Weak downstream demand, rare earth market difficult to improve

Up to now, the prices of several major rare earth products have remained basically stable. The mainstream market prices of praseodymium and neodymium oxides and metals are respectively 223000 yuan / ton ~ 228000 yuan / ton and 295000 yuan / ton ~ 300000 yuan / ton, which is about 5000 ~ 7000 yuan / ton lower than that in early August. The mainstream market prices of dysprosium oxide, terbium oxide and europium oxide were 1230 yuan / kg ~ 1250 yuan / kg, 2400 yuan / kg ~ 2600 yuan / kg and 870 yuan / kg ~ 930 yuan / kg, respectively. Compared with the beginning of August, the mainstream prices of dysprosium oxide, terbium oxide and europium oxide decreased by 1.6%, 11.1% and 11.2% respectively. The prices of praseodymium oxide, neodymium oxide, yttrium oxide and erbium oxide also decreased to varying degrees, but the decline was not large. Neodymium oxide and yttrium oxide were about 6%, while praseodymium oxide and erbium oxide were about 1.5% and 4.5% respectively.

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at present, the rare earth resources tax levy has changed from specific tax to ad valorem levy. After that, the northern mine still has a profit margin, and the current price can be basically affordable by the northern rare earth enterprises. However, the southern ion type rare earth is hard to bear, especially when the prices of several major products, such as yttrium, europium, dysprosium and terbium, have fallen so sharply.

according to the relevant data, at present, the private rare earth mines are still relatively serious, and the quantity is relatively large. It is understood that the price of private mines in the market is more than 70000 yuan / ton, and the production cost is also 70000 yuan /The profit has been very low, but with the national crackdown on illegal activities such as illegal mining and mining, the risk of private mining is also increasing. Some people may reduce the mining of private mines, so the supply of rare earth mines will be reduced, and the imbalance between supply and demand of rare earth industry will be eased. At the same time, the promotion and application of downstream products will be increased With the increase of demand, the price of rare earth products may return to a reasonable level, and the rare earth industry will also step into a healthy development path. However, it will take a long time. The current situation of rare earth industry is not very optimistic.

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in August, the demand situation of rare earth market has not shown obvious signs of recovery, especially the neodymium iron boron industry, as the largest downstream application field of rare earth, has been very weak, and the orders and production situation of most small and medium-sized enterprises with huge production capacity are even worse. According to the past experience, generally, the NdFeB Market will improve in September and October, and the downstream orders will also increase. Accordingly, after September and October, the rare earth market may rebound, but the rebound is likely to be staged and difficult to maintain for a long time. In order to fundamentally change this situation, we must strictly curb the illegal mining and expand the scope In large application fields, maintaining the balance of supply and demand is the fundamental way.

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