Due to the fact that the current price of rare earth is close to the company's cost line, and the state's supervision on the uppermost reaches of the rare earth industrial chain has increased again, it is expected that the trend of continued decline in the prices of rare earths in China will ease in the second quarter.
Jiangxi is a province with a large amount of rare earth resources. The proven reserves of rare earths in the heavy rare earths of the Dai nationality account for the first place in the country, and the distribution of the deposits is the highest in southern Jiangxi. According to the Jiangxi Provincial Price Appraisal and Monitoring Authority, in the first quarter of this year, the price of rare earths in Ruzhou City experienced a retrenchment in January and February and stabilized after the decline in March. The decline in rare earth oxides was particularly noticeable. According to monitoring data from the monitoring center of the Pizhou Municipal Price Bureau, by the end of March, the high yttrium oxide was 300,000 yuan per ton, which was 6.25% lower than the 0.32 yuan per ton at the beginning of January, and that of the germanium compound was 280,000 yuan per ton, which was equivalent to 1 At the beginning of the month, it decreased by 6.67% per tonne.
The analysis of the Jiangxi Provincial Price Appraisal and Monitoring Administration believes that from the monitoring data since January, the price of rare earths has shown a trend of decreasing volatility. The continuous decline in the price of rare earths is mainly due to the fact that the surging prices of the market in the first half of last year caused the production costs of downstream buyers to increase, and confidence in purchases was frustrated, and the demand for rare earth products continued to be low.
However, experts also believe that despite the existence of many unfavorable factors in the market, but the rare earth price in the second quarter has stabilized. On the one hand, after continuous decline for seven consecutive months, the rare earth price has been close to the company's cost line and may continue to decline sharply. On the other hand, in order to protect the ecological environment, the state's supervision of the upper reaches of the rare earth industrial chain has once again increased. The Ministry of Land and Resources has issued the rare earth mining index in batches for the first time, required the signing of the total amount of mining control responsibilities and contracts, and implemented special personnel to supervise the implementation of control indicators for mining enterprises, and strictly implement the system for the reporting of land and resources statistics. The use of rare earth indicators in batches, will be conducive to the rational distribution of production enterprises, more conducive to the market supply and demand balance, but also to avoid the phenomenon of serious excess production capacity, to maintain the stability of the rare earth market price will play a positive role.
Recently, the price of rare earths has picked up. The fastest rising prices are cerium oxide, metallic antimony and antimony oxide. The prices of antimony oxide and antimony oxide have also risen. Affected by the above factors, it is expected to enter the second quarter, the trend of continued decline in rare earth prices will ease.
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