According to the monitoring of business agency, the price index of domestic rare earth market rose slightly this week, and the recent rare earth market rose slightly. Recently, the price trend of domestic praseodymium neodymium series was temporarily stable, and the price of heavy rare earth market rose. On January 17, the rare earth index was 852 points, the same as yesterday, down 14.80% from the highest point of 1000 points in the cycle (December 6, 2011), Compared with the lowest point of 271 on September 13, 2015, it increased by 214.39%. (Note: the period refers to the period from December 1, 2011 to now).

Recently, the market price of light rare earth in China has increased slightly, and the price of praseodymium neodymium in the mainstream rare earth market is mainly stable. In terms of products:

It can be clearly seen from the product price trend chart that the price trend of domestic metal neodymium and neodymium oxide is rising, and the price trend of praseodymium oxide, metal praseodymium, praseodymium neodymium alloy and praseodymium neodymium oxide is temporarily stable. On the whole, the price increase of domestic light rare earth market is slowing down. As of the 17th, the price of neodymium oxide in rare earths in China was 1.02 million yuan / ton, up 2.0% this week; The price of neodymium was 1.24 million yuan / ton, up 0.81% this week; The price of praseodymium oxide is 915000 yuan / ton, and the trend is temporarily stable this week; The price of praseodymium neodymium oxide is 900000 yuan / ton, and the price trend is temporarily stable; The price of praseodymium neodymium alloy is 1.095 million yuan / ton, which is flat this week; The price of metal praseodymium is 1.17 million yuan / ton, the price trend is temporarily stable, and the domestic rare earth market rises slightly.

The domestic rare earth market price rose slightly. On the one hand, the policy was favorable and the supply of electric coal was tight in winter. In addition, in the early stage, the Ministry of industry and information technology issued the motor energy efficiency improvement plan to encourage the development of energy-saving rare earth motors to replace traditional industrial motors and respond to the call for energy conservation and emission reduction. Affected by the news, the price trend rose. On the other hand, there is little change in the supply and demand structure, the demand for high-end magnetic materials is normal, the proportion of frequency conversion air conditioners in domestic household appliances continues to increase, the penetration rate of Nd-Fe-B continues to increase, and the demand side has increased. In addition, the demand for permanent magnet has increased significantly, the rapid development of new energy industry has driven the development of many industries, and the upstream material rare earth permanent magnet has also caught the “express train”. The sales of new energy vehicles are normal. The demand for rare earth is at a high level, and the price of rare earth oxide is at a high level. When there is no lock order, the rare earth metal factory mainly focuses on waiting and watching, and the procurement is more cautious. However, the recent downstream procurement is more cautious, and the price increase of light rare earth market is limited.

The national environmental protection supervision is still continuing. Rare earth is in the traditional peak demand season. Superimposed on the launch expectations of relevant policies of the rare earth industry, supply and demand are expected to resonate with policies, and the rare earth market continues to rise. In addition, the inventory of neodymium praseodymium oxide has been at a low level, the shippers have a low willingness to ship, have a strong wait-and-see mood, and the on-site price remains high. According to statistics, the demand for new energy vehicles has increased. According to the data released by China Automobile Industry Association, the sales volume of new energy vehicles reached a new high in November. The production and sales of new energy vehicles reached 518000 and 531000 respectively, with a year-on-year increase of 1.2 times and 1.1 times respectively, and the market penetration rate was 19.1%. Driven by both market and policy, the demand market for vehicle gauge semiconductors broke out in an all-round way. Recently, the demand in the field of new energy is high, and the price trend of domestic light rare earth market is stable. Driven by the demand for neodymium, iron and boron, the domestic heavy rare earth market price remained high, and the price rose slightly this week.

It can be seen from the trend chart that the price of dysprosium Series in China rose slightly. As of the weekend, the price of dysprosium oxide was 3 million yuan / ton, an increase of 1.01% this week; The price of dysprosium ferroalloy was 2.98 million yuan / ton, up 1.02% this week; The price of dysprosium metal was 3.8 million yuan / ton, which rose by 1.33% this week. The price of terbium in China rose, the price of terbium oxide in China was 13 million yuan / ton, and the price of metal terbium was 15.25 million yuan / ton. The price trend of heavy rare earth is rising, the transaction market of domestic rare earth market is acceptable, and the leading magnetic material factory purchases actively, which makes the price of domestic heavy rare earth market higher. In the early stage, affected by the rainy season and epidemic situation, the rare earth supply in Myanmar is disturbed. In the later stage, the war in Myanmar starts again, and the supply disturbance is further aggravated. The global rare earth supply is relatively concentrated. Myanmar is one of the production areas second only to China and the United States. Myanmar has a great impact on the products in the domestic heavy rare earth market. Recently, the on-site procurement is active, the stock mood is high, and the on-site heavy rare earth price trend is rising.

In addition, with the support of national policies, Wang Jiangping, Vice Minister of the Ministry of industry and information technology, pointed out in early July that the regulations on the administration of rare earth will be introduced as soon as possible. We expect that the regulations will be introduced with a high probability within this year, and the national level legislation will regulate the high-quality development of the rare earth industry. Industry insiders believe that this reflects the strengthening of government control over the rare earth industry, which is conducive to the healthy development of the industry. Since 2021, the accelerated promulgation of the regulations on the administration of rare earth will, on the one hand, make the industry have laws to abide by and promote the rare earth industry chain to embark on the road of virtuous circle development; On the other hand, it reflects China’s determination to strictly control the supply order of rare earth and support the price of rare earth as an important strategic resource. The overall demand for rare earth products has increased, and the price of domestic rare earth market has increased.

With the sustainable development of new energy vehicles, wind power and variable frequency air conditioning in the downstream of rare earth, the demand continues. In addition, the domestic supply of rare earth is still tight and the inventory continues to decline. The recent on-site transaction market is OK. However, with the advent of the festival, some downstream began to have holidays, and the purchasing sentiment has dropped, Chen Ling, an analyst at business society, expects that the price trend of rare earth market will be stable in the later stage.