Recently, the domestic rare earth price has been falling continuously. Since May, the rare earth market has witnessed a sharp rise. The rising period has been maintained until about June 20, but then it has witnessed a sharp decline. The domestic rare earth market has shown an “inverted V” trend. According to the index of the rare earth sector of business associations, from early May to mid-June, the rare earth index rose from 330 to 412, but the resulting sharp decline, the index fell to 374 points, and the recent price of rare earth market has been falling.

Since the beginning of May, Myanmar has restricted the export of rare earths, dramatically reduced the supply of heavy rare earths in the domestic market, substantially increased the affected price of rare earths in China, and increased the price of heavy rare earths by about 40%. At the same time, the affected price of light rare earths in the domestic market has risen by as much as 40%. However, in June, the affected price of light rare earths in Myanmar has risen by as much as 40%. Since the latter ten days, the domestic rare earth market prices have fallen sharply. The domestic light rare earth market has fallen by a large margin of about 20%, but the heavy rare earth market has also fallen correspondingly. The price of dysprosium and terbium system has fallen by about 8%. Recently, domestic magnetic materials enterprises have entered the off-season of demand. In the short term, the demand for rare earth has not improved, and is affected by some manufacturers. The impact of low-price selling, domestic rare earth market prices continue to fall.

Recently, the price of light rare earth in rare earth market has dropped sharply. The price of heavy rare earth in rare earth market has declined slightly. The market trend of praseodymium and neodymium series products has been declining continuously. The supply of light rare earth is normal. The demand of light rare earth is not good in the near future, and the market price has declined. 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 strict environmental protection inspection, manufacturers control sales reasonably, but recent downstream demand has entered the off-season, some enterprises sell at low prices, and the market price of light rare earth has been declining. However, the supply of heavy rare earth market is still tense. Recently, large enterprise groups on the market are reluctant to sell. The market trend of heavy rare earth market is slightly lower, but the 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 is poor.

Rare earth analysts of business associations expect that the domestic environmental protection inspection will not decrease in the near future, and the domestic order of the rare earth industry will be rectified. Recently, the rare earth market is in the off-season of demand, and the demand for rare earth products is limited. It is expected that the domestic rare earth market will still be in a downward trend in the short term.