Last week (January 4-7), the rare earth market ushered in the first red of the new year, and the mainstream products increased by different ranges. Light rare earth praseodymium neodymium continued to rise strongly last week, while heavy rare earth dysprosium terbium high relay and gadolinium holmium reached a new high over the years. This week, the bullish mentality in the industry was unified, the procurement took the initiative to buy up and followed up, and the overall transaction heat of the market increased rapidly. After new year’s day, the financial pressure of enterprises has eased. In addition, the logistics will be shut down and limited during the Spring Festival, and the trading of upstream and downstream enterprises is heating up rapidly
At high prices, the demand for praseodymium and neodymium is higher than expected. At the same time, the market is full of expectation and speculation for the listing of rare earths in the north next week. Before the festival, due to the temporary blockade of Myanmar, there were certain pulling factors in rare earth, the quotation was falsely high, and the price hovered due to the lack of procurement support in the downstream. After new year’s day, the transaction of praseodymium and neodymium began to adjust to a high level, constantly catching up with and surpassing the previous high level, the downstream magnetic materials just needed to be prepared, and the substantive signing price of dysprosium iron and other rare earth materials moved up.
At present, driven by the rising enthusiasm for goods preparation at all ends of the industrial chain, the cash transaction price has soared, and the proportion has also increased compared with the transaction in the accounting period. The supplier’s competition situation mainly tends to be in the payment nodes and methods. Under the two-way effect of supply and demand, the risk of continuous rise of praseodymium and neodymium price also increases. At present, the rise of rare earths is supported by demand. However, the demand is more stimulated by economic and policy inclination, and is closely related to the big inflation and “double carbon” background in the global post epidemic era.
Judging from the current rising enthusiasm, at present, the raw material procurement at the end of each industrial chain faces great risks. The unreasonable growth rate has seriously damaged the normal goods preparation and production at the upstream and downstream. At the same time, neodymium iron boron enterprises are also hesitant to place orders at the downstream. Although the price of magnetic steel increases with a high probability, some orders are lost at the same time, The rapid rise will often shorten the upward time of the market and affect the development of the industrial chain.
Post time: Mar-09-2022