The continuous adjustment of rare earth prices will have the influence of downstream magnetic enterprises?

Reporter Zhao Binbin

Profile reporter He Wangjuan

According to data from business clubs, the price of light rare earth in China was at a low level during September 14. Among them, the price of metal tadpoles is 722,500 yuan/ton, the price of 镨钕 oxide is 595,000 yuan/ton, the price of oxidation is 655,000 yuan/ton, the price of metal tadpoles is 815,000 yuan/ton, and the price of metal tadpoles is 88.5 to 88.5 10,000 yuan/ton, the price of oxidation is 635,000 yuan/ton.

On the same day, the rare earth permanent magnet sector fell. As of the closing, Oriental Wealth data showed that the concept index of rare earth permanent magnets fell 1.62%.

According to data from the China Rare Earth Industry Association, on February 24 this year, the rare earth price index once reached 430.96999999999, a record high. At the same time, the average price per ton in the light and rare earth reached 1.375 million yuan/ton, a high level of nearly 11 years. However, since then, the price of rare earth has shown a shocking decline. On September 6, the rare earth price index fell to 249.0075 points, a new low within the year.

Although the rare earth price index has risen slightly in recent days, the increase has increased small. As of September 14, the rare earth price index was 254.5251. On September 5, Galaxy Magnetic said when investing in investors' questions on the investor interaction platform. The price of rare earth has fallen from the highest level in February to more than 760,000 yuan/ton now, and it is not yet possible to determine whether it is a low level.

Xiong Jiabao, a rare earth analyst at the Shanghai Steel Lianlian Metal Division, told a reporter from the Securities Daily that although the downstream companies have added new orders one after another, the number is not large. The order of downstream magnetic materials companies has not improved significantly, and the price of rare earth is not supported.

Recently, the price of rare earth has continued to decline, causing investors to pay attention to downstream magnetic listed companies.

Many magnetic materials listed companies said that the price of upstream rare earth fell, and the company's raw material procurement price and product price also adjusted accordingly.

Zhongke Third Ring Road said that in the case of signing orders, the decline in raw material prices will reduce the company's product cost and increase net profit. However, when the order is signed, the price of the product will also be adjusted with the fluctuation of the price of raw materials.

Yuan Huaming, general manager of Huahui Chuangfu Investment, said, "The decline in rare earth prices will reduce the cost pressure of downstream enterprises. If the order is stable, the profitability of downstream companies will increase. However, some companies have hoarded more material inventory. Inventory impairment, in this case, the profitability of the company may decline. "

"When the market is tightening, the head enterprises have a large space, and small and medium -sized enterprises have been impacted." In Yuan Huaming's view, although the current production of new energy vehicles is still growing rapidly, many uncertain factors make the wait -and -see mood of the magnetic material market stronger. In the case of no policy stimulus, the short -term demand has not improved the opportunity.

Rare earth price fluctuations will also affect downstream applications. Some people in the magnetic material company told the "Securities Daily" reporter that the price fluctuation of rare earth price fluctuations directly affects the cost of downstream production companies, which will affect the expansion of the downstream application fields of the product; At this time, the industry will choose to reduce the amount and even seek alternatives. As the price falls, rare earth terminal applications will be further expanded.

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