According to the monitoring of the business agency, the price index of the domestic rare earth market rose sharply. The domestic praseodymium and neodymium series rare earth showed an eye-catching performance. The market price of terbium rose to a record high in eight years. According to the rare earth plate index of the business society, the rare earth index on November 24 was 404 points, up 15 points compared with yesterday, and decreased by 59.60% compared with the highest point of 1000 points in the cycle (2011-12-06) , up 49.08% from 271, the lowest point on September 13, 2015. (Note: period refers to 2011-12-01 to now).

It can be clearly seen from the rare earth index chart that the domestic rare earth price has been rising since the end of October. The rare earth price has risen from 354 points to 404 points, with an overall increase of 14.1%. Recently, the rare earth market has undergone frequent changes. The market price has experienced a small rise one day and a big rise in three days. In terms of products:

From the product price trend chart, it can be clearly seen that the domestic prices of praseodymium and neodymium oxide, praseodymium neodymium alloy, neodymium oxide and metal neodymium have increased significantly. As of November 24, the price of praseodymium and neodymium oxide in China was 422500 yuan / ton, with an increase of 29.40% in one month; the price of praseodymium and neodymium alloy was 527500 yuan / ton, with an increase of 27.42% in one month; the price of neodymium oxide was 462500 yuan / ton, The price of neodymium is 567500 yuan / ton, which is up 28.98% in one month. The price of praseodymium oxide and praseodymium metal also rises correspondingly, but the price of neodymium series rises by about 30%.

In recent years, the domestic production of new energy vehicles has increased significantly, coupled with the rapid development of wind power, electronic products and other terminal industries. With the slowing down of the epidemic situation, the capacity utilization rate of downstream manufacturers will continue to warm up, and the demand for NdFeB will continue to increase. However, the domestic supply side is still in the contraction situation, and the supply and demand side is seriously unbalanced, resulting in the crazy price rise of domestic neodymium market. In recent years, the demand and stock up situation of permanent magnet manufacturers is more positive. Due to the increase of overseas demand, however, with the formal entry into force of the “export control law of the people’s Republic of China” on December 1, the market expects that China’s rare earth export will further shrink, and the global supply of rare earth may further shrink. At that time, the supply of rare earth will become more tense, which will promote the price of domestic market to further rise. Compared with the market price of neodymium series, the domestic heavy rare earth market price also has a corresponding rise, dysprosium terbium series market is still the model of heavy rare earth market.

It can be seen from the trend chart that the trend of the domestic legitimate price in one month is still rising. As of 24 days, the price of dysprosium oxide is 1.79 million yuan / ton, with an increase of 9.15%; the price of dysprosium ferroalloy is 1.78 million yuan / ton, with a trend of 9.54% in one month. However, the domestic price of terbium series has risen sharply. On the 24th, the domestic price of terbium oxide is 6.05 million yuan / ton, and the price of metal terbium is 7.65 million yuan / ton Prices rose to an eight year high. The domestic rare earth purchase and storage plan is a good support for domestic heavy rare earth prices. In the plan, medium and heavy rare earth accounts for a large proportion of the annual output, which is expected to have a great impact on the supply and demand and price of medium and heavy rare earth. In addition, Myanmar’s customs clearance still has a tight impact on the domestic import and supply of medium and heavy rare earth. However, the downstream demand is positive, and the price of heavy rare earth market is rising due to the terbium market Due to tight supply and imbalance between supply and demand, domestic heavy rare earth market prices are expected to continue to rise.

Under the new situation, the strategic value of rare earth is expected to continue to increase. The United States, Japan and Europe and the United States have made corresponding plans to include rare earth in the national strategic resource reserve plan. The advantages of rare earth strategic resources are prominent. China is a large rare earth reserve country, and its rare earth reserves account for 37% of the world. At the same time, China is also a major rare earth export country. The state has made corresponding adjustments to the development of rare earth industry, and the rare earth industry is moving towards high quality The development and favorable policies support the development of rare earth industry, and the price trend of domestic rare earth market is strong.

Recently, the domestic demand for rare earth has increased, but the domestic supply of rare earth is still tense. The imbalance between supply and demand has led to a sharp rise in the price of domestic rare earth market. As the overseas demand for rare earth has increased compared with the previous period, and the domestic and foreign markets are favorable, business analysts predict that the market price of rare earth will continue to rise in the future.