According to the monitoring of the business society, the price index of the domestic rare earth market fell, some prices in the domestic praseodymium neodymium rare earth market fell, and the legitimate prices in the heavy rare earth market fell. According to the rare earth sector index of the business society, the rare earth index was 595 points on August 19, down 2 points from yesterday and 40.50% from the highest point of 1000 points in the cycle (December 6, 2011), It is 119.56% higher than the lowest point of 271 on September 13, 2015（ Note: the period refers to the period from December 1, 2011 to now).

It can be clearly seen from the rare earth index chart that the prices of some rare earths in China have fallen recently, the prices of mainstream commodities in the rare earth market have fallen slightly recently, and the rare earth market has fallen. In terms of products:

It can be clearly seen from the product price trend chart that the price trend of domestic neodymium oxide, praseodymium oxide, praseodymium neodymium oxide and praseodymium neodymium alloy declined, and the price trend of praseodymium oxide and metal praseodymium was temporarily stable. As of August 20, the price of neodymium oxide in domestic rare earth was 615000 yuan / ton, down 1.2% this week; The price of neodymium is 765000 yuan / ton, and the price trend is temporarily stable this week; The price of praseodymium neodymium oxide was 612500 yuan / ton, down 1.76% this week; The price of praseodymium neodymium alloy was 765000 yuan / ton, down 0.65% this week; The price of metal praseodymium is 830000 yuan / ton, and the price trend is stable this week; The price of praseodymium oxide was 640000 yuan / ton, and the price trend fell by 0.78% this week. All products fell to varying degrees, and the light rare earth market fell.

The trend of products in the domestic rare earth market has declined, the supply and demand structure has not changed much, and the demand for high-end magnetic materials is normal. In the near future, China’s rare earth quota on the supply side may be steadily increased, and the supply rigidity is optimized. In addition, with the implementation of the new energy efficiency standards, the proportion of frequency conversion air conditioners in domestic household appliances, the penetration rate of Nd-Fe-B continues to increase, and the demand side is relatively normal. The sales of new energy vehicles are relatively normal, and the demand for rare earths is high. The main rare earth raw materials of high-performance Nd-Fe-B are light rare earth praseodymium and 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, China Automobile Industry Association (hereinafter referred to as “China Automobile Association”) released the latest production and sales data. In July, the domestic automobile production and sales reached 1863000 and 1864000 respectively, down 3.0% and 4.1% month on month and 15.5% and 11.9% year-on-year. Recently, the downstream demand is general, and the market price of light rare earth has dropped slightly.

As can be seen from the trend chart, the price trend of dysprosium Series in China fell slightly. As of the 20th, the price of dysprosium oxide was 2.635 million yuan / ton, and the price trend fell by 2.04% this week; The price of dysprosium ferroalloy was 2.59 million yuan / ton, the price trend decreased by 2.45%, the price of metal dysprosium was 3.42 million yuan / ton, and the price decreased by 1.44% this week. The price of domestic terbium series fell, the price of domestic terbium oxide was 8.15 million yuan / ton, and the price of metal terbium was 10.5 million yuan / ton. The transaction in the domestic rare earth market is normal, and the leading magnetic material factory is not active in purchasing, which makes the domestic heavy rare earth market price drop slightly. However, Myanmar prohibits export, and the global rare earth supply is relatively concentrated. Myanmar is one of the production areas second only to China and the United States. Myanmar has a great impact on the products in the domestic heavy rare earth market, the source of imported goods has been greatly reduced, the supply in the heavy rare earth market is general, the downstream procurement is not active recently, and the market price has dropped slightly.

The recent notice on carrying out industrial energy conservation supervision in 2021 emphasizes the comprehensive sorting and investigation of enterprises in key industries such as iron and steel, nonferrous metal smelting, petrochemical industry and building materials, and the special supervision on the implementation of mandatory energy consumption quota standards per unit product, so as to finally realize the full coverage of energy conservation supervision of enterprises in key industries during the 14th Five Year Plan period. In addition, Wang Jiangping, Vice Minister of industry and information technology, said at the video conference on industrial policies and regulations of industry and information system last week that efforts should be made to optimize the development environment of industrial enterprises, accelerate the legislation of telecommunications law, and promote the promulgation of rare earth regulations as soon as possible. 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 accelerated promulgation of the regulations on the administration of rare earth will, on the one hand, make the industry have laws to abide by and promote the rare earth industry chain to embark on the road of virtuous circle development; On the other hand, it reflects China’s determination to strictly control the supply order of rare earth and support the price of rare earth as an important strategic resource. The overall demand for rare earth products is OK, the downstream demand is normal recently, and the price of domestic rare earth market has fallen slightly.

With the sustainable development of new energy vehicles, wind power and variable frequency air conditioning downstream of rare earth, the demand continues. In addition, the domestic rare earth supply starts normally. Recently, the on-site transaction has dropped and the procurement is not active. Chen Ling, an analyst of business society, expects that the rare earth market price may decline slightly in the later stage.