Since the beginning of this year, with the further advancement of China's rare earth industry, the demand for NdFeB in new energy vehicles and smart manufacturing has increased, and the price of rare earth has steadily increased.
It is reported that on July 24, the nominal rare earth product bismuth oxide was quoted at 370,000 yuan/ton to 380,000 yuan/ton, with a weekly increase of 2.7%, a metal 镨钕 week increase of 2.2%, and a bismuth oxide weekly increase of more than 5%. The prices of rare earth products such as antimony oxide and antimony oxide are also significantly increased. It is worth noting that this year, the cumulative increase in yttrium oxide has exceeded 40%.
Haitong Securities said that the price of antimony oxide continued to rise this year, and the increase even exceeded that of antimony oxide, which means that the supply and demand structure of downstream magnetic materials is quietly changing. Since the end of the second quarter, the price of NdFeB has also started to rise, indicating that the rise in rare earth prices has gradually shifted to the downstream, and related magnetic materials listed companies are expected to release profits.
"Securities Daily" market research center based on the statistics of straight flush data, as of yesterday, among the listed companies in the rare earth permanent magnet industry, Sinosteel Tianyuan has disclosed the interim report performance report, the company realized operating income of 5,698,173,300 yuan, an increase of 33.93% over the same period. Operating profit was 5,735,300 yuan, an increase of 73.94% over the same period of last year; net profit attributable to shareholders of listed companies was 55,185,500 yuan, a year-on-year increase of 99.48%. The main reason for the company's performance growth was that Sinosteel Zhengzhou Metal Products Research Institute Co., Ltd., Zhongwei Coking Technology National Engineering Research Center Co., Ltd. and Hunan Special Metal Materials Co., Ltd. were included in the scope of the company's consolidated statements during the reporting period. The market for soft magnetic materials continued to improve, and earnings increased significantly compared to the same period last year.
In addition to the rapid increase in net profit of Sinosteel Tianyuan’s interim report, 22 companies have disclosed the results of the interim report. The number of pre-history companies is 19, including Keheng and Nord. Nine companies such as Tongling Nonferrous Metals, Xugong Machinery, Northern Rare Earth, Yingluohua, Jiangfen Magnetic Materials, Yinhe Magnet and Zhongke Electric reported doubled their net profit year-on-year.
Under the multiple benefits, the rare earth permanent magnet plate continued to be strong. From yesterday's point of view, the sector rose against the market, and the intraday hit hit a new high since June 2. In terms of individual stocks, yesterday, 22 rare earth permanent magnet concept stocks strengthened against the market, Galaxy magnets rose 7.53%, Zhenghai magnetic materials, Hengdian East magnetic and other two stocks also rose more than 4%, respectively: 4.72%, 4.35% China Steel Tianyuan, Jiangxi Copper, Zhongke Electric and other stocks also rose more than 3%.
In terms of capital flow, yesterday, 11 rare earth permanent magnet concept stocks were sought after by large single funds, and the total net inflow of large single funds was 339 million yuan. Among them, the net inflow of Jiangxi Copper's large single capital ranked first, reaching 10024.45 million yuan. Tongling has a tight color. Subsequently, the net inflow of large single funds was 77.86 million yuan, and the net inflow of large capital of Yinhe magnets was also over 70 million yuan, reaching 70.516 million yuan.
In this regard, China Merchants Securities, Lianxun Securities, GF Securities, Huatai Securities, Great Wall Securities and other institutions still said that rare earth prices are expected to continue to rise, the market for rare earths has not yet ended. Among them, Lianxun Securities believes that the current crackdown on the illegal exploitation of rare earths continues, restricting the purchase of non-tickets by enterprises will limit the separation of black rare earths, and the rare earth prices will continue to show a moderate upward trend.
Great Wall Securities also pointed out that from the historical trend, in the upward cycle of rare earth prices, the stock elasticity of NdFeB is higher than that of rare earths. It is judged that with the integration of the six major rare earth groups and the gradual advancement of rare earth blackening, the bottom range of rare earth prices has been It is established that the future is expected to enter a moderate rising channel, and NdFeB is expected to become the focus of the rare earth permanent magnet plate.
