Analysis of China's rare earth import and export data in May

Published: Jun 30, 2021 14:42 (GMT+8)
China imported 235.534 mt of rare earth permanent magnet materials in May, an increase of 60.2% year-on-year. China exported 4,218.624 mt of rare earth permanent magnets in May, an increase of 39.6% year-on-year, according to data released by the General Administration of Customs.

SHANGHAI, Jun 30 (SMM) - China imported 235.534 mt of rare earth permanent magnet materials in May, an increase of 60.2% year-on-year. China exported 4,218.624 mt of rare earth permanent magnets in May, an increase of 39.6% year-on-year, according to data released by the General Administration of Customs.

The top five import countries of Chinese rare earth permanent magnets in May were the United States (657.983 mt), Germany (613.218 mt), South Korea (513.189 mt), Vietnam (316.705 mt) and Italy (223.442 mt).

In terms of rare earth metal ore, China imported 2,742.5 mt of rare earth metal ore in May, all of which came from the United States, a YoY decrease of 63.5%. The value of China's imports of rare earth metal ore was $12.41 million in May, an increase of 13.4% on the year. The import volume of thorium ore and concentrate was relatively stable on a year-on-year basis in May , but fell sharply from the previous month.

China's imports of mixed rare earth carbonate  totalled 1,551.099 mt in May, an increase of 224% on the year and 237.6% on the month. Imports of mixed rare earth carbonate came mainly from Malaysia (1,059 mt), Russia (90.099 mt) and Myanmar (362 mt), followed by India (21 mt) and Estonia (22 mt).

China imported 2,993.565 mt of unlisted rare earth oxides in May, an increase of 68.1% year-on-year. The import value of unlisted rare earth oxides was $94.42 million, a year-on-year increase of 205.3%. abcde China exported 559.975 mt of unlisted rare earth oxides in May, an increase of 33.4% year-on-year. The export value of unlisted rare earth oxides was $12.381 million, an increase of 182.9% year-on-year.

Japan remained the top buyer of Chinese unlisted rare earth oxides, importing 400.002 mt from China in May.

In terms of single rare earth oxides, lanthanum oxide (825.804 mt) recorded the largest export volume in May, followed by cerium oxide, yttrium oxide, neodymium oxide, dysprosium oxide, terbium oxide, praseodymium oxide, and europium oxide.

In terms of single rare earth metals, lanthanum metal (147.015 mt) recorded the largest export volume in May, followed by cerium metal, neodymium metal, praseodymium metal, terbium metal, dysprosium metal and yttrium metal.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
SMM Rare Earth Afternoon Trading Comment on October 8
5 hours ago
SMM Rare Earth Afternoon Trading Comment on October 8
Read More
SMM Rare Earth Afternoon Trading Comment on October 8
SMM Rare Earth Afternoon Trading Comment on October 8
5 hours ago
Rare Earth Prices Remain Stable Overall; Post-Holiday Market Trading Awaits Recovery [SMM Rare Earth Daily Review]
8 hours ago
Rare Earth Prices Remain Stable Overall; Post-Holiday Market Trading Awaits Recovery [SMM Rare Earth Daily Review]
Read More
Rare Earth Prices Remain Stable Overall; Post-Holiday Market Trading Awaits Recovery [SMM Rare Earth Daily Review]
Rare Earth Prices Remain Stable Overall; Post-Holiday Market Trading Awaits Recovery [SMM Rare Earth Daily Review]
[SMM Rare Earth Daily Review: Rare Earth Prices Remain Stable Overall, Post-Holiday Market Trading Awaits Recovery] In the short term, the market will gradually return to its normal pace after the holiday, and price trends depend on the actual fulfillment of orders from downstream magnetic material enterprises. Currently, Pr-Nd prices remain firm and cost support is still in place. If post-holiday orders and restocking demand are gradually released, the price center is expected to stay firm; if downstream acceptance of current price levels is limited, the processing segment's efforts to hold prices firm may face challenges. For medium-heavy rare earths, if terbium-based oxides continue to weaken, attention should be paid to whether the metal side follows with adjustments; dysprosium, gadolinium, holmium, erbium, and other varieties lack independent drivers and are likely to remain stable in the short term.
8 hours ago
[SMM Rare Earth Morning Meeting Summary] Pr-Nd recovers before the holiday, dysprosium and terbium stabilize
13 hours ago
[SMM Rare Earth Morning Meeting Summary] Pr-Nd recovers before the holiday, dysprosium and terbium stabilize
Read More
[SMM Rare Earth Morning Meeting Summary] Pr-Nd recovers before the holiday, dysprosium and terbium stabilize
[SMM Rare Earth Morning Meeting Summary] Pr-Nd recovers before the holiday, dysprosium and terbium stabilize
[SMM Rare Earth Morning Meeting Summary: Pr-Nd recovers before the holiday, dysprosium and terbium stabilize] The quoted center for Pr-Nd oxide moved slightly higher before the holiday, and the inquiry atmosphere recovered compared with the earlier period. Dysprosium oxide and terbium oxide prices stabilized successively.
13 hours ago