On February 13, the rare earth index was 339, up 1 point from yesterday, 66.10% lower than the highest point in the cycle, 1000 (2011-12-06), and 25.09% higher than the lowest point, 271, on September 13, 2015. (Note: cycle refers to 2011-12-01 to now).
The average price of neodymium, dysprosium and praseodymium in rare earth metals increased by 1000 yuan / ton to 368500 yuan / ton, 2125000 yuan / ton and 645000 yuan / ton respectively. In rare earth oxides, the average price of praseodymium neodymium oxide rose by 1500 yuan / ton to 284000 yuan / ton; dysprosium oxide rose by 20000 yuan / ton to 1725000 yuan / ton; praseodymium oxide rose by 330000 yuan / ton; and neodymium oxide rose by 1000 yuan / ton to 294500 yuan / ton. The price of praseodymium neodymium alloy in rare earth alloy increased by 3500 yuan / ton to 361500 yuan / ton, and the average price of dysprosium ferroalloy increased by 20000 yuan / ton to 17005000 yuan / ton.
The price trend of heavy and rare earth in the rare earth market is rising, the domestic supply policy of heavy and rare earth market, the export of heavy and rare earth is normal, Myanmar unilaterally closes the customs clearance port, the domestic supply is reduced, in addition, due to the impact of the recent epidemic, some rare earth products are not fully back to work, the domestic supply of rare earth prices is tight, and the domestic price trend of heavy and rare earth is rising. In addition to the recent resumption of production of some permanent magnet products, as well as the exhaustion of some inventory during the Spring Festival, the market trend of PR nd series products increased slightly, the supply in the field was tight, the recent demand for light rare earth was average, and the market price rose slightly. 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 more strict. Under the strict inspection of environmental protection, the manufacturers reasonably controlled the sales. In addition, affected by the epidemic situation, some enterprises have not yet started construction, but the demand in the downstream has not changed much in the near future, and most rare earth prices are stable.
Geng Shuang, spokesman of the Ministry of foreign affairs, said that China is the world’s largest country in rare earth reserves and production, and plays an important role in the global rare earth industry chain. China has always adhered to the principle of openness, coordination and sharing, promoted the development of domestic rare earth industry, and is willing to use rare earth resources and products to meet the legitimate needs of the development of all countries in the world, so as to promote China’s economy and the world economy We will play a positive role in our development. China’s rare earth production accounts for 73% of the world’s total, ranking first in the world and playing an important role in the game between big countries. Rare earth PR nd and Dy TB are mainly used in NdFeB magnetic steel. Recently, the Ministry of industry and information technology and the Ministry of natural resources jointly issued a notice to release the total amount control indicators of rare earth mining and smelting separation and tungsten mining in 2019. The Ministry of industry and information technology of China announced that the total amount of rare earth mining and smelting separation in 2019 was 132000 tons and 127000 tons respectively, while the quota of rare earth mining in 2018 was 120000 tons, an increase of 12000 tons, and the data in 2019 It’s the highest year since 2014. In addition, the Ministry of industry and information technology, together with relevant departments, drafted the development plan of new energy vehicle industry (2021-2035). After 15 years of continuous efforts, China’s core technology of new energy vehicles will reach the international leading level. By 2025, the proportion of new energy vehicle sales will reach about 25%. Driven by national policies, the supply and demand pattern of rare earth industry is expected to further improve, and China’s domestic demand is expected to further improve The price of heavy rare earth in the domestic rare earth market remained high.
Rare earth analysts of the business agency expect that in the near future, the intensity of strict environmental protection inspection in China will not be reduced, coupled with domestic support for the export market of rare earth industry, the supply and demand pattern is improving in a good way, and transportation is still limited in the near future, and the market price of rare earth is expected to continue to rise.