太阳集团城娱8722稀土行情简报201730期（总第196期）08-21~08-25

JL MAG Rare-earth Industry Price Briefing08-21~08-25

2017年第34周

Week 34.2017

1. 重要新闻简报Briefing of Important News

本周稀土市场镨钕价格持续上涨，镝铁价格回调，金属铽价格企稳。亚洲金属网价格: 镨钕金属价格634-644元/KG，镝铁合金价格1400-1450元/KG，铽金属价格5170-5220元/KG。

This week the price of PrNd on rare-earth market continues to rise. The price of DyFe is in callback, for Tb, it is stable. Price from Asian Metal of this weekend presented: PrNd 634-644 RMB/KG, DyFe 1400-1450 RMB/KG and Tb 5170-5220RMB/KG.

自6月底以来，部分稀土产品价格短期内有较大幅度波动和上涨，引起了行业有关各方的高度关注和诉求。为此，稀土行业协会秘书处提出两点建议：一是针对当前稀土原材料市场供需情况，建议暂缓稀土产品收储；二是释放部分稀土产品储备，发挥稀土收储的平抑和调节市场功能。

Since the end of June, the price of part of rare earth products has more substantial volatility and rise in short time, which caused the industry's concerns and demands. So Rare Earth Industry Association Secretariat made two suggestions, first, for the current supply and demand of rare earth raw materials market, it is recommended to suspend the rare earth products purchasing and storage; Second, the release of some rare earth product reserves, exert the function of Rare earth storage and market adjustment.

2.业内人士分析Analysis of Professional Insiders

稀土市场近日表现非常冷清，成量少，大多数市场人士都在观望市场。但关于稀土行业协会去拜访发改委和国储局这一件事情，业内人士纷纷发表意见，意见的分歧也比较大。

The performance of rare earth market is very deserted, less volume, most market participants are waiting to see the market. But for the rare earth industry associations to visit the NDRC and the State Reserve Bureau, the industry have expressed their views, the views of the differences are relatively large.

当前氧化镧和氧化铈的价格保持坚挺，出货量相对来说也比较大，氧化镧和氧化铈的价格稳定在1.5万元/吨左右。

Currently prices of lanthanum oxide and cerium oxide remain strong, shipments are relatively large, lanthanum oxide and cerium oxide prices stable at 15,000 RMB/T.　

8月23日稀土指数为454点，较周期内高点1000点(2011-12-06)下降了54.60%，较2015年09月13日低点271点上涨了67.53%。(注：周期指2011-12-01至今)。

On August 23, the Rare Earth Index was 454 points, down 54.60% from the peak of the quarter (2011-12-06), up 67.53% from its lowest point on September 13, 2015 at 271 points. (Note: cycle refers to 2011-12-01 so far).

金属镨钕的报价存在分歧，大公司的报价仍然维持在65-70万元/吨，并且低于这个价格表示不肯接受，小的贸易商和工厂的报价在60-62万元/吨左右。销售方均表示，市场非常冷清，与以往价格上涨时的热闹情形不可同日而语，并且市场的买卖双方均采取观望态度。

Praseodymium neodymium metal offer are different, large companies offer still maintained at 650,000-700,000 RMB/T and expressed that they won't accept the price lower that, the small traders and factories offer around 600,000-620,000 RMB/T. Sales said that the market is very deserted, which is quite different from the boisterous situation of previous increasing ones, and the market buyers and sellers have taken a wait and see attitude.

关于稀土行业协会去拜访发改委和国储局这件事，引起稀土界广泛关注。部分业内人士认为，缓收储并且放储这对整个稀土行业价格稳定有着非常大的影响，也有利于稀土行业长期稳定的发展。保证稀土的供应量，对于稀土的价格的稳定和下游钕铁錋等行业的发展非常有利。而另有业内人士认为，稀土市场是市场经济，应该让稀土市场按照正常的市场经济规律正常运转，供少于求，价格上涨无可厚非，供大于求价格下滑也是合情合理。国家干预只会让市场自有调节功能丧失，短期内看起来是对行业发展有利，长期来看必然会带来各种各样的问题。

For the rare earth industry associations visiting the NDRC and the State Reserve Bureau, it caused wide spread concern in rare earth industry. Some industry insiders believe that the slow speed on storage has very large price stability for the entire rare earth industry, but also conducive to long-term stable development of rare earth industry. To ensure the supply of rare earth, very favorable for the development of rare earth price stability and downstream industries such as NdFeB. And some insiders think the rare earth market is market economy, should be rounded as normal market economy, for supply less than demand, the price rise is understandable, and it is reasonable for oversupply price decline. State intervention will make the market lose their own function of adjustment; it is beneficial to the development of the industry in short term, the long term it will inevitably bring a variety of problems.

关于稀土后市的发展，稀土价格到底涨到多少才是合理的价位业内人士心存疑惑，部分人士认为受政策信息影响，短期内稀土价格可能会出现波动，但价格仍会有上涨空间。

About the development of later rare earth market, insiders feel puzzled for how much is the reasonable price for rare earth; some think rare earth price may fluctuate as the effect of policy, but the price has room to rise.

3. 趋势图（参考亚洲金属网）Tendency Chart (refer to Asian Metal)

2017年08月25日

August.25th, 2017

提示：以上信息仅供参考！

Notes: the information above is for reference only!