According to the monitoring of business society, the trend of domestic rare earth market price index continued to fall. The price of domestic praseodymium and neodymium rare earth decreased significantly, and the price of heavy rare earth also decreased correspondingly. The price of domestic rare earth market fell slightly. According to the rare earth plate index of business society, the rare earth index on April 19 was 556 points, 4 points lower than yesterday, and 1000 points (20 points) higher than the highest point in the cycle 11-12-06), down 44.40%, up 105.17% from the lowest point of 271 on September 13, 2015. (Note: period refers to 2011-12-01 to now).
It can be clearly seen from the rare earth index chart that the domestic rare earth prices continue to callback. Recently, the prices of the mainstream commodities in the rare earth market have declined, and the rare earth market has cooled down. In terms of products:
It can be clearly seen from the product price trend chart that the domestic mainstream products such as neodymium oxide, metallic neodymium, praseodymium neodymium oxide and praseodymium neodymium alloy decreased significantly, but the prices of praseodymium oxide and metallic praseodymium rose against the trend. As of April 20, the price of neodymium oxide in domestic rare earths was 567500 yuan / ton, 9.56% lower than that in early April; the price of metallic neodymium was 742500 yuan / ton, 5.71% lower than that in early April; the price of praseodymium oxide was 742500 yuan / ton, 5.71 The price of neodymium oxide was 560500 yuan / ton, 3.78% lower than that at the beginning of April; the price of praseodymium neodymium alloy was 685000 yuan / ton, 4.2% lower than that at the beginning of April; the price of praseodymium oxide was 547500 yuan / ton; the price of praseodymium metal was 705000 yuan / ton, and the domestic light rare earth market dropped.
Recently, the rare earth market has been declining. According to the feedback of some enterprises, the overall trading volume has declined, and the downstream permanent magnet is mainly purchased on demand. However, in the early stage, the manufacturers are actively preparing goods, and the inventory in the yard has increased, which leads to the general low enthusiasm of the downstream replenishment. In this case, the prices of mainstream rare earth products have declined. Sales of new energy vehicles have slowed down and the rare earth industry has been affected. The main rare earth raw materials of high performance NdFeB are light rare earth praseodymium neodymium oxide, heavy rare earth dysprosium oxide and terbium oxide, which are used in new energy vehicles, wind power, energy-saving frequency conversion air conditioning, traditional vehicles and other fields. According to statistics, new energy vehicles continue to break the historical record of single month sales. According to the data released by the China Automobile Industry Association, in March, the national automobile industry continued to maintain a good development trend, with production and sales reaching 2.462 million and 2.526 million respectively, with a month on month growth of 63.9% and 73.6%, and a year-on-year growth of 71.6% and 74.9%; the production, sales and export volume of new energy once again set a new record in that month. The downstream is mainly purchased on demand, the market price of light rare earth is falling, and the heavy rare earth market is cooling down accordingly.
It can be seen from the trend chart that the domestic price of dysprosium series has declined. As of the 20th, the price of dysprosium oxide was 2.91 million yuan / ton; the price of dysprosium ferroalloy was 2.885 million yuan / ton, and the price of dysprosium metal was 3.6 million yuan / ton. The domestic price of terbium series has dropped sharply, with the domestic price of terbium oxide being 8.85 million yuan / ton and the price of terbium metal being 11 million yuan / ton. There are few transactions in the domestic rare earth market. The upstream, middle and downstream markets are mainly on the lookout. Traders tend to buy at a lower price, and the market price of heavy rare earth has dropped. However, Myanmar’s political situation is unstable, and the global supply of rare earth is relatively concentrated. Myanmar is one of the production areas second only to China and the United States. Myanmar has a great influence on the domestic heavy rare earth market products. The import source has decreased significantly. The domestic heavy rare earth market supply is still slightly tight, but the downstream resistance is more serious, and the market price has declined.
Recently, the “notice on industrial energy conservation supervision in 2021″ stressed that enterprises in key industries such as iron and steel, non-ferrous metal smelting, petrochemical and chemical industry, building materials and so on should be comprehensively investigated, and special supervision on the implementation of mandatory energy consumption quota standards per unit product should be carried out, so as to finally achieve full coverage of energy conservation supervision of enterprises in key industries during the “14th five year plan”. 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 market of rare earth products has been objective, but the lower reaches of the business purchase significantly, leading to a decline in market prices.
In 2021, the first batch of rare earth mining, smelting and separation total amount control indicators increased significantly, which is related to the strong downstream demand. The Ministry of natural resources issued the total amount control indicators of rare earth mining in 2021. In 2021, the total amount control indicators of the first batch of rare earth mining (rare earth oxide REO, the same below) in China were 84000 tons, including 11490 tons of ionic (mainly medium and heavy rare earth) rare earth ore and 11490 tons of rock ore The index of type (light) rare earth ore is 72510 tons. The first batch of tungsten concentrate (tungsten trioxide content 65%, the same below) has a total mining control index of 63000 tons, of which the main mining index is 46890 tons and the comprehensive utilization index is 16110 tons. In 2021, the total amount of rare earth and tungsten mining will continue to be controlled, the state policy is favorable, and the trend of some products in the rare earth market will be stable.
With the sustainable development of new energy vehicles, wind power and variable frequency air conditioning in the downstream of rare earth, the demand has been supported. However, the domestic rare earth supply has started normally. In addition, the recent on-site transaction is not good and the purchase is not active. Chen Ling, an analyst of business society, predicts that the market price of rare earth in the later period may be slightly lower in the short term.