According to the monitoring of business society, the price index of domestic rare earth market fell slightly. The price of praseodymium and neodymium rare earth in China fell, while that of dysprosium and terbium remained at a high level. The price of domestic rare earth market fell slightly. According to the rare earth plate index of business society, the rare earth index was 562 points on March 14, which was the same as yesterday, down 43.80% from the highest point of 1000 points (2011-12-06), Compared with the lowest point of 271 on September 13, 2015, it has increased by 107.38%. (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 have slightly rebounded. Recently, some prices in the rare earth market have gone down, 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 prices of praseodymium and neodymium oxide, praseodymium and neodymium alloy, neodymium oxide and neodymium metal all have dropped. As of March 15, the price of praseodymium and neodymium oxide in domestic rare earth is 572500 yuan / ton; the price of praseodymium and neodymium alloy is 712500 yuan / ton; the price of neodymium oxide is 680000 yuan / ton; the price of neodymium metal is 812500 yuan / ton; the price of praseodymium oxide is 492500 yuan / ton The price of praseodymium was 650000 yuan / ton, and the domestic market of light rare earth rose and fell.
In the near future, the demand for permanent magnets is acceptable, but in the early stage, the manufacturers are actively preparing goods, the inventory in the field is increased, the downstream procurement is not active in the near future, and the market price of light rare earths declines slightly. New energy vehicles have been booming from 2020 to 2021, driving the development of many industries. The market of upstream rare earth permanent magnet materials is rising. According to the insiders, the rare earth gap is likely to continue throughout 2021. 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 China Automobile Industry Association, in January, the production and sales of new energy vehicles were 194000 and 179000 respectively, up 285.8% and 238.5% year on year respectively. The downstream demand remained at a high level, and the domestic market price of light rare earths had a limited decline. In addition, in the near future, large rare earth manufacturers have obvious intention to support the price, and the market price of light rare earth is relatively strong. Recently, the domestic market price of heavy rare earths has maintained a high level.
It can be seen from the trend chart that the domestic price of dysprosium series remained at a high level. As of the 15th, the price of dysprosium oxide was 2.905 million yuan / ton; the price of dysprosium ferroalloy was 2.855 million yuan / ton, the price of dysprosium metal was 3.55 million yuan / ton; the domestic price of terbium series fluctuated at a high level, the domestic price of terbium oxide was 9.85 million yuan / ton, and the price of terbium metal was 12.35 million yuan / ton. The reasons for the high price of domestic heavy rare earth market include that Myanmar still forbids exports, and the global supply of rare earth is relatively concentrated. Myanmar is one of the production areas next 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 sharp contradiction between supply and demand in the domestic heavy rare earth market has led to a sharp rise in the price of heavy rare earth. In February 2021, the opinions of the State Council on supporting the revitalization and development of old revolutionary base areas in the new era proposed to promote the construction of “China’s rare earth Valley” and study the policies for the purchase and storage of medium and heavy rare earth and tungsten resources, Medium and heavy rare earths account for a large proportion of annual output in the purchase and storage plan, which is expected to have a greater impact on the supply and demand and price of medium and heavy rare earths. In addition, the downstream demand has been rising recently, the application of new energy has been growing rapidly, and the demand for permanent magnet has increased significantly, which has brought the greatest positive support to the heavy rare earth market. The price of heavy rare earth market has remained high. Due to the tight supply of terbium Market and the imbalance between supply and demand, the price trend of terbium market is temporarily stable.
In terms of domestic policies, the first batch of rare earth mining, smelting and separation total amount control indicators increased significantly in 2021, which was related to the strong downstream demand. The Ministry of natural resources issued the total amount control indicators of rare earth mining in 2021, and the total amount control indicators of the first batch of rare earth mining (rare earth oxide REO, the same below) in 2021 were 84000 tons, of which the ion type (mainly medium and heavy rare earth) rare earth mining index was 1 Standard 11490 tons, rock type (light) rare earth ore index 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 market price of rare earth will continue to rise.
With the continuous volume of new energy vehicles, wind power and variable frequency air conditioning in the downstream of rare earth, the demand is expected to further increase, the global rare earth supply gap is expected to continue to expand, the domestic demand for rare earth is expected to maintain a high level, and the domestic rare earth supply starts to work normally. However, in the near future, the downstream purchasing enthusiasm has declined, and business analyst Chen Ling expects that the market price of rare earth in the later period may maintain a shock in the short term It’s a trend.