"Now we mainly look at the actual needs of the downstream. If this can be shaken, the market will definitely improve." On November 6, a person from the Jiangsu Rare Earth Association told reporters. But in the moment, those in the rare earth industry who want to stop the production and maintain the market stability have to watch the sharp decline in downstream demand. On the same day, a person in charge of a NdFeB company in Jiangxi told reporters that the demand for rare earth downstream is quite bad. Taking the NdFeB industry in which it is located as an example, the average operating rate of enterprises is only 30% to 50%. “Now the market is not saying that customers don’t accept prices, there is no demand,†he said. The reporter learned that the overall demand for rare earth downstream has shrunk to varying degrees. Among them, NdFeB is an important application field in the rare earth industry, and is widely used in many fields such as wind power, automobiles and home appliances. At present, the automobile production and sales data has once again deteriorated, and the industries such as machinery, home appliances and shipbuilding have continued to be sluggish, and these are all transmitted to the NdFeB industry. "Compared to last year, the market profits of rare earth enterprises are still very large, and the orders are much less than in the past," said the association. It is mainly used for polishing powder of mobile phone touch screen and ITO conductive glass, and belongs to the downstream application field of rare earth. In the polishing powder industry, related companies are also suffering from capacity problems. A veteran of the polishing powder industry for many years told this reporter that in addition to terminal demand, serious overcapacity is also affecting the normal operation of the polishing powder industry. "There were three people who used to cook two people to eat. Now it is five people who cook for one person." According to his calculations, there are currently more than 40 rare earth polishing powder manufacturers in China, and about 10 new ones were added last year. a lot. Behind the simple numbers, it hides the "hard hurt" of the industry. “The current production capacity is more than 5,500 tons, the market demand is less than 1,800 tons, and the surplus is almost 4,000 tons!†he said. In this case, the above-mentioned associations said that the current supply of rare earths is oversupply, but the industrial chain of rare earths has been relatively complete, and the implementation of relevant national policies is still waiting for time.
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