From: Shanghai Mantel Market
This week, the domestic rare earth market has been stabilised after the probe of low prices. Taking thorium as an example, the current thorium oxide is stable at 34.5-35.5 yuan per ton, and the metal germanium is basically at 45-45.5 yuan per ton. The volatility in the recent days has also temporarily stabilized at the current price, and the downstream market conditions have improved during the second half of the week.
This week, South rare earth International Trade announced a week of rare earth oxide listing prices, in addition to thorium oxide and antimony oxide remained stable, other varieties have decreased, and the market last week to the beginning of this week's decline more in line with.
At present, the market has basically erased the increase after the Spring Festival holiday, and the downstream market has begun to gradually enter the market for routine stocking. At present, the supply of most varieties is stable. It is necessary to pay attention to the fact that at present, only one company is producing metal bismuth, and the remaining suppliers have few stocks to sell, so the prices are higher.
It is reported that environmental protection and safety inspections in the Baotou area of Inner Mongolia are still more stringent. Local sources said that local companies that have been ordered to close down due to unauthorized mining have recently appeared in the area, and local verification of metal factories and private mining companies that have not completed formalities is also in progress. In progress, industry insiders believe that this may lead to short-term tax-free and low-end metal supply, thus supporting prices.
In addition, the high price of rare earth ore has caused huge pressure on the segregated companies. Many segregated companies stated that if the current price of rare earth ore is used to calculate, then the price of segregated oxides is inversely related to the price of ore. Therefore, some companies do not directly separate rare earth minerals, but instead purchase intermediate products to process oxides for sale.
For the next week's market, we believe that the market still needs substantial news to guide, and the factors from the supply side and the cost side will undoubtedly support the rare earth price.