In April, the price index of the domestic rare earth market dropped sharply, the price of domestic praseodymium-based rare earths fell, and the price of heavy rare earths also fell sharply. The domestic rare earth market was no longer good. According to the SunSirs rare earth sector index, the rare earth index on May 5 was 534 points , Which is a 46.60% decrease from the highest point in the cycle of 1000 points (2011-12-06), and an increase of 97.05% from the lowest point of 271 points on September 13, 2015. (Note: Period refers to 2011-12-01 till now).
In April, domestic rare earth prices continued to pull back. Recently, mainstream commodity prices in the rare earth market have fallen, and the rare earth market has cooled. Specific to the product:
Domestic mainstream products such as neodymium oxide, metal neodymium, neodymium praseodymium oxide, and neodymium praseodymium alloys have fallen significantly, while prices of praseodymium oxide and metal praseodymium have risen against the trend. As of May 6, the price of neodymium oxide in domestic rare earths was 542,500 yuan/ton. Compared with the price in early April, the price fell by 13.55%; the price of neodymium metal was 687,500 yuan/ton, down 12.70% from the price in early April; the price of neodymium praseodymium oxide was 537,500 yuan/ton, down 7.73% from the price in early April; the price of neodymium praseodymium alloy The price of praseodymium was 650,000 yuan/ton, which was 9.09% lower than the price in early April; the price of praseodymium oxide was 547,500 yuan/ton, and the price increase in April was 4.78%; the price of metal praseodymium was 705,000 yuan/ton, which was 4.44% in April. The market trend of the domestic light rare earth market has declined.
Recently, the rare earth market has been declining. Some companies have reported that the overall transaction volume has declined. The downstream permanent magnets mainly purchase on-demand. However, the early manufacturers actively stock up and the on-site inventory increases. As a result, the downstream enthusiasm for restocking is generally low. Product prices have fallen. Sales of new energy vehicles have slowed down, and the impact on the rare earth industry has cooled somewhat. The main rare earth materials of high-performance NdFeB are light rare earth praseodymium and neodymium oxide, heavy rare earth dysprosium oxide and terbium oxide, which are used in new energy vehicles, wind power, energy-saving inverter air conditioners, traditional automobiles and other fields. According to statistics, new energy vehicles continue to set a single-month historical record of sales. According to data released by the China Association of Automobile Manufacturers, in March and March, the national automobile industry continued to maintain a good development trend, with production and sales reaching 2.462 million and 2.526 million vehicles respectively, an increase of 63.9% and 73.6% from the previous month, and an increase of 71.6% and 74.9% year-on-year. ; New energy production, sales and export volume once again set a new historical record for the month. Downstream on-demand procurement is the main focus, the light rare earth market prices continue to fall, and the heavy rare earth market also cools down accordingly.
As of the 6th, the price of dysprosium oxide was 2.665 million yuan/ton, a decrease of 12.91% in April; the price of dysprosium ferroalloy was 2.645 million yuan/ton, which fell 12.42% in April, and the price of dysprosium metal was 3.4 million yuan/ton, which fell in April. The domestic price of terbium series dropped sharply, the domestic price of terbium oxide was 8.15 million yuan/ton, and the price of terbium metal was 10.4 million yuan/ton. There are few transactions in the domestic rare earth market. The upper, middle and lower reaches of the market are mainly wait-and-see. Traders tend to buy at low prices. The price of the heavy rare earth market has fallen. However, the political situation in Myanmar is unstable and the global rare earth supply is relatively concentrated. Myanmar is second only to China. One of the producing areas of the United States. The Myanmar side has a greater impact on the domestic heavy rare earth market products, and the import source has been greatly reduced. The supply of the domestic heavy rare earth market is still slightly tight, but the downstream conflicts are more serious, and the market price trend is declining.
The recent "Notice on the Implementation of Industrial Energy Conservation Supervision Work in 2021" emphasizes the comprehensive investigation of key industries such as steel, non-ferrous metal smelting, petrochemical chemicals, building materials and other key industries, and launches special monitoring of the implementation of mandatory unit product energy consumption quota standards, which is finally realized During the "14th Five-Year Plan" period, energy conservation supervision of key industries and enterprises will be fully covered. Industry insiders believe that this reflects that the government is strengthening the control of the rare earth industry, which is conducive to the healthy development of the industry. Since 2021, the market for rare earth products has been objective, but downstream merchants have significantly reduced prices for purchases, leading to a drop in market prices.
In 2021, the first batch of rare earth mining, smelting and separation total control indicators will increase significantly, which is related to the strong downstream demand. The Ministry of Natural Resources has issued the 2021 total rare earth mining total control indicators, and the first batch of rare earth mines (rare earth oxide REO) in 2021 , The same below) The total mining control index is 84,000 tons, including 11490 tons of ionic (mainly heavy rare earth) rare earth minerals and 72510 tons of rock and mineral (light) rare earth minerals. The first batch of tungsten concentrate (65% tungsten trioxide content, the same below) has a total mining control index of 63,000 tons, of which 46,890 tons are the main mining index and 16,110 tons of comprehensive utilization index. In 2021, we will continue to control the total amount of rare earth and tungsten ore mining. The national policy is favorable, and the trend of some products in the rare earth market is stable.
With the sustainable development of new energy vehicles, wind power, and inverter air conditioners downstream of rare earths, demand has been supported. However, domestic rare earth supply has started normally, coupled with recent poor transactions on the market and inactive purchases. SunSirs analysts expect rare earths in the future Market prices The market price of light rare earths may continue to fall slightly in the short term.
