Rare earth prices continued to rise, while copper and aluminum prices fluctuated slightly
Copper: as of May 18, Shanghai copper closed at 71340 yuan / ton, with a weekly change of – 0.34%; The inventory closed at 290.22 million tons, with a weekly change of 83.23%.
Aluminum: as of May 18, Shanghai aluminum reported 20360 yuan / ton, with a weekly change of 0.47%; The inventory reported 148418 million tons, with a weekly change of – 0.12%.
Rare earth permanent magnet: as of May 18, praseodymium oxide (lowest price) closed at 940000 yuan / ton, with a weekly change of 3.87%; Neodymium oxide (lowest price) closed at 955000, with a weekly change of 3.24%; Praseodymium neodymium oxide (lowest price) closed at 930000 yuan / ton, with a weekly change of 2.76%; Dysprosium oxide (lowest price) closed at 2600 yuan / ton, with a weekly change of – 0.57%; Terbium oxide (lowest price) closed at 14870 yuan / ton, unchanged during the week.
Investment suggestion: the downstream enterprises of rare earth materials have started to resume production one after another, and the demand has gradually warmed up; At the same time, the export volume increases, the industrial chain consumes more inventory in the early stage, and there is a great pressure to replenish inventory; The gap between supply and demand supports the price of rare earths and pays attention to China Northern Rare Earth (Group) High-Tech Co.Ltd(600111) .
Risk tip: the global economic recovery is less than expected; US inflation remains high; The production and sales of new energy vehicles are lower than expected; The energy crisis eased more than expected; The demand for magnetic materials is lower than expected
