Today, the rare earth permanent magnet plate rose again, by the close of the day, Jiuwu Hi-Tech, Baotou Steel, Beijing Express, northern rare earths rose by the limit, Minmetals rare earths rose by more than 8%, Tongcheng new materials rose by more than 7%, and Jinli permanent magnet, Shenghe Resources and so on rose one after another.
Driven by strong downstream demand such as new energy, the prices of major rare earth products have risen rapidly since the beginning of July. Recently, the southern rare earths announced the listing price of heavy rare earth oxides on July 19, with the exception of oxidizing iron oxide, the price has been raised. Among them, the guidance price of terbium oxide was 7.2 million yuan / ton-7.3 million yuan / ton, an increase of 600000 yuan / ton compared with last week's guidance price. Dysprosium oxide index price was 2.55 million yuan / ton-2.6 million yuan / ton, up 130000 yuan / ton from last week's guidance price. On July 21, the spot price of SMM praseodymium and neodymium oxide was 596000 yuan per ton, up more than 25% in the past month.
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On the news side, according to SMM research, although the current situation of power cuts in various provinces is serious, it has little impact on the output of rare earths, and environmental inspectors have a greater impact on enterprises. The production of some rare earth smelting separation plants in Sichuan, Shandong and Guangdong has been reduced, and it is common to stop production for one month. In addition, affected by the epidemic, China suspended imports of rare earth minerals from Myanmar.
Citic Securities said that the rare earth industry chain allocation time has arrived, the rare earth sector may usher in the performance and valuation of Davis double-click, rare earth resources strategic value revaluation, continue to firmly recommend the rare earth industry chain strategic allocation value.
Soochow Securities also believes that rare earth prices hit bottom in June and ushered in a rebound for many days in a row. At the beginning of July, the stock of praseodymium and neodymium oxide in China was only 3550 tons, down nearly 20% from the beginning of the year, and was also a very low level in the past few years. With the price correction, the purchasing power of enterprise capital increases obviously, and the ability and demand of replenishing inventory are strong. Downstream demand, especially new energy vehicles, frequency conversion air conditioners and other sustained high prosperity, production and marketing are booming. Rare earth supply implementation quota system, the growth rate is limited, especially relative to the rapid growth of demand, the gap between supply and demand is difficult to alleviate in the short term. From the comprehensive analysis of various factors, it is concluded that the current round of price rise has a certain sustainability.
