Since August, the price trend of domestic rare earth market has continued to rise. The price of domestic light rare earth praseodymium and neodymium series has increased greatly. The price of holmium and terbium in medium and heavy rare earth market has been rising. According to the rare earth plate index of business society, the rare earth index on August 6 was 353 points, 3 points higher than yesterday, and 64.7 points lower than the highest point of 1000 points in the cycle (2011-12-06) 0%, up 30.26% from 271, 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 China was 318500 yuan / ton, up 7.42% from 296500 yuan / ton at the beginning of the week; the price of praseodymium and neodymium alloy was 398500 yuan / ton, 5.98% higher than 376000 yuan / ton at the beginning of the week; the price of neodymium oxide was 336500 yuan / ton, 6.83% higher than that of 315000 yuan / ton at the beginning of the week; the price of metal neodymium was 417500 yuan / ton, 4.38% higher than that of 400000 yuan / ton at the beginning of the week The market price of light rare earth has risen sharply.

In recent years, the price of PR and nd Series in domestic light rare earth has continued to rise. At present, the industry is full of confidence in the promotion of national rare earth storage, and the willingness of large factories to store up goods is stronger, which will continue to promote the price of medium and heavy rare earth. It is worth mentioning that at present, the price of light rare earth is also supported by the expected warming of light rare earth included in the scope of collection and storage. On the other hand, in recent years, downstream inquiries have increased, major light rare earth manufacturers are reluctant to sell, downstream feel the change of market sentiment, and speed up the inquiry and procurement cycle. In August, the prices of rare earths in the domestic market have been rising, and the prices of light rare earth manufacturers have been rising.

This week, the price trend of domestic legitimate family rose slightly. As of the end of the week, the price of dysprosium oxide was 1.865 million yuan / ton, which was 0.54% higher this week. The price of dysprosium ferroalloy was 1.84 million yuan / ton. In the domestic rare earth collection and storage plan, the proportion of medium and heavy rare earth in the annual output was relatively large, which was expected to have a great impact on the supply and demand and price of medium and heavy rare earth. In addition, Myanmar’s customs clearance is still on the domestic import and supply of medium and heavy rare earth As a result, the price of some medium and heavy rare earths has also been pushed up by changes in fundamentals. For example, the supply of terbium is relatively tight this year, and the manufacturers’ production is not continuous. The price of terbium oxide and metal terbium has reached the high level of nearly seven years. Recently, the stock market has improved, and the domestic market price of medium and heavy rare earth has increased slightly.

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 improved, and the domestic rare earth market is rising.

In recent years, domestic demand for rare earth has increased compared with that before. In addition, dysprosium oxide and terbium oxide account for 52% and 190% of the output in 2019 respectively in the remaining amount of rare earth reserves in the 13th Five Year Plan period. Once the purchase and storage are carried out as scheduled, the domestic rare earth market price may continue to rise.