SunSirs: The price of rare earth in the domestic market fell slightly last week

According to the monitoring of the SunSirs, the domestic rare earth market price was mainly stable last week, the domestic rare earth industry had little change, and the domestic heavy rare earth market price fell slightly.

Last week, the prices of some products in the domestic light rare earth market rose slightly, and the trend of some mainstream praseodymium and neodymium products in the rare earth market was mainly stable. In terms of products:

As can be seen from the product price trend chart, the prices of domestic metal neodymium, neodymium oxide, praseodymium oxide, praseodymium neodymium alloy and praseodymium neodymium oxide increased slightly. As of the 13th, the price of neodymium oxide in rare earth in China was 980000 RMB/ton, up 0.51% last week; The price of neodymium was 1.2 million RMB/ton, with a price increase of 0.42%; The price of praseodymium oxide was 980000 RMB/ton, up 0.26%; The price of praseodymium neodymium oxide was 962500 RMB/ton, up 0.52% last week; The price of praseodymium neodymium alloy was 1.165 million RMB/ton, an increase of 0.43%; The price of praseodymium metal was 1.265 million RMB/ton, the price trend rose by 0.80%, and the domestic rare earth market rose steadily.

The domestic rare earth market price is mainly stable. The recent downstream procurement is normal. In addition, affected by the epidemic, some upstream and downstream production is affected. Some metal plants have procurement demand, which has boosted the mentality of separation manufacturers, and the prices in the field have increased slightly. The inventory of downstream magnetic material enterprises in the field is not high, but the spot purchase demand is still there, and the rare earth market is higher. Due to the normal supply of praseodymium and neodymium oxide and other mainstream products of some large groups, some small waste recycling enterprises are affected by the shortage of waste supply, and the raw material inventory is insufficient to reduce production. Magnetic material manufacturers are mostly distributed in Zhejiang. Affected by the epidemic situation in the Yangtze River Delta and the Pearl River Delta, the demand for orders of downstream new energy vehicles and electric two wheeled vehicles is reduced, the demand for spot procurement is weak, and the price increase on the floor is limited. In addition, the rare earth metal factory was cautious in purchasing without lock orders, and the price increase in the rare earth market was not large.

The national environmental protection supervision is still continuing. Rare earth is purchased on demand. At present, the inventory of neodymium oxide praseodymium has not changed much. Affected by the sentiment of buying up but not buying down, the market price has risen slightly. According to statistics, the demand for new energy vehicles has increased. According to the data released by the China Automobile Industry Association, in May 2022, China's automobile production and sales reached 1.926 million and 1.862 million respectively, with a month on month increase of 59.7% and 57.6% respectively, and a year-on-year decrease of 5.7% and 12.6% respectively. Automobile production and sales have risen sharply. Recently, the demand in the new energy field has been normal, the domestic light rare earth market has remained high, and the domestic heavy rare earth market price has declined slightly.

It can be seen from the trend chart that the price of dysprosium Series in China fell slightly. As of the 13th, the price of dysprosium oxide was 2.54 million RMB/ton, and the weekly price fell by 1.17%; Dysprosium ferroalloy price was 2.535 million RMB/ton, with a decline of 1.17%; Dysprosium metal price was 3.315 million RMB/ton, with a trend decrease of 1.04%; The price of terbium Series in China fell slightly. The price of terbium oxide in China was 14.45 million RMB/ton, and the price of metal terbium was 18.45 million RMB/ton. The price trend of heavy rare earths declined slightly. The leading magnetic material factory purchased on demand, which kept the domestic heavy rare earth market at a high level. The raw material inventory of separation enterprises in the areas where light rare earth mines are used in Sichuan and other places decreased. The reduction of this part of supply had little impact on the operating rate of separation plants in the areas where light rare earth mines are used. However, recently, with the epidemic situation being controlled, the production enterprises have started gradually, the supply has eased, and the market price has declined slightly. However, the export of Myanmar is limited, and the global rare earth supply is relatively concentrated. Myanmar is one of the production areas next to China and the United States. Myanmar has a great impact on the domestic heavy rare earth market products, and the heavy rare earth prices on the floor have not fallen much.

In addition, the national policy supports the rare earth market. In 2022, the first batch of Rare Earth total amount control indicators meet expectations, and the industry pattern continues to be optimized. On the 28th, the Ministry of industry and information technology and the Ministry of natural resources issued the first batch of Rare Earth total amount control indicators in 2022, of which the mining indicators and smelting separation indicators were 100800 tons and 97200 tons respectively. The increase of the indicators is in line with expectations, and the country is still relatively restrained in releasing the rare earth supply indicators. In 2022, the first batch of ore indicators / smelting separation indicators were +20% year-on-year, with a growth rate lower than that of the first batch in 2021 (year-on-year +27.3%/27.6%). It is expected that the overall supply and demand of rare earth will remain tight in 22 years. The index increment is still focused on light rare earth. Among the mining indicators in 2022, the rock ore type rare earth (mainly light rare earth) is 89310 tons, a year-on-year increase of +23.2%, and the ionic rare earth is 11490 tons, which is flat year-on-year. It is expected that the increment concentrated on light rare earth will be a long-term trend, and the domestic rare earth market will still be supported in the long run.

The sustainable development of new energy vehicles, wind power and variable-frequency air conditioners in the downstream of rare earth is guaranteed in terms of long-term demand. In addition, the recent news of resumption of work and production has continuously spread, and the enthusiasm for downstream procurement has increased. With the continuous change of the global supply pattern of rare earth raw materials, the deepening of the requirements of innovation driven green development, the continuous strengthening of the normative governance of the domestic rare earth industry and the further deepening of the understanding of resource scarcity, Analysts of SunSirs predict that the domestic rare earth market price may remain high.

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