According to the monitoring of the business community, the price index of the domestic rare earth market has not changed much, and the domestic rare earth market is mainly stable. On November 20, the rare earth index was 628 points, unchanged from yesterday, 37.64% lower than the cycle’s highest point of 1007 points (2022-02-24), and 131.73% higher than the lowest point of 271 points on September 13, 2015. (Note: the cycle refers to the period from December 1, 2011 to the present).

The prices of domestic metal praseodymium, neodymium oxide, praseodymium oxide, praseodymium neodymium alloy and praseodymium neodymium oxide have not changed much, and some prices have declined slightly. As of the 21st, the price of praseodymium and neodymium metal was 787500 yuan/ton, up 0.32% this week; The price of praseodymium neodymium oxide is 650000 yuan/ton, up 0.39% this week; The price of neodymium oxide is 720000 yuan/ton, which is stable; The price of neodymium metal is 905000 yuan/ton, and the price trend is stable; The price of praseodymium metal is 905000 yuan/ton, which is stable this week; The price of praseodymium oxide was 665000 yuan/ton, with a slight decrease of 1.48%%.

The circulation of light rare earths in China has decreased, the inventory of enterprises is overstocked, and the downstream inquiry list is cold. The procurement is poor, and the market situation of light rare earths is weak. The supply of light rare earths is mainly concentrated in Inner Mongolia. Due to the limited transportation in Baotou and other regions, the manufacturer’s shipment is limited, and the production of enterprises is relatively normal, but the transportation is relatively difficult, and the spot supply has decreased. Recently, the inventory of downstream magnetic material merchants still exists, and some manufacturers mainly digest the inventory. The purchasing mood is not good, resulting in the scarcity of orders, dealers’ difficulty in shipping, and the rare earth market remains weak.

The price of dysprosium series of heavy rare earth in China rose slightly. As of the 21st, the price of dysprosium oxide was 2.3 million yuan/ton, up 1.77% this week; The price of dysprosium ferroalloy was 2.285 million yuan/ton, with a 1.56% increase; The price of dysprosium metal was 2.97 million yuan/ton, up 1.02%; The domestic price of terbium has declined slightly. The domestic price of terbium oxide is 13.1 million yuan/ton, and the price of metal terbium is 16.45 million yuan/ton. The price of heavy rare earth is mainly stable. The raw material inventory of separation enterprises in the regions where rare earth mines are used in Sichuan and other regions is reduced. Production enterprises are gradually starting to work. The supply of heavy rare earth is increased. The price of heavy rare earth has not changed much. However, Myanmar’s exports are limited, and the global supply of rare earths is relatively concentrated. Myanmar is one of the production areas next to China and the United States. Myanmar has a great influence on the domestic heavy rare earth market products, and the market price of heavy rare earth remains high.

According to the data released by the China Association of Automobile Manufacturers, the production and sales of automobiles in China will reach 2.599 million and 2.505 million respectively in October 2022, up 11.1% and 6.9% year on year. Among them, the production and sales of new energy vehicles reached 762000 and 714000 respectively, with year-on-year growth of 87.6% and 81.7%, and the market share reached 28.5%. The production and sales of automobiles rose, the demand in the new energy field was still supported, and the decline in the domestic rare earth market was limited.

The new energy vehicles, wind power and variable frequency air conditioners in the downstream of rare earths are in sustainable development. In the short term, the epidemic situation in some regions is repeated, the downstream procurement is limited, and the orders of magnetic material manufacturers are poor. The downstream businesses mainly digest the inventory. Chen Ling, an analyst of the business community, expects that the rare earth market is weak and difficult to change. In the long run, the demand for rare earths is still guaranteed, and there is no lack of the possibility of recovery.