According to the monitoring of the business agency, the price index of domestic rare earth market fell slightly in June, the price of PR nd series rare earth in China declined, the price of heavy rare earth market was lower, and the domestic rare earth market was weak. According to the index of rare earth plate of business agency, the rare earth index on June 28 was 483, which was flat with yesterday, down 51.70% from the highest point of 1000 (2011-12-06) in the cycle, It was 78.23% higher than the 271 point of the lowest point on September 13, 2015（ Note: the cycle refers to December 1, 2011 to present).
It can be seen clearly from the rare earth index chart that the domestic rare earth price still declined in June, the main commodity prices in the rare earth market have been lower in recent years, and the market of rare earth is in a low position. See the product as follows:
It can be seen clearly from the product price trend chart that the main products such as neodymium oxide, neodymium metal, praseodymium oxide and praseodymium alloy are still falling, while the prices of praseodymium oxide and praseodymium metal have risen against the trend. As of June 29, the price of neodymium oxide in domestic rare earth is 469000 yuan / ton, down 6.67% compared with that in early June; The price of neodymium metal was 575000 yuan / ton, down 6.88% from the price in early June; The price of praseodymium and neodymium oxide was 4735000 yuan / ton, down 2.67% from the price in early June; The price of praseodymium nd alloy was 576500 yuan / ton, down 3.51% from the price in early June; Praseodymium oxide price was 550000 yuan / ton, and the price of praseodymium oxide increased by 8.37% in June; The price of praseodymium was 675000 yuan / ton, up 6.11% in June, and the market trend of light rare earth in China fell.
The domestic rare earth market is weak and difficult to change. Some enterprises feedback that the overall transaction is not good, and the downstream permanent magnet manufacturers are not actively purchasing. However, the early stage manufacturers are active in stocking and the inventory in the field increases, which leads to the general low enthusiasm of the downstream replenishment, the prices of mainstream rare earth products have declined. Sales of new energy vehicles have slowed down, and the rare earth industry has been affected by a cooling. The main rare earth materials of high performance NdFeB are light rare earth, dysprosium oxide and terbium oxide. They are used in new energy vehicles, wind power, energy saving, frequency conversion air conditioning, traditional automobiles and other fields. According to statistics, the sales of new energy vehicles are still good. According to the data released by China Automobile Industry Association, in may2021, the sales volume of the automobile industry is estimated to complete 2.24 million vehicles, a 2.1% decrease on a month-on-year basis, an increase of 0.5% year on year; From January to may, the cumulative sales volume of the automobile industry is estimated to be 10.951 million, an increase of 37.6% year-on-year. Downstream procurement is not active, and the psychological resistance to high prices is serious. The market price of light rare earth has been falling down, and the market price of heavy rare earth has fallen accordingly.
According to the trend chart, the price trend of dysprosium system in China still declined, with dysprosium oxide price of 2.28 million yuan / ton as of 29 days, and 8.8% in June; Dysprosium ferroalloy price was 2.26 million yuan / ton, and the drop in June was 7.94%, dysprosium metal price was 3.25 million yuan / ton, and 4.58% in June; The domestic price of terbium system has fallen down correspondingly, the price of terbium oxide in China is 6.25 million yuan / ton, and the price of metal terbium is 8 million yuan / ton. There are few transactions in the domestic rare earth market. The upstream, middle and lower reaches are mainly on the lookout. Traders tend to buy under price, and the price of heavy rare earth market has fallen continuously. However, Myanmar is unstable in political situation and the global supply of rare earth is relatively concentrated, and Myanmar is one of the production areas next to the United States and the United States. Myanmar has a great influence on domestic heavy rare earth market products, with a large reduction in imported goods sources, and the market supply of heavy rare earth in the field is general, but the downstream conflict is serious, and the market price trend has declined slightly.
The recent notice on the implementation of industrial energy conservation supervision in 2021 emphasizes comprehensive sorting and investigation of key industry enterprises such as steel, nonferrous metal smelting, petrochemical industry and building materials, and special supervision on the implementation of mandatory energy consumption limit standards of unit products, and finally fully covers energy conservation supervision of key industry enterprises during the “14th five year plan”. Industry insiders believe that this reflects the government’s strengthening of the management and control of the rare earth industry, which is conducive to the healthy development of the industry. Since 2021, the rare earth products have been in an objective market, but the downstream businesses have been purchasing at a price, which has led to a fall in market prices.
The total control indexes of the first batch of rare earth mining and smelting separation increased significantly in 2021, which is related to the strong downstream demand. The Ministry of natural resources issued the total control index of rare earth mining in 2021, and the total control index of the first batch of rare earth ores (REO, the same below) in 2021 was 84000 tons, among which the ion type (mainly medium heavy rare earth) rare earth ore index was 11490 tons, The index of rock mineral type (light) rare earth ore is 72510 tons. The first batch of tungsten concentrate (tungsten trioxyte content 65%, the same below) has a total control index of 63000 tons, including 46890 tons of main production index and 16110 tons of comprehensive utilization index. In 2021, the total amount of rare earth and tungsten mines will be controlled continuously. The national policy is favorable, and some products in the rare earth market will be stable.
With the sustainable development of new energy vehicles, wind power and frequency conversion air conditioning downstream of rare earth, the demand has been supported. However, the domestic rare earth supply is normal. In addition, the trading in the later stage has improved, and some enterprises purchase increases. Chenling, an analyst at business society, expects the price of rare earth market to stop falling and warming in the short term.
