The Rare Earth Index (REI) was 346 points on Jan. 8, unchanged from yesterday, down 65.40% from its cyclical peak of 1000 points (2011-12-06) and 27.68% from its lowest point of 271 on September 13, 2015. (Note: Period refers to 2011-12-01 to date).
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The average price of neodymium, dysprosium and praseodymium in rare earth metals is 399.5 million yuan/ton, 1.655 million yuan/ton and 660,000 yuan/ton respectively. The average price of praseodymium and neodymium oxide in rare earth oxides is 315,500 yuan/ton; dysprosium oxide is 1.21 million yuan/ton; praseodymium oxide is 397,500 yuan/ton; and neodymium oxide is 313,000 yuan/ton. The price of praseodymium and neodymium alloys in rare earth alloys is 405,500 yuan per ton, and the average price of dysprosium and iron alloys is 1.22 million yuan per ton.
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Recently, the Ministry of Industry and Information Technology has comprehensively carried out special supervision work on the reorganization of the rare earth industry, which has led to the cold trade in the large domestic rare earth market and the low prices of some commodities in the rare earth market, mainly concentrated in neodymium oxide and neodymium oxide. 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 stringent environmental protection, rare earth separation enterprises in many provinces have stopped production, resulting in a decline in the market of rare earth oxides, making the price of rare earth products firm. Especially for some mainstream rare earth oxides, the supply is tight, and the price trend of some commodities in the rare earth market is stable. However, due to the general situation of production and marketing of some products, the price trend of Pd-Nd oxide products has increased slightly due to the favorable support given by the national policy to the market. In the near future, large enterprise groups will have limited production, rare earth market has improved, but major manufacturers are cautious about the pricing of products. In addition, the recent import of rare earth oxides has been blocked, and the port of Yunnan has banned the import of Myanmar mines, resulting in a decline in import volume, which has brought some favorable support to the rare earth market. However, due to the limited volume, the prices of some rare earth products have declined, but most of the products have temporarily stabilized.
Eight inspecting groups composed of Ministry of Industry and Information Technology, Development and Reform Commission, Ministry of Natural Resources and other ministries went to various places and launched special inspecting actions against eight provinces and regions of Inner Mongolia, Jiangxi, Jiangsu, Fujian, Hunan, Guangdong, Guangxi and Sichuan, which are the main producing areas of rare earths. Prior to this, six departments of Jiangxi Province, a major producer of rare earth, jointly issued a special action document on cracking down on rare earth blacks, and conducted special supervision from September 2018 to January 2019. 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 has been cold.
Rare earth analysts of business associations expect that the domestic environmental stringent inspection will not decrease in the near future, and the domestic reorganization of the order of the inhalation industry will have a positive impact on the rare earth industry. However, the import and export of rare earth industry will be limited in the near future. In addition, the recent cold turnover of the rare earth industry, the price trend of the rare earth market is expected to decline steadily.
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