Today’s rare earth market

Today’s rare earth market

The overall focus of domestic rare earth prices has not moved significantly. Under the interweaving of long and short factors, the price game between supply and demand is fierce, which makes it difficult to increase the volume of transactions. Negative factors: First, under the sluggish market, the listing price of mainstream rare earth enterprises has declined, which is not conducive to the upward adjustment of product prices; Second, although the development prospects of emerging industries are good,However, in May, the sales volume of new energy vehicles, smart phones, excavators and other downstream products decreased, which was one of the reasons for the lack of price increase of rare earth merchants. Favorable factors: First, due to the high pressure of environmental protection and bad weather, the output of rare earth mining enterprises has been reduced, which is beneficial to the quotation; Second, the export volume and price of rare earth and its products rose in May.It has played a supporting role in enhancing traders’ confidence in trading. News: From January to April, the added value of industrial enterprises above designated size in Guangdong was 1.09 trillion yuan, an increase of 23.9% year on year and an average increase of 5.5% in both years. Among them, the output of some high-tech products kept increasing, with 3D printing equipment increasing by 95.2%, wind turbines by 25.6% and rare earth magnetic materials by 37.7%. Household appliances have grown rapidly,Household refrigerators, room air conditioners, household washing machines and color televisions increased by 34.4%, 30.4%, 33.8% and 16.1% respectively.

Note: This quotation is made by China Tungsten Online according to the market price, and the actual transaction price needs to be determined according to the specific conditions. For reference only.