Price trend
According to the monitoring of SunSirs, the price index of the domestic rare earth market rose slightly, and the domestic rare earth market rose. On December 21, the rare earth index was 659 points, up 1 point from the previous day, down 34.56% from the peak of 1,007 points (2022-02-24) in the cycle, and up 143.17% 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).
Analysis review
The prices of domestic neodymium oxide, metal neodymium, praseodymium neodymium alloy and praseodymium neodymium oxide rose slightly, while the prices of praseodymium oxide and metal praseodymium were stable. As of the 22nd, the price of praseodymium neodymium metal was 855,000 RMB/ton, up 3.64% this week; The price of praseodymium neodymium oxide was 702,500 RMB/ton, up 1.81%; The price of neodymium oxide was 770,000 RMB/ton, up 0.65%; The price of neodymium metal was 947,500 RMB/ton, with the price trend rising by 0.80%; The price of praseodymium metal was 90,5000 RMB/ton, and the price trend was temporarily stable; The price of praseodymium oxide was 695,000 RMB/ton, which was stable this week.
The number of inquiries in the domestic light rare earth market increased. In addition, some production enterprises reduced their load and the spot supply decreased. The price of light rare earth market rose slightly. The supply was mainly concentrated in Inner Mongolia. Due to the adjustment of prevention and control policies, the manufacturer's shipment had improved and downstream procurement had increased. Recently, the inventory of downstream magnetic material merchants has decreased, and the purchasing sentiment improved, which led to an increase in orders. The holders were reluctant to sell and bullish, and the light rare earth market rose.
The price of dysprosium series heavy rare earth in China rose slightly. As of the 22nd, the price of dysprosium oxide was 2.48 million RMB/ton, up 1.64% this week; The price of dysprosium ferroalloy was 2.465 million RMB/ton, with a 2.07% increase; The price of dysprosium metal was 3.175 million RMB/ton, up 3.59%; The price of domestic terbium was mainly increased. The price of domestic terbium oxide was 13.9 million RMB/ton, and the price of metal terbium was 17.45 million RMB/ton. The price of heavy rare earth increased mainly. The regions where rare earth mines are used in Sichuan and other places were separated, the raw material inventory of enterprises decreased, the production enterprises started normal, downstream procurement increased, and the market price increased. However, Myanmar's exports were limited, and the global supply of rare earths was relatively concentrated. Myanmar was one of the production areas next to China and the United States. Myanmar has a great influence on the products in the domestic heavy rare earth market, and the price trend of heavy rare earth market has risen.
According to the data released by the China Association of Automobile Manufacturers, the production and sales of automobiles in Chinae reach 2.386 million and 2.328 million respectively in November 2022, down 8.2% and 7.1% year on year. Among them, the production and sales of new energy vehicles were 768.000 and 786,000, up 65.6% and 72.3% year on year, respectively, with a market share of 33.8%.The production and sales of new energy vehicles rose, the demand in the new energy field still had support, and the price of the domestic rare earth market rose mainly.
Market outlook
The new energy vehicles, wind power and variable frequency air conditioning in the downstream of rare earth continue to develop. Recently, downstream businesses have gradually started their procurement mode. In the short term, the price of rare earth market will still rise. In the long term, the demand for rare earth will still be guaranteed, and they are optimistic about the development of rare earth industry.
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