On February 24, the rare earth index was 341, down 1 point from yesterday, 65.90% from the highest point in the cycle, 1000 (2011-12-06), and 25.83% higher than the lowest point, 271, on September 13, 2015. (Note: cycle refers to 2011-12-01 to now).

The average price of neodymium, dysprosium and praseodymium is 372500 yuan / ton, 2325000 yuan / ton and 645000 yuan / ton respectively. The average price of praseodymium neodymium oxide in rare earth oxide is 282500 yuan / ton; the price of dysprosium oxide is increased by 10000 yuan / ton to 1815000 yuan / ton; the average price of praseodymium oxide is 320000 yuan / ton; the average price of neodymium oxide is 292500 yuan / ton. The price of praseodymium neodymium alloy in rare earth alloy is 358000 yuan / ton; the average price of dysprosium ferroalloy rises 15000 yuan / ton to 1790000 yuan / ton.

The price trend of heavy and rare earth in the rare earth market is rising, and people in the market are optimistic about the future market. Myanmar unilaterally closed the customs clearance port, reducing domestic imports. In addition, due to the impact of the epidemic in the near future, some rare earth products have not been fully restored to work. The price supply of heavy and rare earth in China is tight, and the price trend of heavy and rare earth in China is rising. However, the light rare earth mining index increased more than before, the market price of light rare earth declined, the on-site merchants had a strong wait-and-see attitude, and the high price transaction was blocked. The price fluctuation of rare earth market is related to the national environmental protection supervision. Rare earth production has particularity, especially some products have radiation hazards, which makes the environmental protection supervision more strict. Under the strict inspection of environmental protection, the manufacturers reasonably controlled the sales. In addition, affected by the epidemic situation, some enterprises have not yet started construction, but the demand in the downstream has not changed much in the near future, and most rare earth prices are stable.

According to the Ministry of industry and information technology and other documents, by 2025, the sales of new energy vehicles will account for about 25%. Global electrification is stepping into the acceleration period of high-quality models at the supply side. China’s double point policy and European carbon emission requirements have established a long-term development mechanism for new energy vehicles. Driven by national policies, the supply and demand pattern of rare earth industry is expected to further improve, domestic demand in China has improved, and the price of heavy rare earth in domestic rare earth market remains high.

Rare earth analysts of the business agency expect that in the near future, the intensity of strict environmental inspection in China will not be reduced. In addition, Myanmar’s import is blocked, the supply and demand pattern is improving in a better way, and the transportation is still restricted in the near future, and the market price of rare earth is expected to continue to rise.