China’s domestic rare earth market declined on July 29

On July 29, the rare earth index was 367 points, unchanged from yesterday, down 63.30% from the cyclical peak of 1000 points (2011-12-06), and up 35.42% 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 is 382.5 million yuan per ton, dysprosium metal is 2.3 million yuan per ton and praseodymium metal is 700,000 yuan per ton. The average price of praseodymium and neodymium oxide in rare earth oxides is 289.5 million yuan per ton, dysprosium oxide is 1.84 million yuan per ton, praseodymium oxide is 3.90 million yuan per ton and neodymium oxide is 2.915 million yuan per ton. The price of praseodymium and neodymium alloys in rare earth alloys is 382,500 yuan per ton, and the average price of dysprosium and iron alloys is 184,000 yuan per ton.

Recent price declines in rare earth market, domestic rare earth market trading market is poor, some commodity prices in the rare earth market are stable, but in the near future, prices of some products in the rare earth market have fallen continuously, the price of dysprosium and terbium metals has fallen, the recent market trend of praseodymium and neodymium series products has been declining continuously, the supply in the market is normal, and the price of light rare earth has been in the near future. The trend is declining. The price fluctuation of rare earth market is related to environmental protection supervision in the whole country. Rare earth production has its particularity, especially the radiation hazard of some products, which makes environmental protection supervision stricter. Under stringent environmental protection inspection, rare earth separating enterprises in many provinces have stopped production, resulting in a general market input of rare earth oxides, especially some mainstream rare earth oxides, the supply is normal, the price trend of rare earth market has slightly declined, the recent market sentiment of large enterprise groups is reluctant to sell, the market trend of rare earth is poor, but for production. Pricing of products is also a cautious wait-and-see by major manufacturers.

Recently, the State Environmental Protection Department has made no reduction in its stringent efforts, which has a greater impact on the rare earth industry. The rare earth industry has a low start-up and a cold market. At the recent press conference on macroeconomic operation held by the Development and Reform Commission, Meng Wei, spokesman of the National Development and Reform Commission (NDRC), answering reporters’questions on rare earth, said that on the basis of in-depth investigation and scientific demonstration, relevant policies and measures would be put forward to give full play to the special value of rare earth as a strategic resource. Due to the increasingly obvious regulatory effect, the supply of raw ore resources in the upstream of the rare earth industry has shrunk, the demand in the downstream is poor, and the trading market of the rare earth industry has declined.

Rare earth analysts of business associations expect that the domestic environmental stringency will not diminish in the near future, coupled with the domestic rectification of the order of the rare earth industry, Myanmar’s export restrictions and normal supply, but the recent rare earth market transactions are limited, and the price of the rare earth market is expected to continue to fall.