According to the monitoring of the business community, the trend of the rare earth price index has continued to rise recently, and the market of the domestic rare earth industry has improved. On September 26, the rare earth index was 648 points, up 19 points from yesterday, down 35.65% from the peak of 1007 points (2022-02-24) in the cycle, and up 139.11% from the lowest point of 271 points on September 13, 2015. (Note: the cycle refers to the period from December 1, 2011 to the present).

It can be seen from the product price trend chart that the price trend of the domestic light rare earth market has risen. The prices of domestic metal neodymium, metal praseodymium, neodymium oxide, praseodymium oxide, praseodymium neodymium alloy and praseodymium neodymium oxide have all risen in different ways. On the 26th, the price of metal praseodymium neodymium rose by 22500 yuan/ton to 785000 yuan/ton, the price of praseodymium neodymium oxide rose by 15000 yuan/ton to 650000 yuan/ton, and the price of neodymium oxide rose by 40000 yuan/ton to 745000 yuan/ton, The price of neodymium metal rose by 15000 yuan/ton to 875000 yuan/ton, the price of praseodymium metal rose by 30000 yuan/ton to 875000 yuan/ton, and the price of praseodymium oxide rose by 20000 yuan/ton to 745000 yuan/ton. Recently, the price trend of domestic light rare earth market has risen.

The price trend of the domestic rare earth market rose. The downstream magnetic material factories continued to replenish their stocks before the National Day holiday. In addition, the rare earth industry gradually entered the peak season, and some downstream businesses started to stock up. The demand increased, and the price of rare earth market rose. Due to the impact on the production of mainstream products such as praseodymium and neodymium oxide in some epidemic areas, the supply is tight, and the market price continues to rise. Recently, the sales of downstream new energy vehicles and electric two wheeled vehicles have increased month on month, and the demand for spot purchases has risen, supporting the rise of rare earth market. Downstream demand improved, replenishment increased, traders offered actively, and the domestic light rare earth market rose.

According to statistics, the demand for new energy vehicles has improved. According to the data released by the China Association of Automobile Manufacturers, the production and sales of automobiles in China will reach 2.395 million and 2.383 million respectively in August 2022, with year-on-year growth of 38.3% and 32.1%, both higher than last month. Among them, the production and sales of new energy vehicles in August were 691000 and 666000, respectively, with a year-on-year growth of 1.2 times and 1 time, and the monthly production and sales reached a new record high. The production and sales of automobiles rose significantly, and the demand in the new energy field was still supported. The price of light rare earth in the domestic market was favorable, and the price of rare earth rose.

The heavy rare earth market trend rose. On the 26th, the price of dysprosium oxide was 2.275 million yuan/ton, the price of dysprosium ferroalloy was 2.26 million yuan/ton, and the price of dysprosium metal was 2.975 million yuan/ton. The heavy rare earth price trend rose. The production enterprises gradually started construction, and the rare earth market atmosphere improved. In addition, the export of Myanmar was limited. The global supply of rare earth was relatively concentrated. Myanmar is one of the production areas next to China and the United States. Myanmar has a great influence on the domestic heavy rare earth market products, and the price of heavy rare earth on the market has risen.

In addition, the first batch of rare earth total amount control indicators in 2022 met expectations, and the industry pattern continued to optimize. The Ministry of Industry and Information Technology and the Ministry of Natural Resources issued the total control index for the second batch of rare earth mining, smelting and separation in 2022. In 2022, the total control indicators of the second batch of rare earth mining, smelting and separation will be 109200 tons and 104800 tons respectively. The total control indicators of rare earth mining, smelting and separation in the first two batches in 2022 are 210000 tons and 202000 tons respectively, up sharply year on year. However, the demand gap for rare earth still exists, and the situation of oversupply has not improved.

The new energy vehicles, wind power and variable frequency air conditioning in the downstream of rare earths have achieved sustainable development. Due to repeated epidemics in some regions, downstream procurement is limited. However, the orders of magnetic material enterprises have increased recently, and some enterprises have gradually started replenishment. In addition, with the start of rare earth peak season, business community analyst Chen Ling expects the rare earth market to rise.