Recently, the price of light rare earth in China has fallen sharply. The price trend of some rare earth products is shown as follows:
Since late June, the domestic market price of light rare earth has fallen sharply. The price of neodymium oxide has dropped from 380000 yuan/ton to 304500 yuan/ton, with an overall decline of 19.87%. The price of neodymium oxide has dropped sharply from 377500 yuan/ton to 302 500 yuan/ton, with a drop of 19.8%. The price of neodymium metal has dropped by 16.84% from 484000 yuan/ton to 402500 yuan./ The price of Praseodymium and Neodymium alloy dropped from 484,000 yuan/ton to 402,500 yuan/ton, a drop of 16.84%. Recently, the domestic heavy rare earth price is relatively strong, but the market price of light rare earth has fallen sharply. Recently, the domestic magnetic material enterprises have entered the off-season of demand. In the short term, the demand for light rare earth has not improved. Influenced by the low price selling of some manufacturers, the market price of light rare earth has fallen continuously, but the market of heavy rare earth is affected by supply and demand. Prices are stronger.
According to monitoring, the rare earth index on July 22 was 377 points, which was the same as yesterday. It was 62.30% lower than the cyclical peak of 1000 points (2011-12-06), and 39.11% higher than the lowest point of 271 on September 13, 2015. (Note: Period refers to 2011-12-01 to date).
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Recently, the price of light rare earth in rare earth field has declined, the price of heavy rare earth in rare earth market has been stable, the price of praseodymium and neodymium series products has been declining continuously, the supply of light rare earth is normal, the demand of light rare earth is not good in the near future, and the market price has declined. 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. Under strict environmental protection inspection, manufacturers control sales reasonably, but recent downstream demand has entered the off-season, some enterprises sell at low prices, and the market price of light rare earth has been declining. However, the supply of heavy rare earth market is still tense. Recently, large enterprise groups on the market are reluctant to sell. The market of heavy rare earth is strong, but the major manufacturers are cautious about the pricing of products.
Recently, the State Environmental Protection Department has made no reduction in its stringent efforts, which has a greater impact on the rare earth industry. The rare earth industry has a low start-up and a cold market. At the recent press conference on macroeconomic operation held by the Development and Reform Commission, Meng Wei, spokesman of the National Development and Reform Commission (NDRC), answering reporters’questions on rare earth, said that on the basis of in-depth investigation and scientific demonstration, relevant policies and measures would be put forward to give full play to the special value of rare earth as a strategic resource. Due to the increasingly obvious regulatory effect, the supply of raw ore resources in the upstream of the rare earth industry has shrunk, and the trading market of the rare earth industry is poor.
Rare earth analysts of business associations expect that the domestic environmental protection will not be reduced in the near future. In addition, the domestic order of the rare earth industry will be rectified. Myanmar restricts exports and reduces supply. However, the demand for light rare earth market will not improve in the near future. It is expected that the price of light rare earth will continue to decline, and the price trend of medium and heavy rare earth market will continue to decline. Stronger.