SunSirs: On August 18, the Domestic Rare Earth Market Price Index Fell Sharply

Price trend

On August 18, the rare earth index was 685 points, down 12 points from previous day, down 31.98% from the highest point of 1,007 points in the cycle (2022-02-24), and up 152.77% points from the lowest point of 271 points on September 13, 2015. (Note: The cycle refers to 2011-12-01 to the present)

Analysis review

The domestic rare earth index fell sharply, and the domestic light rare earth praseodymium and neodymium prices fell. The price of praseodymium neodymium metal fell by 20,000 RMB/ton to 875,000 RMB/ton, the price of praseodymium and neodymium oxide fell by 20,000 RMB/ton to 717,500 RMB/ton, the price of neodymium oxide fell by 15,000 RMB/ton to 757,500 RMB/ton , the price of metal neodymium fell by 10,000 RMB/ton to 955,000 RMB/ton, the price of metal praseodymium fell by 30,000 RMB/ton to 1.035 million RMB/ton, the price of praseodymium oxide fell by 20,000 RMB/ton to 765,000 RMB/ton, the price of terbium oxide fell by 50,000 RMB/ton to 13.6 million RMB/ton, the price of metal terbium fell by 100,000 RMB/ton to 17.3 million RMB/ton, the price of dysprosium oxide fell by 10,000 RMB/ton to 2.26 million RMB/ton, the metal dysprosium price fell by 20,000 RMB/ton to 3 million RMB/ton, and the price of dysprosium ferroalloy fell by 15,000 RMB/ton to 2.235 million RMB/ton.

The domestic light rare earth market prices declined, traders were generally active, and metal factories were cautious and just followed up on demand. In the domestic heavy rare earth market, the price of dysprosium series declined, and the price of terbium series fell slightly. The downstream purchases were mainly on demand, and Myanmar banned exports.

Market outlook

It is expected that the domestic rare earth market may continue to decline in the later period.

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