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
International News Boosts Pr-Nd Prices Amid Subdued Market Sentiment Ahead of Holiday
16 mins ago
International News Boosts Pr-Nd Prices Amid Subdued Market Sentiment Ahead of Holiday
Read More
International News Boosts Pr-Nd Prices Amid Subdued Market Sentiment Ahead of Holiday
International News Boosts Pr-Nd Prices Amid Subdued Market Sentiment Ahead of Holiday
Influenced by international news, market expectations for future NdFeB exports improved, driving Pr-Nd prices up today. As of 11:30 a.m., spot Pr-Nd oxide was quoted at 737,000-739,000 yuan/mt, up 2,500 yuan/mt from the previous day, while spot Pr-Nd alloy was quoted at 893,000-900,000 yuan/mt, up 9,000 yuan/mt from the previous day. However, with the holiday approaching, downstream NdFeB magnetic material producers remained on the sidelines, with subdued purchasing and selling sentiment.
16 mins ago
[SMM Rare Earth Morning Meeting Summary] Pr-Nd pulls back from highs, dysprosium and terbium weaken in tandem
2 hours ago
[SMM Rare Earth Morning Meeting Summary] Pr-Nd pulls back from highs, dysprosium and terbium weaken in tandem
Read More
[SMM Rare Earth Morning Meeting Summary] Pr-Nd pulls back from highs, dysprosium and terbium weaken in tandem
[SMM Rare Earth Morning Meeting Summary] Pr-Nd pulls back from highs, dysprosium and terbium weaken in tandem
[Pr-Nd pulls back from highs, Dy and Tb weaken in tandem] Yesterday, Pr-Nd oxide ended its upward trend. Price holds from the previous two days were not confirmed by transactions, and offers pulled back from highs. Although sellers quoted firmly yesterday afternoon, inquiries from metal enterprises turned sluggish, with limited actual transaction volume. Dysprosium oxide prices remained stable, with sporadic inquiries in the market and few actual deals. Terbium oxide prices were temporarily steady, with little response to higher offers, and transactions mostly concentrated at lower prices.
2 hours ago
SMM Rare Earth Afternoon Trading Comment on September 23
18 hours ago
SMM Rare Earth Afternoon Trading Comment on September 23
Read More
SMM Rare Earth Afternoon Trading Comment on September 23
SMM Rare Earth Afternoon Trading Comment on September 23
18 hours ago