SunSirs: The Market Price of Rare Earth Mainly Fell
February 24 2023 10:56:57The latest price of neodymium metal (February 23): 915000 RMB/ton is bearish in the future
Key points of analysis: the price of praseodymium metal on February 22 fell by 1.08% compared with the previous trading day. The domestic light rare earth market inquiry is cold and the demand is poor. The downstream magnetic material enterprises mainly digest the inventory. The metal demand situation in the rare earth market has not improved. Some metal factories have almost no transactions. In addition, the transaction situation of the 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. The purchase of rare earth downstream businesses is cold, coupled with the increase of upstream supply, the contradiction between supply and demand is acute, and the transaction is very cold.
Future forecast: the price of rare earth market will fall mainly in the short term. In the long term, the new energy vehicles, wind power and variable frequency air conditioning in the downstream of rare earth will continue to develop. The demand in the new energy field will still be guaranteed, and the development of rare earth industry will be optimistic.
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