According to the monitoring of business agency, the price index of domestic rare earth market rose slightly this week, the domestic rare earth industry gradually returned to rationality, and the domestic rare earth price rose little. The rare earth index was 821 points on May 15, the same as yesterday, down 18.47% from the highest point 1007 points (2022-02-24) in the cycle, and up 202.95% from the lowest point 271 points on September 13, 2015. (Note: the period refers to the period from December 1, 2011 to now).
This week, the price trend of domestic light rare earth market rose slightly, and the trend of some products of praseodymium neodymium series, the mainstream of rare earth market, rose slightly. In terms of products:
As can be seen from the product price trend chart, the prices of domestic metal neodymium, neodymium oxide, praseodymium oxide, praseodymium neodymium alloy and praseodymium neodymium oxide increased slightly. As of the 16th, the price of neodymium oxide in rare earths in China was 935000 yuan / ton, an increase of 2.19% this week; The price of neodymium was 1.14 million yuan / ton, with a price increase of 3.17%; The price of praseodymium oxide was 920000 yuan / ton, with a price increase of 1.10%; The price of praseodymium neodymium oxide was 915000 yuan / ton, up 5.48% this week; The price of praseodymium neodymium alloy was 1.105 million yuan / ton, an increase of 4.74%; The price of metal praseodymium was 1.205 million yuan / ton, the price trend increased by 0.84%, and the domestic rare earth market rose slightly.
The price of rare earth in the domestic market rose slightly. The recent downstream procurement was normal. In addition, affected by the epidemic, some upstream and downstream production was affected, and some metal factories had procurement demand, which boosted the mentality of separation manufacturers, and the on-site price rose slightly. The inventory of downstream magnetic material enterprises in the field is not high, but the demand for spot procurement still exists, and the rare earth market is higher. Due to the normal supply of mainstream products such as praseodymium and neodymium oxide in some large groups, some small waste recycling enterprises reduce production due to insufficient raw material inventory due to the shortage of waste supply. Magnetic material enterprises are mostly distributed in Zhejiang. Affected by the epidemic situation in the Yangtze River Delta and the Pearl River Delta, the demand for orders of downstream new energy vehicles and electric two wheeled vehicles is reduced, the demand for spot procurement is weak, and the increase of on-site prices is limited. In addition, the price of rare earth metal lock factory is cautious in the case of small increase in the rare earth metal market.
The national environmental protection supervision is still continuing, and rare earths are purchased on demand. At present, the inventory of neodymium praseodymium oxide has not changed much. Affected by the mood of buying up or not, the price trend in the market has increased slightly. According to statistics, the demand for new energy vehicles has increased. According to the data released by China Automobile Industry Association, in March 2022, China’s automobile production and sales reached 1.422 million and 1.43 million respectively, up 4 times and 3.6 times month on month, down 44.5% and 43.3% year-on-year. Automobile production and sales have declined. Recently, the demand in the field of new energy has been normal, the domestic light rare earth market has increased slightly, and the domestic heavy rare earth market price has risen.
It can be seen from the trend chart that the price of dysprosium Series in China rose. As of the 16th, the price of dysprosium oxide was 2.64 million yuan / ton, with a weekly increase of 0.96%; The price of dysprosium ferroalloy was 2.635 million yuan / ton, rising by 1.54%; The price of dysprosium metal was 3.4 million yuan / ton, rising by 2.56%; The price of terbium Series in China has increased slightly. The price of terbium oxide in China is 15.05 million yuan / ton, and the price of metal terbium is 18.6 million yuan / ton. The price of heavy rare earths rose slightly, and the leading magnetic material factory purchased on demand, which led to a slight rise in the trend of the domestic heavy rare earth market. The raw material inventory of separation enterprises in the areas where light rare earth mines are used in Sichuan and other places decreased. The reduction of this part of supply has little impact on the operating rate of separation plants in the areas where light rare earth mines are used. In addition, the export of Myanmar is limited, and the global rare earth supply is relatively concentrated. 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, and the price trend of heavy rare earth in the venue rose slightly.
In addition, the national policy supports the rare earth market. The first batch of Rare Earth total amount control indicators in 2022 are in line with 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 earths (mainly light rare earths) were 89310 tons, with a year-on-year increase of + 23.2%, and the ionic rare earths were 11490 tons, with a year-on-year balance. It is expected that the increment concentrated on light rare earths will be a long-term trend, and the domestic rare earth market will still be supported in the long run.
The sustainable development of new energy vehicles, wind power and variable frequency air conditioning in the downstream of rare earth has been guaranteed in terms of long-term demand. In addition, the recent news of resumption of work and production has increased the enthusiasm of downstream procurement. With the continuous change of the global supply pattern of rare earth raw materials, the deepening of the requirements of innovation driven green development, the continuous strengthening of the standardized governance of the domestic rare earth industry and the further deepening of the understanding of resource scarcity, Chen Ling, an analyst at business news agency, expects the domestic rare earth market price to rise slightly.