Recently, the prices of rare earth in China have continued to rise. Since the middle of February, the prices of heavy rare earth in China have increased by about 9.5%, and the price of terbium oxide has increased by 150,000 RMB/ton to 4,125,000 RMB/ton. The price trend of some rare earth products in China is as follows:
The prices of heavy rare earth in the domestic market have risen sharply, with a rise of 9.4% in February. As of the 27th, the price of dysprosium oxide was 1.825 million RMB/ton, or 7.35%; the price of dysprosium metal was 2.325 million RMB/ton, or 9.41%; the price of dysprosium ferroalloy was 1.8 million RMB/ton, or 6.82% in February. The prices of heavy rare earth in China have risen sharply, while some prices in light rare earth market have fallen slightly.
On February 26, the rare earth index was 342 points, the same as yesterday, 65.80% lower than the highest point in the cycle, 1,000 points (December 6, 2011), and 26.20% higher than the lowest point, 271 point, on September 13, 2015. (Note: cycle refers to December 1, 2011 to now).
Prices of rare earth in the rare earth market have risen sharply. Myanmar has unilaterally banned the export of rare earth, which has led to a sharp decline in the import volume of domestic heavy rare earth. In addition, the south is a serious epidemic area, and rare earth Enterprises in the South have not fully resumed their work, the supply of domestic heavy rare earth has decreased, the contradiction between the supply and demand of domestic heavy rare earth is sharp, and the market price of heavy rare earth has risen sharply. In addition, in the near future, the demand for permanent magnet is average, and after the increase of rare earth supply in the north, the market trend of praseodymium and neodymium series products is slightly down, the on-site supply is normal, the demand for light rare earth is average, and the market price is slightly down. The price fluctuation of rare earth market is related to the national environmental protection supervision. Rare earth production has particularity, especially some products have radiation hazards, which makes the environmental protection supervision stricter. Affected by the epidemic, transportation is limited to some extent, and the price trend of some rare earth products remains stable.
According to the Ministry of industry and information technology and other documents, by 2025, the sales of new energy vehicles will account for about 25%. Global electrification is stepping into the acceleration period of high-quality models at the supply side. China's double point policy and European carbon emission requirements have established a long-term development mechanism for new energy vehicles. Driven by national policies, the supply and demand pattern of rare earth industry is expected to further improve, domestic demand in China has improved, and the price of heavy rare earth in domestic rare earth market remains high. Recently, the Ministry of natural resources and the Ministry of industry and information technology issued the notice on the issuance of the total amount control index (the first batch) for the exploitation of rare earth ores and tungsten ores in 2020, which clarified that the total amount control index for the exploitation of the first batch of rare earth ores (rare earth oxide REO) in China is 66000 tons, and the total amount control index for the exploitation of tungsten concentrate (65% of tungsten trioxide) is 525,00 tons.
Rare earth analysts of SunSirs expect that the recent domestic environmental protection inspection will not be reduced, coupled with the domestic heavy rare earth import is blocked, and the supply and demand pattern is improving in a good way. Prices of heavy rare earth in the rare earth market are still expected to continue to rise, and prices of light rare earth will maintain a low level.
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