1. Chart of China Rare Earth Index Trend
Rare earth index of December 25th, 2014 was at 331, which declined by 66.9%, comparing with the highest point, 1000 (December 6th, 2011) in period. But it goes up by 10.33%, comparing with the lowest point 300 on July 23rd, 2013. (Note: period refers to Dec. 1st, 2011 to now.)
2. Analysis of Rare Earth Stock Market
In this week, there is a continuous market downturn of China rare earth magnet products, of which most prices remain the same and few go down. However, price of neodymium magnet products has a little scope to rise. Among representative products, price of Dy and Pr remain unchanged. Pr is 535 thousand Yuan per ton and Dy is 22 thousand Yuan per ton. Nd, as on behalf of metal with rising price, was 345 thousand Yuan per ton at the beginning of this week, but in the end of week, it fell by 350 thousand Yuan. Due to shortage of some neodymium magnets, upstream businesses have no available stock, which leads to a rise of price of some rare earth products. But order of neodymium iron boron market is still under adjustment and price will gradually become stable. According to experts, with debugging of downstream market and regulation of upstream market, neodymium price tends to be stable. Recently, government fights against illegal private mining and strengthens integration policy of rare earth private businesses, which brings great benefits to market operation order in a long term.
3. Prediction of After-market
Wang Luhong, an analyst from China believes that rise and decline of rare earth price will become sluggish, such as products of Dy products, which will also be stable after rising. Due to shortage of upstream products, some products still keep going up in the weak market, but it tend to stable and market will be improved. Regulation of government will bring new climate to industry.
China Rare Earth Magnet Limited
Tags: China Magnet, Neodymium Magnet
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