SunSirs: Positive Stacking, China’s Rare Earth Market is Booming across the Board

　　The price trend of China’s praseodymium and neodymium rare earths has risen sharply, and the market prices of heavy rare earths have risen accordingly. According to the rare earth sector index of the Business Society, the BPI of the bulk commodity price index on July 19 was 1080 points, a record high in the cycle, compared with February 2016 The lowest point on the 3rd of 660 points increased by 63.64%. (Note: Period refers to 2011-12-01 to present).

　　Recently, the domestic rare earth prices have risen sharply, and the prices of mainstream commodities in the rare earth market have increased to varying degrees recently. The market trend of rare earths has improved. Specific to the product:

　　The prices of mainstream products such as neodymium oxide, metal neodymium, neodymium praseodymium oxide, neodymium praseodymium alloy, praseodymium oxide and metal praseodymium have all increased. As of July 20, the price of neodymium oxide in the domestic rare earth is 585,000 yuan/ton; the price of neodymium metal is 715,000 yuan/ton; neodymium praseodymium oxide is 600,000 yuan/ton; the price of praseodymium neodymium alloy is 745,000 yuan/ton; the price of metal praseodymium is 725,000 yuan/ton; the price of praseodymium oxide is 580,000 yuan/ton. Products have risen to varying degrees. In July, the domestic light rare earth market continued to rise, and the market improved.

　　The domestic rare earth market continues to rise, the structural inflection point of supply and demand is coming, the demand for high-end magnetic materials is increasing, and the profit margin of the rare earth industry chain is opening up. In the near future, China’s rare earth quotas on the supply side may be steadily increased. With the optimization of supply rigidity, and the implementation of new energy efficiency standards, the penetration rate of NdFeB for domestic home appliances inverter air conditioners continues to increase, and the demand side is expected to continue to rise. The sales of new energy vehicles are relatively normal, and the demand for rare earths is at a high level. The main rare earth materials of high-performance NdFeB are light rare earth praseodymium and neodymium oxide, heavy rare earth dysprosium oxide and terbium oxide, which are used in new energy vehicles, wind power, energy-saving inverter air conditioners, traditional automobiles and other fields. According to statistics, the sales of new energy vehicles are still good. According to the data released by the China Association of Automobile Manufacturers, the China Association of Automobile Manufacturers (hereinafter referred to as “China Automobile Association”) announced the latest production and sales data. In June, domestic automobile production and sales reached 1.943 million and 2.015 million respectively. The number of vehicles decreased by 4.8% and 5.3% month-on-month and 16.5% and 12.4% year-on-year. The downstream demand is acceptable in the near future, and the market price of light rare earths continues to rise.

　　As of the 20th, the price of dysprosium oxide was 2.575 million yuan/ton; the price of dysprosium ferroalloy was 2.515 million yuan/ton, the price of dysprosium metal was 3.375 million yuan/ton, the domestic price of terbium series rose sharply, and the domestic terbium oxide price was 7.6 million yuan/ton. , The price of terbium metal is 9.4 million yuan/ton. The domestic rare earth market transactions have improved, the leading magnetic material factory continues to expand, and the demand for replenishment has made the domestic heavy rare earth market prices pick up. In addition, Myanmar is banned from exports. The global rare earth supply is relatively concentrated. Myanmar is one of the production areas second only to China and the United States. . The Myanmar side has a greater impact on the domestic heavy rare earth market products, and the source of imported goods has been greatly reduced. The supply of the heavy rare earth market on the market is generally normal. Recently, downstream purchases have been active and the market price trend has increased.

　　The recent “Notice on the Implementation of Industrial Energy Conservation Supervision in 2021” emphasizes the comprehensive investigation of key industries such as iron and steel, non-ferrous metal smelting, petrochemical chemicals, building materials and other key industries, and launches special monitoring of the implementation of mandatory unit product energy consumption quota standards, which is finally realized During the “14th Five-Year Plan” period, the energy conservation supervision of key industries and enterprises will be covered. In addition, Wang Jiangping, vice minister of the Ministry of Industry and Information Technology, said at a video conference on industrial and information system industrial policies and regulations that he will focus on optimizing the development environment of industry enterprises, accelerate the legislation of the Telecommunications Law, and promote the introduction of the “Rare Earth Regulations” as soon as possible. Industry insiders believe that this reflects that the government is strengthening the control of the rare earth industry, which is conducive to the healthy development of the industry. Since 2021, the accelerated promulgation of the “Regulations on Rare Earth Management” will enable the industry to have laws to follow on the one hand, and promote the development of the rare earth industry chain on the path of a virtuous cycle; on the other hand, it reflects the importance of my country’s strict control of rare earth supply order and support. The determination to sell rare earths of strategic resources at a “rare” price, the overall demand for rare earth products is acceptable, and the recent increase in downstream demand, frequent replenishment phenomena, and rising domestic rare earth market prices.

　　With the sustainable development of new energy vehicles, wind power, and inverter air conditioners downstream of rare earths, the demand side continues. In addition, the domestic rare earth supply is under normal operation. Recently, on-site transactions have increased and purchases have been active. Chen Ling, an analyst from the business agency, predicts the future market price of rare earths Or will maintain the upward trend.