From the trend chart, it can be seen that the domestic price of Dy 2.31 million yuan / ton, Dy 2.29 million yuan / ton, Dy 2.775 million yuan / ton, and TB 2.825 million yuan / ton in the domestic market.
There are several reasons for the sharp rise of domestic heavy rare earth market prices. First, Myanmar’s political situation is turbulent, and the global rare earth supply is relatively concentrated. Myanmar is one of the production areas next only to China and the United States. Myanmar has a great influence on the domestic heavy rare earth market products. The import source has decreased significantly. The sharp contradiction between supply and demand in the domestic heavy rare earth market has led to a sharp rise in the price of heavy rare earth. Second, the domestic rare earth purchase and storage plan is a good support for domestic heavy rare earth prices. In the purchase and storage plan, medium and heavy rare earth accounts for a large proportion of annual output, which is expected to have a greater impact on the supply, demand and price of medium and heavy rare earth. Third, in recent years, the downstream demand has been rising, the application of new energy has been growing rapidly, and the demand for permanent magnet has increased significantly, which has brought the greatest positive support to the heavy rare earth market. The price of heavy rare earth market has been rising continuously. Due to the tight supply of terbium market and the imbalance between supply and demand, the price of terbium market has reached a high level.
According to the monitoring of the business society, the price index of the domestic rare earth market rose. According to the rare earth plate index of the business society, the rare earth index on February 1 was 473 points, which was the same as yesterday. Compared with the highest 1000 points in the cycle (2011-12-06), it decreased by 52.70%, and increased by 74.54% compared with the lowest 271 points on September 13, 2015. (Note: period refers to 2011-12-01 to now).
The domestic rare earth index began to rise in November 2020. In the past three months, the rare earth index of business community has risen by about 100 points, and the price trend of domestic light rare earth market can not be ignored. Domestic sales of new energy vehicles have increased, and terminal industries such as wind power and electronic products have developed rapidly. As the epidemic situation slows down, the capacity utilization rate of downstream manufacturers continues, and demand is mainly based on demand procurement. The demand for NdFeB is still high. The high prosperity of new energy vehicles and consumer electronics industry also promotes the rise of rare earth prices. According to the data, the global demand for high-performance NdFeB is mainly concentrated in the automotive sector (nearly 40% for traditional vehicles and 12% for new energy vehicles), while the rest, such as wind power, consumer electronics, variable frequency air conditioning and energy-saving electrical appliances, account for 8% – 10%. Downstream demand rose, and domestic light rare earth market prices continued to rise. Recently, the price of terbium Series in domestic heavy rare earth market has reached a 10-year high, and the price of its own series continues to rise.
On January 15, 2021, the Ministry of industry and information technology openly solicited opinions on the rare earth management regulations (Draft), releasing the signal of standardizing the management of the rare earth industry and promoting the high-quality development of the industry. There are 29 pieces in the draft, which clarify the division of responsibilities of rare earth management, the approval system of rare earth mining and smelting separation investment projects, and the total amount index management system. It also emphasizes strengthening the management of the whole industry chain of rare earth, strengthening supervision and management. The state has made corresponding adjustments to the development of rare earth industry. The rare earth industry is developing towards high quality, and the policies are favorable to support the development of rare earth industry The local market price rose sharply.
With the continuous volume of new energy vehicles, wind power and variable frequency air conditioning in the downstream of rare earth, the demand for rare earth will continue to increase, which is expected to drive the further growth of demand. The global supply gap of rare earth is expected to continue to expand, the domestic demand for rare earth will remain high, the domestic supply of rare earth is still tight, and the contradiction between supply and demand in the rare earth market is sharp. Business analysts expect the price of rare earth market in the later period Or will continue to rise.
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