This week, the price trend of some domestic rare earth market declined, heavy rare earth price fell back, light rare earth market price trend temporarily stabilized. According to the rare earth plate index of business society, the rare earth index on October 16 was 357 points, which was the same as yesterday, 64.30% lower than the highest point of 1000 points (2011-12-06) and 31.73% higher than 271 point, the lowest point on September 13, 2015. (Note: period refers to 2011-12-01 to now).

As of the end of the week, the price of praseodymium and neodymium oxide in domestic rare earth was 322000 yuan / ton, which was equal to 322000 yuan / ton at the beginning of the week; the price of praseodymium and neodymium alloy was 409000 yuan / ton, which was flat with 409000 yuan / ton at the beginning of the week; the price of neodymium oxide was 347000 yuan / ton, which was equal to 347000 yuan / ton at the beginning of the week; the price of metal neodymium was 433000 yuan / ton, which was stable this week, and the price of praseodymium oxide was 322500 yuan / ton, This week the price trend is stable; the metal praseodymium price trend is stable this week.

In recent years, the domestic light rare earth industry is mainly due to the negative downstream procurement, strong wait-and-see attitude, reduced trading volume, loss of support for manufacturers’ prices, some prices in the light rare earth market remain at a low level, and the price trend of other products is mainly stable. Recently, the demand and stock situation of permanent magnet manufacturers is general, the price of praseodymium and neodymium rare earth is low, and the market price of light rare earth is still at a low level 。 In addition, due to the impact of the epidemic situation on rare earth production and export, overseas demand has not improved, and the domestic market price of light rare earth has remained low in recent years.

This week, the price trend of domestic direct family declined slightly. As of the end of the week, the price of dysprosium oxide was 1.63 million yuan / ton, which was 0.31% lower this week; the price of dysprosium ferroalloy was 1.62 million yuan / ton, which was 1.62% lower this week. Although the proportion of medium and heavy rare earth in the domestic rare earth collection and storage plan is relatively large, it is expected to have a great impact on the supply and demand and price of medium and heavy rare earth, but the information of collection and storage is not accurate At present, Myanmar’s customs clearance still has a tightening impact on the domestic import and supply of medium and heavy rare earths. However, the downstream demand is not positive in recent years, and the market price of heavy rare earth continues to fall. In recent years, the market is general, heavy rare earth prices remain high, downstream demand has not significantly improved, heavy rare earth market prices slightly lower.

The Ministry of industry and information technology issued the notice on the docking and implementation of preferential policies for rare earth industry. According to the notice, 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 formed a collection of supporting policies for the resumption of work and production of rare earth industry. Favorable policies support the development of rare earth industry. Meanwhile, Sino US relations are tense. Key products of rare earth trade between China and the United States are of great significance. The national policy is conducive to the balance of supply and demand in the rare earth industry. Recently, the supply of rare earth market is normal, and the demand has declined compared with the previous period. The price of domestic rare earth parts fell this week.

Recently, the domestic demand for rare earths has fallen down compared with the previous period. In addition, the downstream purchasing is not active and the wait-and-see attitude is strong. Analysts of business agency expect that the market price of rare earth will continue to decline in the future.