According to the monitoring of the Business News Agency, the price index of the domestic rare earth market is mainly stable, while the domestic rare earth market is weak and stable. The rare earth index was 673 points on January 15, down 33.17% from the peak of 1007 points (2022-02-24) in the cycle, and up 148.34% from the lowest point of 271 points on September 13, 2015. (Note: the period refers to 2011-12-01 to now).
The price of neodymium oxide, metal neodymium oxide, praseodymium oxide and metal praseodymium oxide in China is stable, and the price of praseodymium neodymium oxide and metal praseodymium neodymium rose slightly. As of the 16th, the price of metal praseodymium neodymium was 877500 yuan/ton, up 0.29% this week; The price of praseodymium and neodymium oxide was 720000 yuan/ton, up 0.35%; The price of neodymium oxide is 790000 yuan/ton, which is stable; The price of neodymium metal is 967500 yuan/ton, and the price trend is temporarily stable; The price of praseodymium metal is 935000 yuan/ton, and the price trend is temporarily stable; The price of praseodymium oxide was 705000 yuan/ton, and the price trend was stable this week.
The domestic light rare earth market inquiry list is cold, and the downstream magnetic material enterprises have basically completed the stock preparation before the festival, and have started to take holidays. In addition, the logistics has been suspended in succession, the demand of the downstream magnetic material enterprises is weakening, and the production enterprises are in general condition. Recently, the downstream purchasing sentiment has weakened, resulting in the scarcity of orders, and the domestic light rare earth market price is mainly stable.
The price of domestic heavy rare earth dysprosium series fell slightly, and the price of dysprosium oxide was 2.455 million yuan/ton as of the 16th, and the price fell by 1.80% this week; The price of dysprosium ferroalloy was 2.45 million yuan/ton, down 1.41%; The price of dysprosium metal is 3.21 million yuan/ton, and the price trend is temporarily stable; The price of domestic terbium is mainly stable. The price of domestic terbium oxide is 13.9 million yuan/ton, and the price of metal terbium is 17.55 million yuan/ton. The price of heavy rare earth decreased slightly. The stock of raw materials of separation enterprises in the areas where rare earth mines are used in Sichuan and other places increased, the production enterprises started normally, the downstream procurement was scarce, and the market price declined slightly. However, Myanmar’s exports are limited, and the global supply of rare earth is relatively concentrated. Myanmar is one of the production areas next only to China and the United States. Myanmar has a great impact on the products in the domestic heavy rare earth market, and the price decline in the heavy rare earth market is limited.
According to the data released by the China Association of Automobile Manufacturers, in December 2022, China’s automobile production and sales were 2.383 million and 2.556 million, respectively, with a month-on-month decline of 0.3% in production and a month-on-month increase of 9.7% in sales, and a year-on-year decline of 18.2% and 8.4% respectively. Among them, the production and sales of new energy vehicles reached 795000 and 814000 respectively, up 51.8% year on year. The production and sales of new energy vehicles have increased, the demand in the new energy field is still supported, and the domestic rare earth market price trend is stable.
The new energy vehicles, wind power and variable frequency air conditioners in the downstream of the rare earth industry are sustainable development. Recently, the downstream businesses have gradually taken a holiday. In the short term, the price of the rare earth market is mainly stable. In the long term, the demand for rare earth is still guaranteed, and the development of the rare earth industry is optimistic.