After entering September, the rare earth product market has experienced active inquiries and increased trading volume, driving a slight increase in mainstream product prices this week. At present, the price of raw ore is firm, and the price of waste has also slightly increased. Magnetic material factories stock up as needed and place orders with caution. The mining situation in Myanmar is tense and difficult to improve in the short term, with imported mines becoming increasingly tense. The total control indicators for the remaining rare earth mining, smelting and separation in 2023 are expected to be issued in the near future. Overall, as the Mid Autumn Festival and National Day approaches, product prices are expected to steadily increase with increasing market demand and order volume.
Overview of Rare Earth Spot Market
This week’s rare earth spot market saw stable supply of rare earth products, increased activity among traders, and an overall upward shift in transaction prices. Entering the “Golden Nine Silver Ten” period, although downstream orders did not experience a surge in growth, the overall situation was better than in the first half of the year. A series of factors such as the increase in the listed prices of rare earths in the north and the obstruction of rare earth imports from Myanmar have played a certain role in boosting market sentiment. Metal enterprises mainly produce lanthanum cerium products through OEM processing, and due to an increase in orders, production of lanthanum cerium products has been scheduled for two months. The rise in rare earth prices has led to an increase in production costs for magnetic material enterprises. In order to reduce risks, magnetic material enterprises still maintain procurement on demand.
Overall, mainstream product prices remain stable, order volume maintains growth, and the overall market atmosphere is positive, providing strong support for prices. As the Mid Autumn Festival and National Day approaches, major manufacturers are increasing their inventory. At the same time, the new energy vehicle and wind power industries are driving an increase in terminal demand, and it is expected that the short-term trend will improve. In addition, the total control indicators for the remaining rare earth mining, smelting and separation in 2023 have not yet been announced, and the supply volume may have a direct impact on prices, which still requires close attention.
The above table shows the price changes of mainstream rare earth products this week. As of Thursday, the quotation for praseodymium neodymium oxide was 524900 yuan/ton, a decrease of 2700 yuan/ton; The quotation for metal praseodymium neodymium is 645000 yuan/ton, an increase of 5900 yuan/ton; The quotation for dysprosium oxide is 2.6025 million yuan/ton, which is the same as last week’s price; The quotation for terbium oxide is 8.5313 million yuan/ton, a decrease of 116200 yuan/ton; The quotation for praseodymium oxide is 530000 yuan/ton, an increase of 6100 yuan/ton; The quotation for gadolinium oxide is 313300 yuan/ton, a decrease of 3700 yuan/ton; The quotation for holmium oxide is 658100 yuan/ton, which is the same as last week’s price; The quotation for neodymium oxide is 537600 yuan/ton, an increase of 2600 yuan/ton.
Recent Industry Information
1,On Monday (September 11th) local time, Malaysian Prime Minister Anwar Ibrahim stated that Malaysia will establish a policy to ban the export of rare earth raw materials to prevent the loss of such strategic resources due to unrestricted mining and export.
2,According to statistics from the National Energy Administration, as of the end of August, the country’s installed power generation capacity reached 2.28 billion kilowatts, a year-on-year increase of 9.5%. Among them, the installed capacity of wind power is about 300 million kilowatts, an increase of 33.8% year-on-year.
3,n August, 2.51 million vehicles were produced, a year-on-year increase of 5%; 800000 new energy vehicles were produced, a year-on-year increase of 14% and a penetration rate of 32.4%. From January to August, 17.92 million vehicles were produced, a year-on-year increase of 5%; The production of new energy vehicles reached 5.16 million units, a year-on-year increase of 30% and a penetration rate of 29%.
Post time: Sep-18-2023