In June, Chinese light rare earth market prices have increased to varying degrees. The prices of praseodymium neodymium oxide and praseodymium neodymium alloy have continued to rise, the light rare earth market has picked up, and the prices of domestic heavy rare earths have fluctuated at a high level. According to SunSirs rare earth sector index, the rare earth index on June 29 was 346 points, which was the same as June 28 and a 65.40% decrease from the highest point in the cycle (2011-12-06), which was lower than the lowest point on September 13, 2015. 271 points rose 27.68%. (Note: Period refers to 2011-12-01 to present).

As of the end of the month, the price of praseodymium neodymium oxide in domestic rare earth was 292,000 yuan/ton, an increase of 7.75% from the beginning of the month price of 271,000 yuan/ton; the price of praseodymium and neodymium alloy was 368,000 yuan/ton, an increase of 8.71% compared with the beginning price of 338,500 yuan/ton; the price of neodymium oxide is 302,000 yuan/ton, an increase of 7.86% in June; the price of neodymium metal is 382,000 yuan/ton, an increase of 7.76% in June, and the prices of rare earths such as praseodymium oxide and metal praseodymium have increased to varying degrees .

In the recent Chinese light rare earth industry, driven by the positive promotion of the construction of new infrastructure projects across the country, the prices of rare earths have continued to rise, and the holdings of merchants on the floor have a bullish mentality. The merchants are reluctant to sell. As the demand for permanent magnet manufacturers increased, the prices of praseodymium and neodymium rare earths rose, and the prices of light rare earths remained at a low level. In addition, due to the impact of the epidemic, overseas rare earth ore imports have fallen sharply, and waste recycling and monazite raw materials have decreased, resulting in a decline in domestic rare earth smelting output. The recovery of the domestic economy has led to the recovery of downstream demand for rare earths, supporting rare earth prices, and the domestic light rare earth market prices have continued to rise.

In June, the price of domestic heirloom did not change much. As of the end of the month, the price of dysprosium oxide was 1.92 million yuan/ton, which was 1.03% lower than the price of 1.94 million yuan/ton at the beginning of the month. The price of dysprosium ferroalloy was 1.89 million yuan/ton, and the decline was 0.53% in June. In the domestic rare earths storage and storage plan, medium and heavy rare earths account for a large proportion of annual output, which is expected to have a greater impact on the supply and demand and prices of medium and heavy rare earths. Considering that the current Myanmar customs closure still has a tight impact on the domestic supply of medium and heavy rare earth imports, once The implementation of the purchasing and storage plan as scheduled will have a greater impact on the tight supply and demand of heavy rare earth dysprosium and terbium, as well as price increases. In the recent market, the prices of heavy rare earths have remained at a high level. In addition, with the resumption of production and the recovery of the terminal new energy vehicle market, the domestic terbium rare earth supply is very tight, and the domestic terbium rare earth prices continue to rise.

The Ministry of Industry and Information Technology issued the "Notice on Doing a Good Job in Implementing the Policy of Benefiting Enterprises in the Rare Earth Industry", saying that the Rare Earth Office entrusted the China Nonferrous Metals Industry Association and China Rare Earth Industry Association to sort out and summarize the policy documents suitable for the declaration of rare earth companies, forming Compilation of Related Support Policies. The policy is favorable to support the development of the rare earth industry. At the same time, Sino-US relations are somewhat loosened. The key products of rare earth Sino-US trade are of great significance. The national policy is conducive to the balance between supply and demand in the rare earth industry. The supply of the rare earth market has been normal recently, the demand has improved, and the prices of the light rare earth market have continued to rise.

Recently, the domestic demand for rare earth has risen compared with the previous, and the supply of the rare earth market is still tight. SunSirs analysts expect that the price of the rare earth market will continue to rise in the later period.

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