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[SMM Analysis] the concept of rare Earth permanent Magnet pulled up the Market in the morning and the price of praseodymium and neodymium oxides rose in
May 14,2020 10:49CST
translation
Source:SMM
May 14, rare earth permanent magnet plate strong, research new materials, Dehong shares rose by the limit, Jinli permanent magnet, Sinosteel Tianyuan, Galaxy magnet, Minmetals rare earth and so on rose.
The content below was translated by Tencent automatically for reference.

SMM5 14: may 14, rare earth permanent magnet plate strong, research new material, Dehong shares rose by the limit, gold permanent magnet, Sinosteel Tianyuan, Galactic magnet, Minmetals rare earth and so on.

The tariff Commission of the State Council released the second exclusion list of the second batch of goods levied on the United States and Canada. The list mainly includes: rare earth metal ore, silver ore and its concentrate, gold ore, nickel alloy plate / sheet / strip / foil, nickel alloy wire, nickel alloy tube, aluminum alloy tube with an outer diameter not more than 10 cm, titanium tube, nickel-cadmium battery, etc.

Most of the rare earth metal mines imported by China come from the United States. In the early days, China imposed a tariff of 25% on rare earth metal mines imported from the United States since June 1, 2019. However, judging from the existing import and export data, the total import volume of rare earth metal minerals from June to December 2019 increased by 46% over the same period of 18 years. This time, the rare earth metal mine will no longer impose the tariff imposed by the anti-American 301 measure, and the tariff tax already levied will be refunded, so it is possible to promote the import of rare earth metal mine.

On the spot side, praseodymium and neodymium oxides rose for four consecutive days, with praseodymium and neodymium oxides quoted for 270000 yuan per ton on May 13, up 2.47 per cent a month, according to SMM data. According to the historical price of SMM rare earth, the price of praseodymium and neodymium oxide has reached the low level since 2017. Affected by the epidemic, market demand has been suppressed. With the steady progress of resumption of work and resumption of production, market demand will gradually open up.

SMM believes that because the recent market praseodymium oxide inquiry situation is generally good, demand to support praseodymium oxide neodymium price trend for a short time to improve. And the early praseodymium-neodymium oxide price line to 260000 yuan / ton, upstream merchants low-price shipping will is limited, although the recent price rise, but the overall increase is limited.

 

 

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