850-4,900RMB/KG.
In order to conscientiously implement the national and provincial requirements for the continuous rectification of the rare earth industry, on October 9th, 2019, the Leshan Economic and Information Commission and the Wutongqiao District Economic Information Commission held a meeting of the rectification of the rare earth industry in Wutongqiao District and discussed with the Leshan Shenghe Rare Earth Co., Ltd. and Sichuan Leshan Ruifeng Metallurgical Co., Ltd. The meeting emphasized that it is necessary to conscientiously implement the requirements of the nation, province, city and district for the rectification of the rare earth industry, and strictly organize production according to the rules of the directive production plan. On the basis of the previous order to suspend production and rectification, enterprises must obtain the Rare Earths Second Directive Production Plan Target of 2019 to resume production. (Leshan Economic and Information Commission)
Analysis of Professional Insiders
According to customs data in September 2019, the number of rare earth exports was 3,570.9 tons in China, a decrease of 17.96% compared with the previous month, and 36,398 tons from January to September, a decrease of 9% compared with the same period in 2018. In September 2019, the export value of rare earth was 210 million CNY, a decrease of 12.5% compared with the previous month. The cumulative export value from January to September was 2.39 billion CNY, a decrease of 5.3% compared with the same period of 2018.
From January to September of 2019, mainly affecting by the escalation of Sino-US trade wars and the sharp rise prices of domestic mainstream rare earth products, China's rare earth exports were in a downward trend. After the National Day holiday of the recent spot market, good news came to Sino-US trade, and the market is in a wait-and-see state for the follow-up progress of the Myanmar border. However, the business wait-and-see attitudes are more than the buying attitudes, so the market transactions are weaker and the prices of mainstream rare earth products such as PrNd oxide, Dy oxide, Tb oxide, have dropped significantly. (Shanghai Non-ferrous Website)