China’s domestic rare earth market prices declined on July 10

On July 10, the rare earth index was 386 points, down 4 points from yesterday, down 61.40% from the cyclical peak of 1000 points (2011-12-06), and up 42.44% 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 dropped by 10,000 yuan per ton to 415,000 yuan per ton, Dysprosium by 2.4 million yuan per ton and praseodymium by 7.1 million yuan per ton. The average price of praseodymium and neodymium oxides in rare earth oxides dropped 5,000 yuan/ton to 325,500 yuan/ton; the price of dysprosium oxide dropped 25,000 yuan/ton to 192,000 yuan/ton; the average price of praseodymium oxide was 4.05 million yuan/ton; and the average price of neodymium oxide dropped 5,000 yuan/ton to 325,000 yuan/ton. The price of praseodymium and neodymium alloys in rare earth alloys dropped by 10,000 yuan per ton to 415,000 yuan per ton, while the average price of dysprosium-iron alloys dropped by 25,000 yuan per ton to 192,000 yuan per ton.

Recent price declines in rare earth market, domestic rare earth market trading market is general, most 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, prices of dysprosium and terbium metals have fallen, prices of praseodymium and neodymium series products have fallen in the near future, on-site supply is normal, and prices of light rare earth have fallen in the near future. Slippery. 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 the strict environmental protection inspection, rare earth separation enterprises in many provinces have stopped production, resulting in a general market of rare earth oxides. Recently, the rare earth market has turned to the seller’s market. The manufacturers have reasonable control over sales and are reluctant to sell. Especially for some mainstream rare earth oxides, the supply performance is still tense. The price trend of rare earth market has slightly declined. Recently, large enterprise groups on the market are reluctant to sell. The market trend of rare earth is poor. However, major manufacturers are cautious about the pricing of products.

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, and the trading market of the rare earth industry has declined.

Rare earth analysts from business associations expect that domestic environmental stringency will not diminish in the near future, coupled with domestic rectification of the order of the rare earth industry, Myanmar restricts exports and reduces supply, but rare earth market transactions are limited in the near future, and some prices in the rare earth market are expected to fall.