According to the monitoring of the business community, the price index of the domestic rare earth market rose in September, and the market of the domestic rare earth industry stopped falling and rebounded. On September 29, the rare earth index was 664 points, unchanged from yesterday, down 34.06% from the peak of 1007 points (2022-02-24) in the cycle, and up 145.02% from the lowest point of 271 points on September 13, 2015. (Note: the cycle refers to the period from December 1, 2011 to the present).

The price trend of products in the domestic light rare earth market rose, and the price of praseodymium neodymium series in the light rare earth market rose. In terms of products:

It can be seen from the product price trend chart that the prices of domestic metal neodymium, metal praseodymium, neodymium oxide, praseodymium oxide, praseodymium neodymium alloy and praseodymium neodymium oxide have increased to varying degrees. As of the end of the month, the price of neodymium oxide in domestic rare earths was 755000 yuan/ton, with a monthly price increase of 15.27%; The price of neodymium metal was 920000 yuan/ton, up 7.60%; The price of praseodymium oxide is 745000 yuan/ton, with a monthly increase of 12.03%; The price of praseodymium neodymium oxide was 672500 yuan/ton, with a monthly increase of 9.35%; The price of praseodymium neodymium alloy was 815000 yuan/ton, up 9.03%; The price of praseodymium metal is 995000 yuan/ton, with the monthly price rising 5.29%. Recently, the price of rare earth industry rebounded.

The price trend of the domestic rare earth market rose. The downstream magnetic material factories continued to replenish their stocks before the National Day holiday. In addition, the rare earth industry gradually entered the peak season, and some downstream businesses started to stock up. The demand increased, and the price of rare earth market rose. Due to the impact on the production of mainstream products such as praseodymium and neodymium oxide in some epidemic areas, the supply is tight, and the market price continues to rise. Recently, the sales of downstream new energy vehicles and electric two wheeled vehicles have increased month on month, and the demand for spot purchases has risen, supporting the rise of rare earth market. Downstream demand improved, replenishment increased, traders offered actively, and the domestic light rare earth market rose.

According to statistics, the demand for new energy vehicles has improved. According to the data released by the China Association of Automobile Manufacturers, the production and sales of automobiles in China will reach 2.395 million and 2.383 million respectively in August 2022, with year-on-year growth of 38.3% and 32.1%, both higher than last month. Among them, the production and sales of new energy vehicles in August were 691000 and 666000, respectively, with a year-on-year growth of 1.2 times and 1 time, and the monthly production and sales reached a new record high. The production and sales of automobiles rose significantly, and the demand in the new energy field was still supported. The price of light rare earth in the domestic market was favorable, and the price of rare earth rose.

It can be seen from the trend chart that the price of dysprosium oxide in China has risen. As of the 30th, the price of dysprosium oxide was 2.3 million yuan/ton, with a monthly increase of 5.75%; The price of dysprosium ferroalloy is 2.275 million yuan/ton, with a monthly increase of 5.08%; The price of dysprosium metal is 2.995 million yuan/ton, with a monthly increase of 5.27%; The price trend of domestic terbium series rose slightly. The price of domestic terbium oxide was 13.025 million yuan/ton, and the price of metal terbium was 16.35 million yuan/ton. The price of heavy rare earths has risen, the raw material inventory of the separation enterprises in the regions where rare earth mines are used in Sichuan and other places has decreased, the production enterprises have gradually started to work, and the rare earth market atmosphere has improved. In addition, the export of Myanmar is limited, and the global supply of rare earths is relatively concentrated. Myanmar is one of the production areas second only to China and the United States. Myanmar has a great influence on the domestic heavy rare earth market products, and the price of heavy rare earth on the market has risen.

In 2022, the first batch of rare earth total amount control indicators met expectations, and the industry pattern continued to optimize. The Ministry of Industry and Information Technology and the Ministry of Natural Resources issued the total control index for the second batch of rare earth mining, smelting and separation in 2022. In 2022, the total control indicators of the second batch of rare earth mining, smelting and separation will be 109200 tons and 104800 tons respectively. The total control indicators of rare earth mining, smelting and separation in the first two batches in 2022 are 210000 tons and 202000 tons respectively, up sharply year on year. However, the demand gap for rare earth still exists, and the situation of oversupply has not improved.

The new energy vehicles, wind power and variable frequency air conditioning in the downstream of rare earths have achieved sustainable development. Due to repeated epidemics in some regions, downstream procurement is limited. However, the orders of magnetic material enterprises have increased recently, and some enterprises have gradually started replenishment. In addition, with the start of rare earth peak season, business community analyst Chen Ling expects the rare earth market to rise.