SunSir: Poor Demand, the Rare Earth Market Significantly Declined in the First Half of the Year-I

Price trend

According to the Commodity Analysis System of SunSirs, the price trend of the domestic rare earth market in the first half of 2023 has declined. From the rare earth industry price index chart, it can be seen that the rare earth index at the beginning of the year was 664 points, and on June 30, it was 454 points. The overall decline was 210 points, and the rare earth market has significantly declined.

In the first half of 2023, the price trend of the domestic light rare earth market significantly decreased. The price of neodymium oxide at the beginning of the year was 770,000 RMB/ton, and the market price at the middle of the year was 477,500 RMB/ton, with a price drop of 37.99% in the half year; The price of neodymium metal at the beginning of the year was 952,500 RMB/ton, and the mid-year market price was 602,500 RMB/ton, with a decrease of 36.75% in half a year; The price of praseodymium neodymium oxide at the beginning of the year was 710,000 RMB/ton, and the mid-year market price was 450000 RMB/ton, with a six-month decline of 36.62%; The price of praseodymium neodymium alloy at the beginning of the year was 865000 RMB/ton, and the mid-year market price was 560,000 RMB/ton, with a half year decline of 35.26%; The price of praseodymium oxide at the beginning of the year was 695,000 RMB/ton, and the mid-year market price was 477,500 RMB/ton, with a half year decline of 31.29%; The price of metal praseodymium at the beginning of the year was 915,000 RMB/ton, and the mid-year market price was 627,500 RMB/ton, with a half year decline of 31.42%.

In the first half of 2023, the market price of heavy rare earth will decline. According to statistics, the market price of Dysprosium(III) oxide in China at the beginning of the year will be 2.5 million RMB/ton, and that in the middle of the year will be 2.225 million RMB/ton, with a decline of 11% in the half year; The price of dysprosium metal at the beginning of the year was 3.21 million RMB/ton, while the mid-year price was 2.71 million RMB/ton, with a half year decline of 15.58%; The price of dysprosium iron alloy at the beginning of the year was 2.485 million RMB/ton, and the market price at the end of the year was 2.095 million RMB/ton, with a six-month decline of 15.69%.

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