According to the monitoring of the business society, the price index of the domestic rare earth market remained weak. The price of PR nd series rare earths in the domestic market declined slightly, while the price of heavy rare earths declined. The domestic rare earth market was no longer prosperous. According to the rare earth plate index of the business society, the rare earth index was 474 points on June 15, which was the same as yesterday, and decreased by 52.60% compared with the highest 1000 points in the cycle (2011-12-06), Compared with the lowest point 271 on September 13, 2015, it has increased by 74.91%（ Note: period refers to the period from December 1, 2011 to now).

It can be clearly seen from the rare earth index chart that the domestic rare earth prices have declined slightly, and the prices of the mainstream commodities in the rare earth market have been correspondingly lower recently, and the rare earth market is weak and difficult to change. In terms of products:

It can be clearly seen from the product price trend chart that the prices of domestic mainstream products such as neodymium oxide, metal neodymium, praseodymium neodymium oxide, praseodymium neodymium alloy and metal praseodymium are low. As of June 16, the price of neodymium oxide in domestic rare earths was 480500 yuan / ton, down 4.38% compared with the price at the beginning of the month; The price of metal neodymium was 607500 yuan / ton, 1.62% lower than that at the beginning of the month; The price of praseodymium neodymium oxide was 470000 yuan / ton, 3.39% lower than that at the beginning of the month; The price of PR nd alloy was 580000 yuan / ton, 2.93% lower than that at the beginning of the month; The price of praseodymium was 635000 yuan / ton, 3.05% lower than that at the beginning of the month, and the domestic market trend of light rare earth fell slightly.

The domestic rare earth market is weak and difficult to change. According to the feedback of some enterprises, the overall transaction situation is not good, and the downstream permanent magnet manufacturers are not active in purchasing. However, in the early stage, the manufacturers are active in preparing goods, and the inventory in the yard increases, which leads to the general low enthusiasm of the downstream replenishment. In this case, the prices of mainstream rare earth products have declined. Sales of new energy vehicles have slowed down and the rare earth industry has been affected. The main rare earth raw materials of high performance NdFeB are light rare earth praseodymium neodymium oxide, heavy rare earth dysprosium oxide and terbium oxide, which are used in new energy vehicles, wind power, energy-saving frequency conversion air conditioning, traditional vehicles and other fields. According to statistics, the sales of new energy vehicles are still good. According to the data released by China Automobile Industry Association, in May 2021, the sales volume of the automobile industry is expected to reach 2.224 million units, a month on month decrease of 2.1% and a year-on-year increase of 0.5%; From January to may, the cumulative sales volume of the automobile industry is estimated to be 10.951 million, a year-on-year increase of 37.6%. The downstream purchasing is not active, the psychology of resisting high price is serious, the market price of light rare earth is falling, and the market price of heavy rare earth is falling correspondingly.

From the trend chart, it can be seen that the price trend of dysprosium Series in China declined slightly. As of the 16th, the price of dysprosium oxide was 2.315 million yuan / ton, which was 7.4% lower than that at the beginning of the month; The price of dysprosium ferroalloy was 2.285 million yuan / ton, 6.92% lower than that at the beginning of the month. The price of dysprosium metal was 3.125 million yuan / ton, 4.58% lower than that at the beginning of June; The domestic price of terbium series continued to fall, with the domestic price of terbium oxide at 6.3 million yuan / ton and that of metal terbium at 8.05 million yuan / ton. There are few transactions in the domestic rare earth market. The upper, middle and lower reaches of the market are mainly on the lookout. Traders tend to buy at a low price, and the market price of heavy rare earth keeps falling. However, Myanmar’s political situation is unstable, and the global supply of rare earth is relatively concentrated. Myanmar is one of the production areas second only to China and the United States. Myanmar has a great influence on the domestic heavy rare earth market products. The import source has decreased significantly. The supply of heavy rare earth market is general, but the downstream resistance is more serious, and the market price trend has declined slightly.

Recently, the “notice on industrial energy conservation supervision in 2021″ stressed that enterprises in key industries such as iron and steel, non-ferrous metal smelting, petrochemical and chemical industry, building materials and so on should be comprehensively investigated, and special supervision on the implementation of mandatory energy consumption quota standards per unit product should be carried out, so as to finally achieve full coverage of energy conservation supervision of enterprises in key industries during the “14th five year plan”. Industry insiders believe that this reflects the strengthening of government control over the rare earth industry, which is conducive to the healthy development of the industry. Since 2021, the market of rare earth products has been objective, but the lower reaches of the business purchase significantly, resulting in the market price continued to decline.

In 2021, the first batch of rare earth mining, smelting and separation total amount control indicators increased significantly, which was related to the strong downstream demand. The Ministry of natural resources issued the total amount control indicators of rare earth mining in 2021. In 2021, the total amount control indicators of the first batch of rare earth mines (rare earth oxide REO, the same below) in China were 84000 tons, including 11490 tons of ionic (mainly medium and heavy rare earth) rare earth mines, The index of rock ore type (light) rare earth ore is 72510 tons. The first batch of tungsten concentrate (tungsten trioxide content 65%, the same below) has a total mining control index of 63000 tons, of which the main mining index is 46890 tons and the comprehensive utilization index is 16110 tons. In 2021, the total amount of rare earth and tungsten mines will continue to be controlled, and the national policy is favorable. However, the demand for rare earth and tungsten mines is poor, the accumulation of reserves is serious, and the trend of some products in the rare earth market will decline sharply.

With the sustainable development of new energy vehicles, wind power and variable frequency air conditioning in the downstream of rare earth, the demand is general, but the domestic rare earth supply starts normally. In addition, the recent on-site transaction is not good, and the purchase is not active. Business analyst Chen Ling predicts that the market price of rare earth in the later period may continue to decline slightly in the short term.