The rare earth index was 331 on May 12, unchanged from yesterday, 66.90% lower than the cycle’s highest point of 1000 (2011-12-06), and 22.14% higher than the lowest point of 271 on September 13, 2015. (Note: cycle refers to 2011-12-01 to now).

The average price of neodymium, dysprosium and praseodymium is 354500 yuan / ton, 2325000 yuan / ton and 635000 yuan / ton respectively. The average price of praseodymium neodymium oxide, dysprosium oxide, praseodymium oxide, neodymium oxide and neodymium oxide rose by 2000 yuan / ton to 268500 yuan / ton, 1770000 yuan / ton, 305000 yuan / ton, 280000 yuan / ton, respectively. The price of praseodymium neodymium alloy increased by 2000 yuan / ton to 338000 yuan / ton, while the average price of dysprosium ferroalloy was 1.775 million yuan / ton.

In the rare earth market, the price trend of rare earth is mainly stable, the price of praseodymium neodymium oxide is rising slightly, the domestic heavy rare earth market supply is normal, Myanmar unilaterally closes the customs clearance port, but the domestic manufacturers start work normally, the domestic supply is normal, and the domestic heavy rare earth price trend is temporarily stable. In the near future, the demand for permanent magnet is general, the market trend of praseodymium and neodymium series products is mainly rising slightly, the on-site supply is normal, the demand for light rare earth is normal in the near future, and some market prices are mainly stable. In addition, recent foreign health events have a great impact on the export volume of rare earth products, and the price trend of rare earth market is stable. 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 controlled the sales, but in the near future, the downstream demand was normal, and some rare earth prices rose slightly.

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. The Ministry of industry and information technology issued the notice on the docking and implementation of preferential policies for rare earth enterprises, saying that the rare earth office entrusted China Nonferrous Metals Industry Association and China Rare Earth Industry Association to sort out and summarize the policy documents suitable for rare earth enterprise application, and formed the compilation of relevant supporting policies for rare earth industry resumption. All rare earth enterprises should actively connect with China Nonferrous Metals Industry Association and China Rare Earth Industry Association, obtain relevant policy information, accurately grasp the application requirements, strive for policy support, promote the smooth operation of rare earth industry chain, and jointly promote the stable and healthy development of the industry.

In the near future, the background pattern of weak downstream demand in rare earth market has not changed. The price rise of praseodymium neodymium oxide and metal is mainly due to the fact that downstream enterprises just need to purchase. Rare earth analysts of business agency expect that the price of praseodymium neodymium will face the risk of falling after the purchase is completed. The domestic heavy rare earth market supply is normal, the downstream demand is general, and the market price of heavy rare earth may remain stable.