SunSirs: On November 23, China’s Rare Earth Market Price Index Rose

　　The Rare Earth Index on November 23 was 755 points, a decrease of 24.50% from the cycle highest point of 1,000 points (2011-12-06), and an increase of 178.60% from the lowest point of 271 points on September 13, 2015. (Note: Period refers to 2011-12-01 till now).

　　The domestic rare earth index is rising. The price of domestic light rare earth praseodymium and neodymium series has risen. The price of praseodymium neodymium oxide rose by 5000 yuan/ton to 792,500 yuan/ton, and the price of praseodymium neodymium metal rose by 5000 yuan/ton to 965,000 yuan/ton. The price of praseodymium increased by 10,000 yuan/ton to 845,000 yuan/ton, the price of neodymium oxide increased by 5,000 yuan/ton to 822,500 yuan/ton, the price of metal praseodymium was 1.08 million yuan/ton, and the price of neodymium metal was 990,000 yuan/ton. The price of dysprosium oxide is 2.92 million yuan/ton, the price of dysprosium ferroalloy is 890 thousand yuan/ton, and the price of dysprosium metal is 3.78 million yuan/ton. The price trend of domestic light rare earth market is rising, and recent purchases are general. The price trend of domestic heavy rare earth market dysprosium Stable, terbium prices are maintained, and downstream on-demand procurement is the main focus. Myanmar has banned exports. It is expected that the domestic rare earth market prices may increase slightly in the later period.