On September 11, the rare earth index was 380 points, unchanged from yesterday, down 62.00% from its cyclical peak of 1000 points (2011-12-06), and up 40.22% from its lowest point of 271 on September 13, 2015. (Note: Period refers to 2011-12-01 to date).

The average price of neodymium, dysprosium and praseodymium in rare earth metals is 413,500 yuan/ton, 2325,000 yuan/ton and 695,000 yuan/ton respectively. The average price of praseodymium and neodymium oxides in rare earth oxides increased by 3000 yuan/ton to 330,500 yuan/ton, dysprosium oxide price was 193,000 yuan/ton, praseodymium oxide price was 385,000 yuan/ton, and neodymium oxide price was increased by 3000 yuan/ton to 335,000 yuan/ton. The price of praseodymium and neodymium alloys in rare earth alloys is 413,500 yuan per ton, and the average price of dysprosium and iron alloys is 1.93 million yuan per ton.

Recently, the prices of some products in the rare earth field have been rising continuously. The domestic rare earth market has a general trading market. The prices of dysprosium and terbium metals and oxides have maintained a high level. Recent inquiries for neodymium oxide and neodymium oxide have increased in the field, and the prices of light rare earth oxides have maintained a rising trend. At that time, light rare earth merchants in the field were reluctant to sell and optimistic about the future market. Recent on-site transactions are general. The supply of rare earth is normal in China. The price fluctuation of rare earth market is related to the national environmental protection supervision. Rare earth production has its particularity, especially the radiation hazards of some products, which make the environmental protection supervision stricter. Under strict environmental protection inspection, rare earth separation enterprises in many provinces have stopped production, resulting in a general market of rare earth oxides. Especially some mainstream rare earth oxides are in normal supply. The price trend of rare earth market has risen. Recently, large enterprise groups in the field are reluctant to sell. The market of rare earth oxides is general and the turnover has not changed much.

Recently, the State Environmental Protection Department has been making strict investigations. Strengthening the supervision of the rare earth industry in Jiangxi Province has a great impact on the rare earth industry. The start-up of the rare earth industry is relatively low and the market is cold, which has brought some favorable support to the rare earth market. Recently, the Development and Reform Commission and the relevant departments have stepped up effective measures to regulate the industry, innovate and improve the relevant management mechanism, accelerate the construction of a rational industrial structure, advanced scientific and technological level, effective protection of resources, orderly production and operation of the industry development pattern, and give full play to the special price of rare earth as a strategic resource. Meanwhile, the supply of raw ore resources in the upstream of the rare earth industry has shrunk, and people in the domestic market are waiting for the good news of the policy and national reserves.

Rare earth analysts of business associations expect that the domestic environmental stringency will not decrease in the near future, coupled with the domestic reorganization of the order of the rare earth industry, the supply of Jiangxi rare earth industry will be reduced, but the demand of rare earth downstream will be supported in the near future. It is expected that some prices of rare earth market will continue to rise slightly.

Price Trend

According to the data monitored by business associations, on September 01, PET water bottle manufacturers quoted 7062.5 yuan/ton, and on September 10, PET water bottle manufacturers quoted 7112.5 yuan/ton. The overall price rose slightly by 0.71%. This week, the market of PET showed an upward trend.

II. Cause Analysis

Product aspect: Polyester market improved in September. Affected by the upstream raw material PTA plant maintenance and price rise, the spot price of PET rose with the market. The supply of gold, nine silver and ten busy seasons increased, the cost side was well supported, and the production and marketing improved slightly. At present, the overall trading of polyester bottle market is flat and the market expectation is not clear. Near the 70th anniversary of the founding of the People’s Republic of China, the environmental protection policy is grim. The downstream enterprises are in a wait-and-see atmosphere and just need to purchase. In the short term, the market of polyester bottle flakes followed the upward trend of raw materials, but the increase was limited. According to the business association data, as of September 10, the main quotation range of PET water bottle manufacturers is 7000-7250 yuan/ton.

Graph.100ppi.com

Raw Material: Recently (September 01-September 10), PTA spot market price of raw materials has risen slightly, and the overhaul plan of large factories is stimulating, but the spot market is full of mobile goods, and the raw materials and demand side are not optimistic. Ethylene glycol plant start-up rate decreased, port inventory decreased, and the price of polyethylene glycol. However, there have been many news of device restart recently, which has exerted some pressure on the price.

Industry: On September 9, the PET commodity index was 53.57, unchanged from yesterday, down 48.37% from 103.76 points in the cycle (2011-09-22) and up 12.21% from 47.74 points on January 25, 2016. (Note: Period refers to 2011-09-01 to

3. Future Market Forecast

PET analysts from business association believe that the market of PET has improved with the advent of the golden nine silver ten peak season. However, the intensification of Sino-US trade, cautious terminal demand and strong wait-and-see atmosphere of manufacturers have forced the market of PET to turn around completely. It is expected that the focus of the PET market will move upward in the short term and follow the trend of the cost side.

On September 9, the hydrofluoric acid commodity index was 94.10, which was the same as yesterday. It was 32.99% lower than the peak of 140.43 points in the cycle (2018-02-21), and 75.59% higher than the low of 53.59 points on November 30, 2016. (Note: Period refers to 2011-09-01 to date).

According to statistics, the domestic market price trend of hydrofluoric acid remains low, up to the present domestic market price of hydrofluoric acid is 10 370 yuan/ton, the domestic start-up rate of hydrofluoric acid is less than 60%. Enterprises reflect that the current spot supply of hydrofluoric acid is sufficient, and the hydrofluoric acid market is not moving in the near future. As the downstream demand is not improving, some hydrofluoric acid is not available. Manufacturers continue to reduce prices, hydrofluoric acid market prices continue to fall. At present, the mainstream of hydrofluoric acid negotiations in the southern region is about 9500-10000 yuan/ton, while the price of hydrofluoric acid in the northern market is 9500-10000 yuan/ton.  Domestic hydrofluoric acid market prices continue to decline, spot supply is sufficient, but the demand situation is poor, hydrofluoric acid market is weak.

Upstream fluorite price shocks, up to 9 days fluorite price is 2968.75 yuan/ton, upstream raw material price low to the hydrofluoric acid market has a negative impact, the hydrofluoric acid market price is affected by the lower price of raw material fluorite decline. Recent downstream refrigerant market trading market is general, domestic refrigerant R22 market shocks down, from the market supply point of view, refrigerant R22 market continues to be weak, manufacturers reduce the start-up load, market supply capacity has decreased, inventory pressure has been buffered. On the demand side, the downstream air conditioning manufacturers’overhaul, the demand has only decreased but not increased, and the price of domestic large enterprises has dropped to 14,000-15,000 yuan per ton. The domestic market price of R134a has declined, the start-up rate of production enterprises has remained low, the market demand for refrigerants has decreased, and manufacturers mainly export their products. However, on-site transaction prices continue to decline, merchants purchase on demand, the end of the peak season, downstream terminal demand only declined, hydrofluoric acid market prices declined. However, the on-site transaction price is lower, merchants purchase on demand. Recently, due to the normal supply of goods, the downstream demand is not good, and the market price of hydrofluoric acid remains low.

Refrigerant field turnover is poor, refrigerant industry equipment start-up rate remains low, for upstream hydrofluoric acid market demand is limited, hydrofluoric acid spot supply is sufficient, Business Analyst Chen Ling believes that the hydrofluoric acid market may continue to decline.

I. Price Trend Chart of Sodium Pyrosulfite in China

According to the monitoring of business associations, this week the domestic price of sodium pyrosulfite moved steadily forward at the bottom. The average price of industrial sodium pyrosulfite at the beginning of the week was 1816.67/ton, and the average price at the end of the week was 1816.67 yuan/ton, with a rise or fall of 0.

II. Market Analysis

Product: The overall market performance of domestic pyrosulfite market this week is general. The market price of industrial sodium pyrosulfite this week is in the range of 1700-1950 yuan/ton. Most of the prices are concentrated in the vicinity of 1800 yuan/ton. At present, domestic sodium pyrosulfite inventory is sufficient, raw material costs continue to be weak adjustment, the downstream trade main body wait-and-see attitude is strong, resulting in a continuing slump in terminal demand, the market as a whole trading light, enterprises have completed the old order-based. (The above prices refer to the foreign quotations of the mainstream domestic enterprises, some of which are not reported for the time being. The prices are for reference only. They have nothing to do with the final pricing of the manufacturers. For details, please contact the manufacturers for consultation.

Industry chain: This week, domestic soda price has been steadily moving forward, sulfur price has fallen 4.81%, processing cost has been low, market wait-and-see attitude is strong, and sodium pyrosulfite price has warmed up and pressured.

3. Future Market Forecast

Business analysts believe that raw material costs continue to be low, terminal demand continues to be depressed, the domestic market price of sodium pyrosulfite warms and pressures in the short term.

On September 5, the rare earth index was 379 points, up 2 points from yesterday, down 62.10% from the cyclical peak of 1000 points (2011-12-06), and up 39.85% from the lowest point of 271 on September 13, 2015. (Note: Period refers to 2011-12-01 to date).

The average price of Neodymium in rare earth metals increased by 5,000 yuan/ton from 411,500 yuan/ton, Dysprosium by 25,000 yuan/ton to 2325,000 yuan/ton, and praseodymium by 695,000 yuan/ton. The average price of praseodymium and neodymium oxides in rare earth oxides increased by 3000 yuan/ton to 325,500 yuan/ton, dysprosium oxide by 15,000 yuan/ton to 192,000 yuan/ton, praseodymium oxide by 385,000 yuan/ton and neodymium oxide by 3,000 yuan/ton to 325,000 yuan/ton. The price of praseodymium and neodymium alloys in rare earth alloys increased by 5,000 yuan/ton to 411,500 yuan/ton, and the average price of dysprosium-iron alloys increased by 15,000 yuan/ton to 1925,000 yuan/ton.

Recently, the price of light rare earth in the rare earth market keeps rising, the price of heavy rare earth market has risen, the domestic rare earth market trading market is general, the price of dysprosium-terbium metals and oxides has risen, the inquiry list of praseodymium oxide in the field has increased recently, and the price of light rare earth oxides has maintained an upward trend. At that time, the light rare earth merchants in the field had a reluctant mood to sell. Looking forward to the future market, the recent on-site trading situation is general. The supply of rare earth is normal in China. The price fluctuation of rare earth market is related to the national environmental protection supervision. Rare earth production has its particularity, especially the radiation hazards of some products, which make the environmental protection supervision stricter. Under strict environmental protection inspection, rare earth separation enterprises in many provinces have stopped production, resulting in a general market of rare earth oxides. Especially some mainstream rare earth oxides are in normal supply. The price trend of rare earth market has risen. Recently, large enterprise groups in the field are reluctant to sell. The market of rare earth oxides is general and the turnover has not changed much.

Recently, the national environmental protection department has made great efforts to investigate the rare earth industry, which has a great impact on the rare earth industry. The starting situation of the rare earth industry is relatively low, and the market is cold. In addition, the recent rectification of the rare earth industry in Jiangxi Province, a major province of rare earth production, has brought some favorable support to the rare earth market. Recently, the Development and Reform Commission and the relevant departments have stepped up effective measures to regulate the industry, innovate and improve the relevant management mechanism, accelerate the construction of a rational industrial structure, advanced scientific and technological level, effective protection of resources, orderly production and operation of the industry development pattern, and give full play to the special price of rare earth as a strategic resource. Meanwhile, the supply of raw ore resources in the upstream of the rare earth industry has shrunk, and people in the domestic market are waiting for the good news of the policy and national reserves.

Rare earth analysts of business associations expect that the domestic environmental stringency will not decrease in the near future, coupled with the domestic reorganization of the order of the rare earth industry, Jiangxi rare earth industry reorganization, supply may be reduced, but the demand for rare earth downstream in the near future has been supported, and it is expected that some prices in the rare earth market will continue to rise.