SunSirs: Poor Domestic Light Rare Earth Market Demand
February 16 2023 14:17:22
The latest price of praseodymium metal (February 15): 895000 RMB/ton will be bearish in the future
Key points of analysis: the domestic light rare earth market inquiry is cold, the demand is poor, the downstream magnetic material enterprises have sufficient stock before the festival, the downstream enterprises mainly digest the inventory, the metal demand in the rare earth market has not improved, some metal factories have almost no deal, and the transaction situation of rare earth oxide inquiry is not optimistic, and the prices of the holders continue to decline. In the near future, the downstream procurement is very cold, coupled with the gradual resumption of production enterprises, the supply of light rare earth market is increasing, and the negative factors are superimposed, and the domestic light rare earth market price is mainly declining.
Aftermarket forecast: the rare earth downstream businesses purchase coldly, coupled with the increase of upstream supply, the contradiction between supply and demand is sharp, and the transaction is very cold. In the short term, the price of rare earth market is mainly declining. In the long term, the new energy vehicles, wind power, and variable frequency air conditioning fields in the downstream of rare earth are sustainable development, and the demand in the new energy field is still guaranteed, and the development of rare earth industry is optimistic.
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