1、 Price trend

According to the bulk data monitoring of the business agency, as of May 30, the average price of refrigerant R22 was 17500 yuan / ton, a decrease of 0.94% compared with the price of 17666.67 yuan / ton at the beginning of the month, and an increase of 3.17% compared with the same period last year

According to the bulk data monitoring of the business agency, as of May 30, the average price of refrigerant R134a was 21000 yuan / ton, down 13.1% from 24166.67 yuan / ton at the beginning of the month and 8.43% compared with the same period last year

2、 Market analysis

In May, the price of refrigerant R22 fluctuated slightly. The price of raw material chloroform continued to fall within the month, with a decline of about 35%. The cost support fell, and the demand was still not high. The production and sales of air conditioners were average, and the refrigerant enterprises had some difficulties in shipping. The price of R22 fell steadily. At present, the price of raw hydrofluoric acid is mostly 11730 yuan / ton, the price of chloroform is about 3575 yuan / ton, and the market price of R22 is mostly in the range of 16000-18000 yuan / ton. The quotation in Shandong is about 17000-17500 yuan / ton, that in Zhejiang is about 17000-17500 yuan / ton, that in Hunan is about 16000-16500 yuan / ton, and that in Guangzhou is about 18000 yuan / ton.

In May, the refrigerant R134a market fell sharply, and the market focus shifted downward. The price of the raw material hydrofluoric acid fluctuated little, the price of trichloroethylene fell sharply, the cost support decreased sharply, and due to the impact of domestic public health events, the downstream automobile production and sales were general, the demand was poor, the market transaction was still flat, the enterprise mainly reduced the price and arranged the warehouse, and the actual transaction was lower than the offer. Up to now, the price of raw hydrofluoric acid is about 11730 yuan / ton. The market quotation of R134a is mostly in the range of 18000-25000 yuan / ton, and the actual transaction is lower than the offer. The quotation in Shandong is about 18500-26000 yuan / ton, that in Zhejiang is about 19000-25000 yuan / ton, that in Hunan is about 18000-18500 yuan / ton, and that in Guangzhou is about 24000 yuan / ton.

In terms of raw materials, the price trend of domestic hydrofluoric acid rose slightly in May. As of the end of the month, the mainstream price negotiated by various regions of domestic hydrofluoric acid was 11100-11500 yuan / ton. The prices of some manufacturers were higher than the market price. The actual transaction prices on the floor this week mainly rose. Recently, the domestic spot supply of hydrofluoric acid decreased, but the downstream acceptance was not high, and the market price of hydrofluoric acid rose slightly.

3、 Aftermarket forecast

According to the refrigerant analysts of the business agency, the cost demand in May continued to remain in a state of “double weakness”. The refrigerant enterprises’ shipment was under pressure, and the inventory was under certain pressure. It was not easy to have an obvious inflection point in the short term. It was also necessary to pay attention to the downstream demand and foreign trade.

Domestic p-xylene price trend:

It can be seen from the p-xylene trend chart that the price trend of this week was temporarily stable. As of the end of the week, the domestic ex factory price of p-xylene was 9900 yuan / ton, unchanged from the price of 9900 yuan / ton at the beginning of the week, with a year-on-year increase of 54.69%.

Recently, the domestic paraxylene supply is normal, the domestic PX operating rate is about 70%, Sinochem Hongrun Petrochemical 600000 ton unit operates stably, Yangzi petrochemical unit operates stably, Pengzhou petrochemical unit operates stably, Yangzi Petrochemical PX unit operates normally, Jinling Petrochemical unit operates stably, Qingdao Lidong unit operates at full load, Qilu Petrochemical Unit operates stably, and Urumqi petrochemical unit starts at about 50%, Domestic p-xylene supply is relatively normal, but the supply of overseas units is reduced. This week, the crude oil price rises, and the domestic p-xylene price remains high. Affected by the higher closing price of international crude oil, the PX external price rose slightly. As of the 26th, the closing price in Asia was $1286-1288 / T FOB Korea and $1304-1306 / T CFR China. Recently, the operating rate of PX devices in Asia has remained low. A PX device in South Korea was shut down unexpectedly, resulting in a production capacity of 1.79 million tons. This accident led to a significant reduction in the source of imported goods. In addition, the export of PX sources in Asia to Europe and the United States increased, and the export of PX to China decreased, The closing price of PX rose, and the domestic paraxylene market price remained high.

The crude oil price trend rose as a whole this week. The settlement price of the main contract of WTI crude oil futures in the United States was $114.09/barrel, and the settlement price of the main contract of Brent crude oil futures was $114.17/barrel. The European Union’s oil ban on sanctions against Russia has been delayed, and the expectation of tight supply remains unchanged. With the arrival of summer driving season in the United States, demand is expected to improve, supply and demand fundamentals are still good for oil prices, oil prices are supported upward, and the domestic paraxylene market price trend is temporarily stable due to the rise of crude oil prices.

The downstream PTA market price rose slightly this week. As of the 27th, the average PTA market price was 6800-6900 yuan / ton. PTA market closely followed the trend of crude oil. In the early stage, driven by the rise of crude oil price, PTA price rose. In terms of self supply, PTA operation rate is about 68%. Under the guidance of buying up sentiment, the downstream market made up an appropriate amount of positions, and the polyester start-up also increased to around 78%. In terms of prices, affected by the boost of raw materials in May, the prices of downstream polyester factories rose by 5-8%. In Jiangsu and Zhejiang provinces, the startup rate of looms has rebounded significantly due to the warmer orders. Especially in Xiaoshao, Haining, Changshu and other places, the factory’s order receiving rate improved moderately, which was better than that in April. However, at present, some domestic trade orders are improving, while foreign trade orders are still not improving. There is a strong wait-and-see mood in the terminal textile market, and the purchase is cautious. The domestic paraxylene market price remains high.

Chen Ling, PX analyst of business club, believes that the current crude oil price trend is rising, the cost side is still supporting, the downstream operation of the terminal is not high, and the overall demand side is normal. However, the supply of imported paraxylene is relatively tight. In general, it is expected that the market price of paraxylene may rise slightly in the later period.

According to the monitoring data of business agency, from May 13 to 20, the average market price of cyclohexanone in China rose from 11750 yuan / ton to 11766 yuan / ton, with an increase of 0.14% in the week, 5.06% month on month and 6.01% year-on-year.

The domestic cyclohexanone market was at a high level this week. The raw material pure benzene rose at a high level. Sinopec pure benzene was listed for three times and increased by 350 yuan / ton to 9300 yuan / ton. The cost rose strongly, and the cost pressure of cyclohexanone increased. Downstream caprolactam rose passively, but the overall load was low and at a loss, the enthusiasm for outward mining was weak, and the delivery of cyclohexanone was not smooth. Under the pressure of cost, the market maintained a firm operation.

Summary of domestic cyclohexanone market as of May 20:

region ., Price

East China 11900-12000 yuan / ton cash delivery

South China, 12000-12100 yuan / ton cash delivery

Shandong Province, 11700-11800 yuan / ton cash delivery

Raw material pure benzene: the price of pure benzene rose in the period, and the price difference between East China and Shandong widened. The spot transaction in East China was 9100-9350 yuan / ton, and that in Shandong was 8600-8900 yuan / ton.

Comparison chart of price trend of pure benzene (upstream raw material) and cyclohexanone in business agency:

Downstream caprolactam: caprolactam market continues to rise. Recently, caprolactam is mainly dominated by cost. The price of upstream pure benzene has risen continuously. Sinopec’s pure benzene has been listed and risen to 9300 yuan / ton. The cost pressure of caprolactam has intensified.

Comparison chart of price trend of cyclohexanone and caprolactam (downstream products) in business society:

In a short time, the supply and demand of cyclohexanone is weak, and cyclohexanone is still dominated by cost. The cyclohexanone analyst of business agency predicted that the cyclohexanone would be consolidated at a high level in the short term.

1、 Price trend

According to the bulk data monitoring of business society, as of May 20, the average price of refrigerant R22 was 17500 yuan / ton, down 1.5% from the beginning of the week and up 5.42% from the same period last year

According to the bulk data monitoring of business society, as of May 20, the average price of refrigerant R134a was 21500 yuan / ton, down 5.15% from the beginning of the week and 4.87% from the same period last year

2、 Market analysis

During the week, the price of refrigerant R22 fell slightly, the price of raw material chloroform continued to fall, the cost support became weaker, and the market supply increased. At the same time, the demand did not increase. Under the bad conditions of many parties, the price of R22 fell steadily. At present, the price of raw material hydrofluoric acid is mostly 11730 yuan / ton, the price of chloroform is about 4137 yuan / ton, and the market quotation of R22 is mostly in the range of 17000-18000 yuan / ton. The quotation in Shandong is about 17000-17500 yuan / ton, that in Zhejiang is about 17000-17500 yuan / ton, that in Hunan is about 17500-18000 yuan / ton, and that in Guangzhou is about 18000 yuan / ton.

Recently, the refrigerant R134a market has fallen sharply, the enterprise quotation has fallen frequently, falling below 20000 yuan, and the market focus has shifted downward. The price of raw material hydrofluoric acid fluctuated little, the price of trichloroethylene fell sharply, the cost support decreased sharply, and the market transaction was still flat, the logistics had not been fully recovered, the enterprise mainly reduced the price and arranged the warehouse, and the actual transaction was lower than the offer. Up to now, the price of raw hydrofluoric acid is about 11730 yuan / ton. The market quotation of R134a is mostly in the range of 19000-25000 yuan / ton, and the actual transaction is lower than the offer. The quotation in Zhejiang is about 19000-25000 yuan / ton, that in Hunan is about 22000-22500 yuan / ton, and that in Guangzhou is about 24000 yuan / ton.

In terms of raw materials, the price trend of domestic hydrofluoric acid rose slightly this week. Up to now, the mainstream price negotiated by various regions of domestic hydrofluoric acid is 11200-11500 yuan / ton, and the quotation of some manufacturers is higher than the market price. The actual transaction price on the floor this week is mainly rising. Recently, the domestic spot supply of hydrofluoric acid is normal, and the market price trend of hydrofluoric acid is rising.

3、 Future forecast

Refrigerant analysts of business society believe that the supporting force of the cost side is declining, coupled with the decline of automobile production and sales, the demand for air conditioning is also general, the cost demand is weak, and the logistics is still limited. R22 and R134a are expected to continue to decline.

This week (may 16-20), the domestic liquid ammonia market fell steadily. Shandong, Shanxi, Hebei, Henan and Hubei have declined to varying degrees. The cumulative weekly decline is 100-200 yuan / ton. The market supply has changed and the ammonia supply has increased. However, the demand for chemical fertilizer in the downstream is weak, and the resistance to high prices suppresses some rigid demand. Lower downstream prices, terminal prices have also been lower. According to the monitoring of business agency, as of May 20, the weekly decline of liquid ammonia in Shandong is 2.37%, and the mainstream quotation range at the weekend is 5000-5200 yuan / ton.

Supply side

On the supply side, this week, the overall ammonia release in many domestic places increased slightly compared with the previous week, and the overall supply pressure increased. Previously, due to the high price of urea in the downstream, the majority of urea was transferred to the downstream, and the amount of ammonia decreased. However, the ammonia price has rebounded recently, and the amount of ammonia released by enterprises has increased significantly. Therefore, the overall supply of liquid ammonia surged, and the short-term surge in supply led to some excess.

Cost side

The upstream coal market is affected by the regulation policy, and the price maintains the previous level. At present, the profits of downstream methanol and liquid ammonia manufacturers are generally boosted. Natural gas prices also fell, easing the cost pressure of gas head enterprises. According to the monitoring of business agency, LNG fell by 1.50% this week.

Demand side

From the terminal point of view, the downstream demand for liquid ammonia remained rigid, the high price of urea remained stable, and the rise of ammonium nitrate, ammonium chloride and other products stopped and slowed down. Agricultural demand followed up on demand and industrial demand slowed down. The agricultural demand in Xinjiang, Jiangsu and Anhui is good, and follow-up is mainly on demand. The wait-and-see atmosphere of compound fertilizer enterprises towards high price urea is becoming stronger, the procurement slows down, the plate factory purchases on demand, the price of melamine decreases slightly, and the enthusiasm for urea procurement is weakened. From the perspective of supply: the daily output of urea this week is about 150000 tons, slightly lower than that of last week, and the urea inventory is at a low level. Internationally: Pakistan may seek China’s urea assistance again and plans to purchase 200000 tons. Various factors continue to drive up the price of urea. The policy of ensuring supply and price stability remains unchanged.

From the above figure, the price comparison chart of urea and liquid ammonia shows that the trend of liquid ammonia and urea is basically the same. Recently, the price of liquid ammonia has fallen significantly, deeper than that of urea, and the price difference between them has widened. However, it is still at a reasonable level.

From the above figure and the liquid ammonia industry chain diagram, at present, the profits of the liquid ammonia industry chain continue to improve, the natural gas price in the upstream of the gas head falls, the coal price is affected by the policy, and the price remains weak, which is conducive to alleviating the downstream cost pressure. The middle and lower reaches are also mostly rising, with the increase of enterprise profits, and the profits of liquid ammonia, urea and compound fertilizer are significantly higher than those in the early stage.

Future forecast

The business society believes that at present, the supply and demand pattern of the domestic liquid ammonia market has changed, resulting in the transformation of the previous oversupply and oversupply. This pattern is difficult to change in the short term, so the price of liquid ammonia may still have room to fall. However, considering the high price of urea and the rising market, it will also support the price of ammonia. Comprehensively, the ammonia market may continue to fall, but the space should be treated with caution.

Price trend

According to the bulk list data of business society, the domestic POM market fell last week, and the spot prices of various brands fell to a certain extent. As of May 23, the ex factory price reference offer of POM injection molding sample enterprises of business society was about 21200 yuan / ton, up or down – 3.78% compared with the average price at the beginning of the month.

Cause analysis

Industrial chain: upstream, the market price of formaldehyde in Shandong fluctuated and fell last week. Recently, the demand of wood board factories is poor. In order to ship goods, manufacturers in Linyi took the initiative to lower the quotation. The market transaction is poor and the market is weak.

The upstream formaldehyde Market weakened and POM cost side support weakened. In terms of industry load, at this stage, domestic POM enterprises have less maintenance capacity, high industry operating rate, market supply has changed the compact pattern in the early stage, and there are abundant spot goods in the field at present. The inventory of terminal enterprises still needs to be digested, and the demand continues to be weak. Buyers are more resistant to high price sources. They are cautious in preparing goods, and the operation is biased towards bargain hunting to maintain production. The market is dominated by the decline of small newspapers and the market mentality is not strong. Domestic health incidents still affect the logistics and transportation in East China, and some demand is affected.

Future forecast

Business analysts believe that the domestic POM market fell last week, the upstream formaldehyde Market weakened, and the cost support of POM weakened. The POM industry has a high load and abundant on-site supply. The consumption of downstream enterprises is weak, and there is no large-scale replenishment in procurement. The market supply is reduced, and the demand follow-up is not timely. It is expected that the POM price may continue to adjust downward in the short term.

1、 Price trend

According to commodity data monitoring, isopropanol prices fell slightly this week. The average price of domestic isopropanol was 7112.5 yuan / ton last Friday and 7100 yuan / ton this Friday. The price fell by 0.18% during the week.

2、 Market analysis

Figure: comparison chart of price trend of acetone and isopropanol from November to January

The domestic isopropanol market fell slightly this week. At present, the orders of isopropanol manufacturers are still mainly for export. Domestic market transactions remain deserted. Downstream enquiries are general, stay on the sidelines and take the goods carefully. Up to now, most quotations of Shandong isopropanol are about 6900-7000 yuan / ton; Most of the quotation range of Jiangsu isopropanol is about 7200 yuan / ton; Most quotations of isopropanol in Zhejiang are about 7200 yuan / ton. Internationally, on May 17, isopropanol in the United States closed stable and isopropanol market in Europe closed down.

In terms of raw material acetone, the price of isopropanol fell this week. The average price of domestic acetone was 5880 yuan / ton last Friday and 5800 yuan / ton this Friday. The price fell by 1.36% during the week. The on-site trading is general. The acetone price is relatively deadlocked this week, with a slight decline. The business society expects the acetone market to be strong in the short term.

In terms of raw propylene, the price of propylene (Shandong) accelerated this week, and the price was temporarily stable at the beginning of the week. It showed a significant decline on Friday, with an average reduction of 150 yuan / ton. The raw material cost fluctuated and the support was acceptable. The supply of propylene in the market has increased, the market demand is dominated by rigid demand, and the price is growing and falling rapidly. The overall purchase of downstream enterprises is still more cautious, focusing on maintaining production. Propylene analysts at the chemical branch of business agency believe that if the cost side remains in a narrow range, it is expected that the recent low-level consolidation of propylene market will be the main trend.

3、 Future forecast

The isopropanol analyst of the chemical branch of business society believes that at present, the domestic factories are mainly export orders, and the domestic isopropanol market demand is general. The prices of raw materials acetone and propylene fell one after another, the support of raw materials was weak, and the market confidence was insufficient. It is expected that the market price of isopropanol will be stable in the short term.

The domestic aggregate MDI market is dominated by weak consolidation, the factory price is reduced, the operator’s mentality is difficult to boost, and the price fell rapidly in the early part of the week. After the middle of the week, the market price converged slightly, and the prices of some brands were strong. However, it is difficult to support the just needed small orders of the terminal, and the future mentality of the operators is still different.

According to the sample data monitored by the business agency, from May 6 to 13, the market price of domestic aggregated MDI fell from 18340 yuan / ton to 17960 yuan / ton, with the price falling by 2.07% during the week, the price falling by 3.65% month on month and 2.19% year-on-year.

Summary of domestic aggregate MDI market as of May 13:

Region, Wanhua goods, Shanghai goods

North China and Shandong, 17700 yuan / ton ., 17500 yuan / ton

East China, 17700 yuan / ton, 17500 yuan / ton

South China, 17700 yuan / ton, 17500 yuan / ton

Summary of domestic aggregated MDI traders as of May 13:

Raw material pure benzene: Sinopec’s listing was raised to 9100 yuan / ton, and the market price continued to rise under the influence of pressure. At present, spot buying is 9170 and selling is 9200.

Comparison chart of pure benzene (upstream raw material) – polymerized MDI price trend of business society:

Aniline: the maintenance plan of Shanghai Lianheng is delayed, which is very bad for the aniline Market. At present, aniline is close to the cost line and the profit is weak. It is expected that the domestic construction stock will continue to decline in the next cycle or the market price reduction is expected, waiting for the demand performance to warm up.

Comparison chart of aniline (upstream raw material) – polymerized MDI price trend of business society:

In terms of enterprises, Yantai Wanhua 1.1 million T / a plant operates normally; Ningbo Wanhua 1.2 million T / a unit operates normally; The 600000 T / a unit of Shanghai keschuang operates normally; The 380000 T / a unit of Shanghai Huntsman operates normally and has a maintenance plan in May; Shanghai BASF 220000 T / a unit operates normally; Chongqing BASF 400000 T / a unit operates normally; The 80000 T / a unit of Dongcao Ruian operates normally.

In the future, business community aggregation MDI analysts expect that the domestic aggregation MDI market is mainly sorted out.

According to the data monitoring of business agency, the chloroform market fell sharply in the first half of the month (5.1-5.15). As of May 15, the price of chloroform apron in Shandong was 4387 yuan / ton, down 20.05% from 5487 yuan / ton at the beginning of the month.

With the restart of Jinling and Fuqiang methane chloride units, the overall construction rate of domestic methane chloride has increased, and the operation rate has been around 80% since May. In particular, the Jinling unit in Shandong is operating at 90%, Dongyue is operating at full load and Luxi unit is operating at 80%. In addition, the 160000 T / a methane chloride unit in Dongying Huatai is planned to be put into operation in mid May. The supply pressure in Shandong is further increased and the supply is loose. It is expected to have a certain impact on the markets in East and South China in the later stage.

In May, the spot price of raw methanol continued to decline and the cost support weakened. According to the business agency, as of May 15, the price of methanol was 2642 yuan / ton, down 3.73% from 2745 yuan / ton at the beginning of the month.

Before and after labor day, the downstream refrigerant market sales of chloroform were light, the operation of major mainstream refrigerant manufacturers was still not high, and the demand for chloroform was weak.

Analysts of methane chloride data of business society believe that at present, the downstream demand for trichloromethane is weak, coupled with higher supply pressure, and it is expected that the price of trichloromethane may continue to weaken in the later stage.

According to the monitoring of business agency, the price index of domestic rare earth market rose slightly this week, the domestic rare earth industry gradually returned to rationality, and the domestic rare earth price rose little. The rare earth index was 821 points on May 15, the same as yesterday, down 18.47% from the highest point 1007 points (2022-02-24) in the cycle, and up 202.95% from the lowest point 271 points on September 13, 2015. (Note: the period refers to the period from December 1, 2011 to now).

This week, the price trend of domestic light rare earth market rose slightly, and the trend of some products of praseodymium neodymium series, the mainstream of rare earth market, rose slightly. In terms of products:

As can be seen from the product price trend chart, the prices of domestic metal neodymium, neodymium oxide, praseodymium oxide, praseodymium neodymium alloy and praseodymium neodymium oxide increased slightly. As of the 16th, the price of neodymium oxide in rare earths in China was 935000 yuan / ton, an increase of 2.19% this week; The price of neodymium was 1.14 million yuan / ton, with a price increase of 3.17%; The price of praseodymium oxide was 920000 yuan / ton, with a price increase of 1.10%; The price of praseodymium neodymium oxide was 915000 yuan / ton, up 5.48% this week; The price of praseodymium neodymium alloy was 1.105 million yuan / ton, an increase of 4.74%; The price of metal praseodymium was 1.205 million yuan / ton, the price trend increased by 0.84%, and the domestic rare earth market rose slightly.

The price of rare earth in the domestic market rose slightly. The recent downstream procurement was normal. In addition, affected by the epidemic, some upstream and downstream production was affected, and some metal factories had procurement demand, which boosted the mentality of separation manufacturers, and the on-site price rose slightly. The inventory of downstream magnetic material enterprises in the field is not high, but the demand for spot procurement still exists, and the rare earth market is higher. Due to the normal supply of mainstream products such as praseodymium and neodymium oxide in some large groups, some small waste recycling enterprises reduce production due to insufficient raw material inventory due to the shortage of waste supply. Magnetic material enterprises are mostly distributed in Zhejiang. Affected by the epidemic situation in the Yangtze River Delta and the Pearl River Delta, the demand for orders of downstream new energy vehicles and electric two wheeled vehicles is reduced, the demand for spot procurement is weak, and the increase of on-site prices is limited. In addition, the price of rare earth metal lock factory is cautious in the case of small increase in the rare earth metal market.

The national environmental protection supervision is still continuing, and rare earths are purchased on demand. At present, the inventory of neodymium praseodymium oxide has not changed much. Affected by the mood of buying up or not, the price trend in the market has increased slightly. According to statistics, the demand for new energy vehicles has increased. According to the data released by China Automobile Industry Association, in March 2022, China’s automobile production and sales reached 1.422 million and 1.43 million respectively, up 4 times and 3.6 times month on month, down 44.5% and 43.3% year-on-year. Automobile production and sales have declined. Recently, the demand in the field of new energy has been normal, the domestic light rare earth market has increased slightly, and the domestic heavy rare earth market price has risen.

It can be seen from the trend chart that the price of dysprosium Series in China rose. As of the 16th, the price of dysprosium oxide was 2.64 million yuan / ton, with a weekly increase of 0.96%; The price of dysprosium ferroalloy was 2.635 million yuan / ton, rising by 1.54%; The price of dysprosium metal was 3.4 million yuan / ton, rising by 2.56%; The price of terbium Series in China has increased slightly. The price of terbium oxide in China is 15.05 million yuan / ton, and the price of metal terbium is 18.6 million yuan / ton. The price of heavy rare earths rose slightly, and the leading magnetic material factory purchased on demand, which led to a slight rise in the trend of the domestic heavy rare earth market. The raw material inventory of separation enterprises in the areas where light rare earth mines are used in Sichuan and other places decreased. The reduction of this part of supply has little impact on the operating rate of separation plants in the areas where light rare earth mines are used. In addition, the export of Myanmar is limited, and the global rare earth supply is relatively concentrated. Myanmar is one of the production areas second only to China and the United States. Myanmar has a great impact on the products in the domestic heavy rare earth market, and the price trend of heavy rare earth in the venue rose slightly.

In addition, the national policy supports the rare earth market. The first batch of Rare Earth total amount control indicators in 2022 are in line with expectations, and the industry pattern continues to be optimized. On the 28th, the Ministry of industry and information technology and the Ministry of natural resources issued the first batch of Rare Earth total amount control indicators in 2022, of which the ore indicators and smelting separation indicators were 100800 tons and 97200 tons respectively. The increase of the index is in line with expectations, and the state is still relatively restrained in releasing the rare earth supply index. The first batch of ore indicators / smelting separation indicators in 2022 are + 20% year-on-year, and the growth rate is lower than that of the first batch in 2021 (year-on-year + 27.3% / 27.6%). It is expected that the overall supply and demand of rare earth will remain tight in 22 years. The index increment is still focused on light rare earths. Among the mining indicators in 2022, the rock ore type rare earths (mainly light rare earths) were 89310 tons, with a year-on-year increase of + 23.2%, and the ionic rare earths were 11490 tons, with a year-on-year balance. It is expected that the increment concentrated on light rare earths will be a long-term trend, and the domestic rare earth market will still be supported in the long run.

The sustainable development of new energy vehicles, wind power and variable frequency air conditioning in the downstream of rare earth has been guaranteed in terms of long-term demand. In addition, the recent news of resumption of work and production has increased the enthusiasm of downstream procurement. With the continuous change of the global supply pattern of rare earth raw materials, the deepening of the requirements of innovation driven green development, the continuous strengthening of the standardized governance of the domestic rare earth industry and the further deepening of the understanding of resource scarcity, Chen Ling, an analyst at business news agency, expects the domestic rare earth market price to rise slightly.