According to the monitoring of business society, the price index of domestic rare earth market continues to rise. It is obvious from the figure that the rare earth market continues to rise. Recently, the domestic praseodymium neodymium rare earth market has risen sharply, and the price of heavy rare earth market remains high. On November 24, the rare earth index was 765 points, an increase of 10 points compared with yesterday and a decrease of 23.50% compared with the highest point of 1000 points in the cycle (December 6, 2011), It is 182.29% 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 domestic light rare earth market price has risen sharply, the mainstream praseodymium neodymium commodity price in the rare earth market continues to rise, and the rare earth market is rising. In terms of products:
It can be clearly seen from the product price trend chart that the prices of domestic praseodymium neodymium oxide, praseodymium oxide, neodymium oxide, metal neodymium, metal praseodymium neodymium and metal praseodymium rose sharply. As of November 25, the price of neodymium oxide in domestic rare earths was 855000 yuan / ton, with a sharp rise of 16.33% this month; The price of praseodymium oxide was 865000 yuan / ton, an increase of 13.07% this month; The price of praseodymium neodymium oxide is 840000 yuan / ton, with a sharp rise of 17.07% this month; The price of praseodymium neodymium alloy was 1025000 yuan / ton, with a monthly increase of 19.19%; The price of metal praseodymium was 1.12 million yuan / ton, up 16.67% this month; The price of neodymium is 1.05 million yuan / ton, with a rise of 17.32% this month. The domestic rare earth market is rising, and the market price of light rare earth is rising sharply.
The trend of products in the domestic rare earth market is rising. On the one hand, the policy is good and the supply of electric coal is tight in winter. Recently, the Ministry of industry and information technology issued the motor energy efficiency improvement plan to encourage the development of energy-saving rare earth motors to replace traditional industrial motors and respond to the call for energy conservation and emission reduction. There was a strong bullish mood in the venue. Many goods holding businesses did not offer prices, and the venue prices continued to rise. On the other hand, there is little change in the supply and demand structure, the demand for high-end magnetic materials is normal, the proportion of frequency conversion air conditioners in domestic household appliances continues to increase, the penetration rate of Nd-Fe-B continues to increase, and the demand side has increased. In addition, the demand for permanent magnet has increased significantly, the rapid development of new energy industry has driven the development of many industries, and the upstream material rare earth permanent magnet has also caught the “express train”. The sales of new energy vehicles are normal, the demand for rare earth is at a high level, and the price of rare earth oxides has risen sharply. When there is no lock order, the rare earth metal factory mainly focuses on wait-and-see and purchases cautiously.
The national environmental protection inspector is still continuing, the traditional peak demand season for rare earth is coming, superimposed on the launch expectations of relevant policies of the rare earth industry, the supply and demand is expected to resonate with the policies, and the rare earth market continues to rise. In addition, the inventory of neodymium praseodymium oxide has been at a low level, the shippers have low willingness to ship, strong reluctance to sell and wait-and-see mood, and the on-site prices continue to rise. According to statistics, the demand for new energy vehicles increased. According to the data released by China Automobile Industry Association, the production and sales of new energy vehicles hit a new record in October, reaching 397000 and 383000 respectively, with a month on month growth of 12.5% and 7.2%, both 1.3 times year-on-year growth. Driven by both market and policy, the demand market for vehicle gauge semiconductors broke out in an all-round way. Recently, the demand in the field of new energy is high, and the domestic light rare earth market price is rising. Driven by the demand for Nd-Fe-B, the market price of heavy rare earths in China rose accordingly, but the increase was not as eye-catching as that of light rare earths.
It can be seen from the trend chart that the price of dysprosium Series in China rose slightly. As of the 25th, the price of dysprosium oxide was 2.945 million yuan / ton, an increase of 3.51% this month; The price of dysprosium ferroalloy was 2.91 million yuan / ton, an increase of 2.46% this month; The price of dysprosium metal is 3.78 million yuan / ton, with an increase of 4.13% this month. The price of terbium in China continues to rise, the price of terbium oxide in China is 10.9 million yuan / ton, and the price of metal terbium is 14.4 million yuan / ton. The price of heavy rare earths rose, but the price was lower than that in April, when the market price of heavy rare earths was at a ten-year high. The turnover of the domestic rare earth market improved and the leading magnetic material factory actively purchased, which led to the rise of the domestic heavy rare earth market price. In the early stage, affected by the rainy season and epidemic situation, the rare earth supply in Myanmar was disturbed. In the later stage, the war broke out in Myanmar, and the supply disturbance was further aggravated. 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, the domestic supply is tight, and the production reduction risk of separation enterprises using Myanmar mines in the south is increased. Affected by this, the domestic heavy rare earth supply is tight, coupled with the increase of domestic demand, the contradiction between supply and demand is intensified, and the price trend of heavy rare earth market is rising.
In addition, with the support of national policies, Wang Jiangping, Vice Minister of the Ministry of industry and information technology, pointed out in early July that the regulations on the administration of rare earth will be introduced as soon as possible. We expect that the regulations will be introduced with a high probability within this year, and the national level legislation will regulate the high-quality development of the rare earth industry. Industry insiders believe that this reflects the strengthening of government control over the rare earth industry, which is conducive to the healthy development of the industry. Since 2021, the accelerated promulgation of the regulations on the administration of rare earth will, on the one hand, make the industry have laws to abide by and promote the rare earth industry chain to embark on the road of virtuous circle development; On the other hand, it reflects China’s determination to strictly control the supply order of rare earth and support the price of rare earth as an important strategic resource. The overall demand for rare earth products has increased, and the price of domestic rare earth market has risen sharply.
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 and the inventory continues to decline. Recently, the on-site transaction market is OK and the goods are actively prepared. With the advent of the traditional peak demand season of rare earth, the merchants holding the goods are reluctant to sell. Chen Ling, a business analyst, predicts that the price trend of rare earth market will mainly rise in the later stage.