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 445-450RMB/KG, DyFe alloy 1930-1950RMB/KG, and Tb metal 5300-5350RMB/KG.
MiningWeekly reported that due to tight supply in the international rare earth market, and for fear that state enterprises could not meet domestic demand, the Indian government is considering whether to cancel the ban on mining by private companies at the beach which implemented earlier this year. Currently, only state-owned REIL in India develops and produces rare earth. If rare earth market continues to be tight, India needs to build domestic capacity as soon as possible. So the government is also considering opening up the rare-earth processing markets to private companies. The Indian Mining Federation (FIMI) has petitioned the government to lift the ban on mining by private companies at the beach.
Analysis of Professional Insiders
This week, the overall rare earth market continued its downward trend while weakness trend slowed down. And the transaction price gradually closed to the mid-low level, fluctuation range of transaction change is small, which shows signs of stopping falling.
The Sino-US trade war has become a major factor affecting the trend of rare earth in the near future. At the G20 summit, China and the United States reached an initial easing agreement to expand the import of American agricultural products in exchange for the normal supply to Chinese high-tech enterprises, but the tariffs imposed have not been abolished. The uncertainty of the follow-up to the trade war also implies more possibilities for the rare earth industry. Even though the price of rare earth products has dropped after some signs of easing, the industry has not given up the possibility of trade war to boost rare earth. Some large manufacturers appropriately increase prices, and look forward to the future of new positive.
Light rare earth upstream competition is still serious this week, heavy rare earth mainstream products are generally stable, Dy oxide and Tb oxide still have strong development potential, the correction range is relatively small and stable in the later period. Outlook: Myanmar and the United States continued to reduce rare earth imports, but the support it can produce has pushed the rare earth market to its position, short term follow-up force is not enough. Uncertainty still exists, and the potential main reason for the re-emergence of rare earth has not disappeared. After a two-week pullback, the price of rare earth is close to the acceptance range of upstream and downstream, although the follow-up may still be weak and stable, the decline space is bound to be small. (Ruidow)
Listing price on July 1st from China Southern Rare Earth
单位：万元/吨（出厂含税价）
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)
