According to the monitoring of the business agency, the price index of the domestic rare earth market fell slightly. Recently, the rare earth market fell slightly. Recently, the price of some domestic praseodymium neodymium series fell, and the price of the heavy rare earth market fell slightly. On March 6, the rare earth index was 1004 points, unchanged from yesterday, down 0.30% from the highest point of 1007 points in the cycle (2022-02-24), It is 270.48% higher than the lowest point 271 on September 13, 2015. (Note: the period refers to the period from December 1, 2011 to now).
Recently, the market price of light rare earth in China has decreased slightly, and the price of praseodymium and neodymium in the mainstream rare earth market is mainly stable. In terms of products:
It can be clearly seen from the product price trend chart that the price trend of domestic neodymium oxide, praseodymium neodymium alloy and praseodymium neodymium oxide decreased slightly, and the price trend of praseodymium oxide, metal praseodymium and metal neodymium was temporarily stable. As of the 7th, the price of neodymium oxide in rare earths in China was 1.21 million yuan / ton, down 0.82% this week; The price of neodymium is 1.485 million yuan / ton, which is temporarily stable this week; The price of praseodymium oxide is 1.09 million yuan / ton, and the price trend is temporarily stable this week; The price of praseodymium neodymium oxide was 1.1 million yuan / ton, down 0.45% this week; The price of praseodymium neodymium alloy was 1.36 million yuan / ton, with a decline of 0.18% this week; The price of metal praseodymium is 1.39 million yuan / ton. The price trend is flat this week, and the trend of domestic rare earth market falls slightly.
The domestic rare earth market price was slightly corrected, the on-site supply gap remained, the metal plant started normally and the demand remained stable, but the downstream manufacturers did not actively purchase, resulting in a slight drop in the market price. Recently, some separation enterprises have started gradually, so the contradiction between supply and demand has been alleviated slightly, the price trend in the field is stable, the downstream demand is strong, and the supply and demand gap in the rare earth field still exists. There is a game between upstream and downstream, the mainstream price of rare earth is stable as a whole, and the market is in a strong wait-and-see mood. The rapid development of the new energy industry has driven the development of many industries. The upstream material rare earth permanent magnet has also caught the “express”. In addition, the sales of new energy vehicles are normal, the demand for rare earth is at a high level, and the price of rare earth oxide is at a high level. Recently, the wait-and-see mood in the downstream has increased, and the price trend in the venue has been stable and slightly lower.
The national environmental protection supervision is still continuing, and the traditional peak season of rare earth demand has come to an end. However, the launch of relevant policies of the rare earth industry in the venue is expected, the supply and demand is expected to resonate with the policy, and the rare earth market continues to be high. In addition, the inventory of neodymium praseodymium oxide has been at a low level, the reluctance to sell and wait-and-see mood still exists, and the venue price remains high. According to statistics, the demand for new energy vehicles has increased. According to the data released by China Automobile Industry Association, in January 2022, China’s automobile production and sales reached 2.422 million and 2.531 million respectively, with a month on month decrease of 16.7% and 9.2% respectively, and a year-on-year increase of 1.4% and 0.9% respectively. The automobile production and sales showed a steady and small growth. Driven by the dual drive of market and policy, the demand market for vehicle specification semiconductors broke out in an all-round way, Recently, there is a high demand in the field of new energy, and the domestic light rare earth market demand has been supported to a certain extent. Affected by the inactive purchase, the domestic heavy rare earth market price fell slightly.
As can be seen from the trend chart, the price of domestic dysprosium series decreased slightly. As of the 7th, the price of dysprosium oxide was 3.1 million yuan / ton, which fell by 1.12% this week. The price of dysprosium ferroalloy was 3.095 million yuan / ton, which fell by 1.12%. The price of metal dysprosium was 3.985 million yuan / ton. The price of domestic terbium series was temporarily stable this week, the price of domestic terbium series was temporarily stable, the price of domestic terbium oxide was 15.15 million yuan / ton, and the price of metal terbium was 19.2 million yuan / ton. The price trend of heavy rare earth dropped slightly, the transaction market of domestic rare earth market was ok, and the procurement of leading magnetic material factory was general, which cooled the domestic heavy rare earth market slightly. Recently, some separation enterprises in the areas where medium and heavy rare earth mines are used, such as Jiangxi, Hunan, Guangdong and Guangxi, have restarted, and the supply has been alleviated to some extent, but the export of Myanmar is limited, The global supply of rare earths is relatively concentrated, and Myanmar is one of the production areas second only to China and the United States. Myanmar has a great impact on the products in the domestic heavy rare earth market. Recently, the on-site procurement is not active, and the on-site heavy rare earth price trend has declined slightly.
In addition, with the support of national policies, the first batch of Rare Earth total amount control indicators in 2022 meet the expectations, and the industry pattern continues to be optimized. On the 28th, the Ministry of industry and information technology and the Ministry of natural resources issued the first batch of Rare Earth total amount control indicators in 2022, of which the ore indicators and smelting separation indicators were 100800 tons and 97200 tons respectively. The increase of the index is in line with expectations, and the state is still relatively restrained in releasing the rare earth supply index. The first batch of ore indicators / smelting separation indicators in 2022 are + 20% year-on-year, and the growth rate is lower than that of the first batch in 2021 (year-on-year + 27.3% / 27.6%). It is expected that the overall supply and demand of rare earth will remain tight in 22 years. The index increment is still focused on light rare earths. Among the mining indicators in 2022, the rock ore type rare earth (mainly light rare earth) is 89310 tons, with a year-on-year increase of + 23.2%, and the ionic rare earth is 11490 tons, with a year-on-year balance. It is expected that the increment will be concentrated in light rare earth, which will be a long-term trend. The rise of foreign demand has led to the rise of domestic rare earth market. On the whole, the demand for rare earth products has increased, and the price of domestic rare earth market has remained high.
With the sustainable development of new energy vehicles, wind power and variable frequency air conditioning in the downstream of rare earth, the demand continues. In addition, the domestic rare earth supply is still tight. Recently, the on-site transaction market has fallen, and the later supply enterprises will continue to restart. Chen Ling, an analyst of business society, predicts that the market price of rare earth may fall slightly in the later stage.