In September, the domestic rare earth market showed a “reverse V” trend. In early September, the price of the rare earth market continued to rise, but began to decline gradually in mid-September. Influenced by domestic policy and Sino-US trade war, the domestic rare earth market first rose and then fell. According to the Shangshu Rare Earth Index, the Rare Earth Index on September 29 was 375 points, unchanged from yesterday, down 62.50% from the cyclical peak of 1000 points (2011-12-06), and up 38.38% from the lowest point of 271 on September 13, 2015. (Note: Period refers to 2011-12-01 to date).
As of September 30, the average price of neodymium, dysprosium and praseodymium in rare earth metals in China was 4.075 million yuan/ton, 2.325 million yuan/ton and 6.95 million yuan/ton respectively. The average price of praseodymium and neodymium oxide in rare earth oxides is 317,500 yuan/ton; dysprosium oxide is 1.865 million yuan/ton; praseodymium oxide is 382,500 yuan/ton; and neodymium oxide is 319,500 yuan/ton. The price of praseodymium and neodymium alloys in rare earth alloys is 4.075 million yuan per ton, and the average price of dysprosium and iron alloys is 1.865 million yuan per ton.
After mid September, the price trend of dysprosium and terbium in the heavy rare earth declined slightly, the customs had cleared customs, the domestic heavy rare earth market supply pattern changed, the domestic supply increased, and the domestic demand was limited, and domestic prices dropped slightly.
Since September, the price of rare earth on-site light rare earth has changed frequently. The price of praseodymium and neodymium products has risen in early September. The price of neodymium oxide and neodymium oxide has risen first. However, the downstream demand for light rare earth has not improved significantly. A small number of downstream merchants replenish their products on demand. The actual transaction price is still at a low level, and the on-site wait-and-see sentiment is strong. In mid-September, the market price of light rare earth has fallen one after another. The price fell back to the beginning of September. 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. Metal enterprises and downstream magnetic materials enterprises are still weak in buying after the holiday because of the surplus of pre-holiday purchasing, and the price of rare earth has declined compared with the earlier period. They are in a strong wait-and-see mood. Under strict environmental protection inspection, rare earth separating enterprises in many provinces have stopped production, resulting in a general market of rare earth oxides, especially some mainstream rare earth oxides, which are in normal supply, and the price trend of rare earth market is temporarily stable in the near future. Large enterprise groups in the field are reluctant to sell. The rare earth market is generally on the market, and the turnover has not changed much.
In recent years, the State Environmental Protection Department has been conducting a thorough investigation, and strengthening the supervision of the rare earth industry has greatly affected the rare earth industry. The commencement of the rare earth industry is relatively low, and the market is deserted. This will bring some positive support to the rare earth market. Recently, the State Council inspection team went to the supervision of rare earth enterprises in the province. The inspection closely focused on the major deployment of the Party Central Committee and the State Council, highlighting key and difficult issues in the field of economic operation and reform and development, focusing on the strong points and pain points of the masses and the market participants. In addition, the Development and Reform Commission and the relevant departments should take effective measures to improve the management mechanism, strengthen the industrial restructuring and standardization, speed up the construction of a rational industrial structure, advanced scientific and technological level, effective protection of resources, orderly production and operation of the industry development pattern, effectively play the special value of rare earth as a strategic resource, and shrink the supply of raw mineral resources in the upstream of the rare earth industry. Domestic stakeholders are waiting for good news from the policy and the reserve.
Rare earth analysts of business associations expect that the domestic environmental protection checks will not be reduced in the near future, and the domestic industry will rectify the order of the rare earth industry, and the supply of rare earth industries will be maintained at a low level. However, the demand for rare earths in the near future has not improved. It is estimated that some of the price of the rare earth market will remain low.