PrNd new Price height: 700 000 CNY / ton

PrNd new Price reaches new height: 700 000 CNY / ton
It looks like Chinese Raw Material Suppliers are still in no hurry to sell, and prices might continue to rise until end of 2017.
At the same time, some factories already face shortage of raw material and quote only to valuable long term customers.
A question remains, of how this development will influence the quality of NdFeB raw material, since PrNd can only be stored over a certain period of time.

NdFeB Prices on the Rise in 2017

 

Rise in rare earth prices to continue in 3Q and possibly Q4 on tight supply

Rises in Chinese rare earths prices (especially PrNd) are expected to continue in the third quarter due to growing physical demand from the magnetic material sector and caused by anti-pollution checks as well as the government’s tighter regulations on illegal production.

Enforcement of these policies by the Chinese Government is expected to remain in place in the long run.

Demand has also moved prices, but to a much lesser extent than Chinese government regulations. Production of magnetic materials has risen in 2017 year on the back of developments in industrial intelligence, automotive and other electronic industries, which all require permanent magnets.It is estimated, that rare earths prices could receive a further boost from possible Chinese government-led stockpiles for 9,000t of material in the second half of this year and a public bidding conference is due in July, according to market players.

It is the steepest price increase since the erratic market movement in 2011. It is to be hoped, that all involved players this time refrain from speculation, so that the industry can continue to develop in a healthy way.

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