According to the monitoring of business society, the price index of domestic rare earth market continued to rise, the price of domestic PR nd rare earth continued to rise, the market price of terbium rose to a 10-year high, the price of dysprosium rose to a 5-year high, and the price of domestic rare earth market rose step by step. According to the rare earth plate index of business society, the rare earth index was 470 points on January 27, which was 1000 points higher than the highest point in the cycle (2011-12-06) ）Down 53.00%, up 73.43% from the lowest point of 271 on September 13, 2015. (Note: period refers to 2011-12-01 to now).
From the rare earth index chart, it can be clearly seen that the domestic rare earth prices continue to rise, and the rare earth market has frequent changes recently, and the market prices continue to rise. In terms of products:
It can be clearly seen from the product price trend chart that the domestic prices of praseodymium neodymium oxide, praseodymium neodymium alloy, neodymium oxide, neodymium metal, praseodymium oxide and praseodymium metal continue to rise. As of January 28, the domestic price of praseodymium neodymium oxide in rare earth is 455500 yuan / ton; the price of praseodymium neodymium alloy is 567500 yuan / ton; the price of neodymium oxide is 570500 yuan / ton; the price of neodymium metal is 697500 yuan / ton; the price of praseodymium oxide The price of praseodymium is 630000 yuan / ton, and the domestic market price of light rare earth continues to rise.
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Recently, the demand for permanent magnets has increased significantly. The main rare earth materials of high-performance NdFeB are light rare earth praseodymium oxide, neodymium oxide, heavy rare earth dysprosium oxide and terbium oxide, which are used in new energy vehicles, wind power, energy-saving frequency conversion air conditioning, traditional vehicles and other fields. According to the data released by China Automobile Association, China’s auto sales will reach 25.311 million in 2020. Among them, the sales volume of new energy vehicles reached 1.367 million, breaking the historical record. Downstream demand rose, and domestic light rare earth market prices continued to rise. Recently, the domestic heavy rare earth market price of terbium series has reached a 10-year high, while the dysprosium series market price has continued to rise.
It can be seen from the trend chart that the domestic price of dysprosium series continued to rise, with the price of dysprosium oxide reaching 2.28 million yuan / ton as of the 28th; the price of dysprosium ferroalloy was 2.26 million yuan / ton, and the domestic price of terbium series rose sharply, with the domestic price of Terbium oxide reaching 8.825 million yuan / ton and the price of metal terbium reaching 11.025 million yuan / ton on the 28th, and the price of terbium series rose to the highest level in 10 years. Domestic rare earth purchase and storage plan is a good support for domestic heavy rare earth prices. In the purchase and storage plan, medium and heavy rare earth accounts for a large proportion of annual output, which is expected to have a greater impact on the supply and demand and prices of medium and heavy rare earth. In addition, Myanmar’s customs closure still has a tight impact on domestic import and supply of medium and heavy rare earth. During the “14th five year plan”, domestic rare earth supply may still be limited by the total mining quota It is expected that the supply side high-pressure policies such as cracking down on black and environmental protection will continue, and the increase of overseas supply will be relatively limited in the next three to five years. It is expected that the global supply of rare earth, especially the supply of heavy rare earth, will continue to shrink, the supply and demand will be unbalanced, and the market price of heavy rare earth will continue to rise.
On January 15, 2021, the Ministry of industry and information technology openly solicited opinions on the rare earth management regulations (Draft), releasing the signal of standardizing the rare earth industry management and promoting the high-quality development of the industry. There are 29 pieces in the draft, which clarify the division of responsibilities of rare earth management, the approval system of rare earth mining and smelting separation investment projects, and the total amount index management system. It also emphasizes strengthening the management of the whole industry chain of rare earth, strengthening supervision and management. The state has made corresponding adjustments to the development of rare earth industry. The rare earth industry is developing towards high quality, and the policies are favorable to support the development of rare earth industry The local market price rose sharply.
The recent overseas economic recovery, especially the recovery of advanced manufacturing industry, is expected to drive further growth in demand. The domestic demand for new energy has increased significantly. In addition, the domestic rare earth supply is still tight, and the contradiction between supply and demand in the rare earth market is sharp. Business community analysts expect that the market price of rare earth will continue to rise in the future.
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