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SunSirs: After New Year's Day, Chinese Rare Earth Industry Ushered in a ‘Good Start’
January 19 2021 08:53:17(Linda)

According to SunSirs monitoring, the price index of the domestic rare earth market has risen sharply. The domestic price of praseodymium and neodymium series rare earths continues to rise, and the terbium series market prices have risen to a 10-year high. The domestic rare earth market prices are rising step by step. According to the rare earth sector index of the business community, January 17 The daily commodity price index BPI was 895 points, which was the same as yesterday. It was 12.17% lower than the cycle high of 1019 points (2012-04-10) and 35.61% higher than the lowest point of 660 points on February 3, 2016. (Note: The period refers to 2011-12-01 till now).

The domestic prices of neodymium praseodymium oxide, neodymium praseodymium alloy, neodymium oxide, metal neodymium, praseodymium oxide and praseodymium metal continued to rise. As of January 18, the domestic rare earth neodymium praseodymium oxide price was 442,500 yuan/ton, an increase of 7.93% in January; the price of praseodymium neodymium alloy is 552,500 yuan/ton, an increase of 8.33% in half a month; the price of neodymium oxide is 552,500 yuan/ton, and the increase in January is 8.23%; the price of neodymium metal is 667,500 yuan/ton, half a month The monthly increase was 7.23%; the price of praseodymium oxide was 387,500 yuan/ton, which was 9.93% in January; the price of metal praseodymium was 615,000 yuan/ton, which was 6.96% in January. The domestic light rare earth market prices have risen sharply.

Recently, the sales of new energy vehicles in China have increased, and terminal industries such as wind power and electronic products have developed rapidly. As the epidemic slows down, the capacity utilization rate of downstream manufacturers continues, and the demand for procurement is mainly on-demand. The demand for neodymium iron boron is still high. The boom in the consumer electronics industry has also boosted the price of rare earths. Data shows that the current global demand for high-performance NdFeB is mainly concentrated in the automotive sector (traditional cars are close to 40%, and new energy vehicles account for more than 12%). The rest are wind power, consumer electronics, inverter air conditioners, and energy-saving appliances. All are in the 8%-10% range. At present, the application of rare earth neodymium iron boron permanent magnet materials in the automotive field mainly includes new energy drive motors and traditional auto parts micro motors. In terms of sales volume, new energy vehicles hit a new high. On January 13, the China Automobile Association released data showing that China's vehicle sales in 2020 will reach 25.311 million. Among them, sales of new energy vehicles reached 1.367 million, breaking historical records. The downstream demand is rising, and the domestic light rare earth market prices continue to rise. Recently, the price of terbium series in the domestic heavy rare earth market has reached a 10-year high, and the price of direct series has continued to rise.

The price of domestic direct line rose in January. As of the 18th, the price of dysprosium oxide was 2.085 million yuan/ton, a half-month increase of 7.47%; the price of dysprosium ferroalloy was 2.06 million yuan/ton, which rose 7.29% in January, and the domestic terbium price On the 18th, the domestic price of terbium oxide was 8.65 million yuan/ton, the price of metal terbium was 10.95 million yuan/ton, and the price of terbium series rose to a new high in 10 years. The domestic rare earth purchase and storage plan is a big benefit to support domestic heavy rare earth prices. The medium and heavy rare earths in the purchase and storage plan account for a large proportion of the annual output, which is expected to have a greater impact on the supply and demand and prices of medium and heavy rare earths. In addition, Myanmar’s customs clearance still affects the country. The import supply of medium and heavy rare earths in China has been affected by the tightening, coupled with the recent continuous increase in downstream demand, the price of the heavy rare earth market has risen. Due to the tight supply in the terbium market and the imbalance between supply and demand, the market price of terbium has continued to rise.

On January 15, 2021, the Ministry of Industry and Information Technology publicly solicited opinions on the 'Regulations on Rare Earth Management (Draft for Solicitation of Comments)', releasing signals for regulating the management of the rare earth industry in my country and promoting the high-quality development of the industry. There are 29 drafts for comments, clarifying the division of responsibilities for rare earth management, the approval system for rare earth mining, smelting and separation investment projects, and the total index management system, etc., and emphasizes strengthening the management of the entire industry chain of rare earths, strengthening supervision and management, and the state's efforts to develop the rare earth industry With corresponding adjustments, the rare earth industry is developing in a high-quality direction, favorable policies support the development of the rare earth industry, and the domestic rare earth market prices have risen sharply.

The recent overseas economic recovery, especially the recovery of advanced manufacturing, is expected to drive further demand growth. Domestic rare earth demand remains high, domestic rare earth supply is still tight, and the contradiction between supply and demand in the rare earth market is acute. SunSirs analysts expect rare earth market prices to continue in the future rise.

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