China’s domestic rare earth market prices fell in April

In April, the price of rare earth in the domestic market fell. Recently, the downstream demand decreased, and the market price of rare earth decreased slightly. According to the business society rare earth sector index, on April 29, the rare earth index was 330 points, unchanged from yesterday, down 67.00% from 1000 points (2011-12-06), the highest point in the cycle, and up 21.77% from 271, the lowest point on September 13, 2015. (Note: cycle refers to 2011-12-01 to now).

As of the end of the month, the average price of Neodymium in rare earth metals in China was 353500 yuan / ton, with a decline of 3.81% and a year-on-year increase of 4.74%; the average price of dysprosium was 2325000 yuan / ton, with a stable price trend this week, with a year-on-year increase of 29.53%; the average price of praseodymium was 635000 yuan / ton, with a decline of 0.78% and a year-on-year decrease of 7.97%. In rare earth oxides, the average price of praseodymium neodymium oxide is 263500 yuan / ton, a decrease of 1.31%, which is flat on a year-on-year basis; the price of dysprosium oxide is 1785000 yuan / ton, a decrease of 0.56%, which is 20.20% higher on a year-on-year basis; the average price of praseodymium oxide is 305000 yuan / ton, which is 1.61% lower on a year-on-year basis, which is 14.08% lower on a year-on-year basis; the average price of neodymium oxide is 279000 yuan / ton, which is 2.96% lower on a year-. The price of praseodymium neodymium alloy is 330500 yuan / ton, down 1.93%, down 2.79% year on year; the average price of dysprosium ferroalloy is 1775000 yuan / ton, down 1.11%, up 19.53% year on year.

In April, the price of domestic rare earth market fell, and the price trend of medium heavy rare earth dropped slightly. The supply of domestic heavy rare earth market was normal, and the import source of heavy rare earth was tight. Myanmar unilaterally closed the customs clearance port, but the domestic manufacturers started work normally, the domestic supply was sufficient, and the price trend of domestic heavy rare earth dropped slightly. In recent years, the demand for permanent magnet is general, coupled with the recent downturn in the new energy automobile industry, the market demand for rare earth is limited, the market trend of praseodymium and neodymium series products is mainly low, the on-site supply is normal, the recent demand for light rare earth is general, 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 manufacturers reasonably control the sales, but in the near future, the downstream demand is low, and the price trend of domestic rare earth market is declining.

Ministry of industry and information technology and other documents said that by 2025, new energy vehicle sales accounted 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 implementation of preferential enterprise policies for rare earth industry, which said 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 the application of rare earth enterprises and form the collection of relevant supporting policies for the resumption of production in rare earth industry. 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.

Rare earth analysts of the business agency expect that in the near future, the intensity of strict environmental protection inspection in China will not decrease, but the domestic market demand for rare earth is not good in the near future, and the supply and demand pattern is normal, but the market price of light rare earth is at a low level in the near future, and the market price trend of rare earth is expected to maintain a low level.