This week, some prices in the domestic rare earth market fell slightly. In recent years, downstream demand has decreased, and some prices in the rare earth market fell slightly. According to the rare earth sector index of the business association, the rare earth index was 339 on March 26, down 3 points from yesterday, 66.10% from the highest point of 1000 in the cycle (2011-12-06), and 25.09% higher than the lowest point 271 on September 13, 2015. (Note: cycle refers to 2011-12-01 to now).

As of March 27, the average price of Neodymium in rare earth metals in China was 3725000 yuan / ton, with a decline of 0.8% this week and a year-on-year decline of 0.67%; the average price of dysprosium was 2325000 yuan / ton, with a stable price trend of 30.25% this week; the average price of praseodymium was 640000 yuan / ton, with a decline of 0.78% and a year-on-year decline of 7.25%. In rare earth oxides, the average price of praseodymium neodymium oxide is 270000 yuan / ton, down 0.74%, down 6.09% year on year; the price of dysprosium oxide is 1830000 yuan / ton, down 2.92%, up 24.49% year on year; the average price of praseodymium oxide is 310000 yuan / ton, down 3.12%, down 18.42% year on year; the average price of neodymium oxide is 289500 yuan / ton, down 0.69%, down 1.03% year on year. The price of praseodymium neodymium alloy in rare earth alloy is 340000 yuan / ton, down 1.02%, down 8.72% year on year; the average price of dysprosium ferroalloy is 1815000 yuan / ton, down 1.89% this week, up 23.47% year on year.

This week, the price trend of heavy and rare earth in the rare earth market fell, the supply of domestic heavy and rare earth market increased, and the import source of heavy and rare earth was tight. Myanmar unilaterally closed the customs clearance port, but the domestic manufacturers continued to resume work, the domestic supply increased, and the price trend of domestic heavy and rare earth dropped slightly. In the near future, permanent magnet demand is normal, market trend of praseodymium and neodymium series products is mainly low, on-site supply is normal, light rare earth demand is general in the near future, and some market prices are slightly down. The price fluctuation of rare earth market is related to the national environmental protection supervision. Rare earth production has particularity, especially some products have radiation hazards, which makes the environmental protection supervision more strict. Under the strict inspection of environmental protection, the manufacturer reasonably controls the sales, but the downstream demand has not changed much in the near future, and the price trend of most rare earths is mainly stable.

According to the Ministry of industry and information technology and other documents, by 2025, the sales of new energy vehicles will account for about 25%. Global electrification is stepping into the acceleration period of high-quality models at the supply side. China’s double point policy and European carbon emission requirements have established a long-term development mechanism for new energy vehicles. Driven by national policies, the supply and demand pattern of rare earth industry is expected to further improve, domestic demand in China has improved, and the price of heavy rare earth in domestic rare earth market remains high. Recently, the Ministry of natural resources and the Ministry of industry and information technology issued the notice on the issuance of the total amount control index (the first batch) for the exploitation of rare earth ores and tungsten ores in 2020, which specified that the total amount control index for the exploitation of the first batch of rare earth ores (rare earth oxide REO) in China is 66000 tons, and the total amount control index for the exploitation of tungsten concentrate (65% of tungsten trioxide) is 52500 tons. The national policy is conducive to the balance of supply and demand of rare earth industry. In the near future, the market supply of heavy rare earth has increased, and the market price has dropped slightly.

Rare earth analysts of business agency expect that the intensity of domestic environmental protection scrutiny will not decrease in the near future, but the demand of domestic rare earth market will decrease in the near future, and the supply and demand pattern will change. It is expected that the price of heavy rare earth in rare earth market will continue to decline, and the price trend of light rare earth market will fall.