On 4th September, Northern Rare Earth published listing price as follows.
Lanthanum oxide, RMB15500/ton, rising by RMB280
Cerium oxide, RMB1550/ton, rising by RMB3500
Praseodymium neodymium oxide, RMB520, 000/ton, rising by RMB100, 000
Neodymium oxide, RMB400, 000/ton, rising by RMB100, 000
Metal praseodymium neodymium, RMB665, 000/ton, rising by RMB130, 000
Metal neodymium, RMB640, 000/ton, rising by RMB130, 000
Insiders said that adjustment on price by Northern Rare Earth conformed China market price trend. Initially, due to sharp rise of price of praseodymium neodymium, most merchants stayed on the sideline, which resulted in price decline, however, currently, price published by Northern Rare Earth again strengths market confidence, which indicates that price of praseodymium neodymium will keep continuous increase later.
According to industrial research, there is huge supply shortage of praseodymium neodymium (there was shortage of 3000 tons last year and may be 8200 tons this year), which, to some extent, reflects unbalance between supply and demand. Supply of upstream supply of rare earth is less than demand of end use. Since price went down in 2010, rare earth industry has been continuously destocking for making up shortfall. Destocking was over in 2016 and price of praseodymium neodymium began bottom out. Rare earth industry has long industrial chain. There are 8 participations in this industry from upstream to downstream including traders, so when price of praseodymium neodymium begins to rises, each participation need to increase stock of one month and there will be new demand of 4-5 months. It is a huge shortage in rare earth industry.
Some permanent magnet manufacturers in China have to stop production because they cannot get raw material. Also, price of neodymium magnets from downstream begins to go up rapidly, which indicates that not only praseodymium neodymium is in industry, but also neodymium.
It is known that Model 3 of Tesla will adopt permanent magnet synchronous motors, which plays an important role in market of neodymium NdFeB magnets becoming the third essential upstream raw material of new energy automobile. Commonly, it takes 3-5 months to prepare raw material in neodymium industry, which benefits manufacturers by price rising and appreciation of stock. Also, China rare earth permanent magnet will become main stream of new energy cars and there is optimistic anticipation of sale of Tesla Model 3.
Tags: neodymium magnets price, China magnet, permanent magnet, magnet manufacturer, NdFeB magnets
China Rare Earth Magnet Limited manufactures NdFeB neodymium permanent magnets with good quality and competitive price.
回复删除