太阳集团城娱8722稀土行情简报201733期（总第199期）09-11~09-15

JL MAG Rare-earth Industry Price Briefing 09-11~09-15

2017年第37周

Week 37.2017

1.重要新闻简报Briefing of Important News

本周稀土市场镨钕价格相对稳定，镝铁和金属铽价格有小幅下跌。亚洲金属网价格: 镨钕金属价格645-655元/KG，镝铁合金价格1230-1280元/KG，铽金属价格4970-5020元/KG。

This week the price of PrNd is relatively stable, the price of DyFe and Tb fall slightly. Price from Asian Metal at this weekend presented: PrNd 645-655 RMB/KG, DyFe 1230-1280 RMB/KG and Tb 4970-5020 RMB/KG.

本周稀土市场形势只能用清淡和冷清来形容，成量少，同时价格也在继续回落。由于钕铁硼工厂还没有补库存，前期因环保问题很多中小型工厂停产而导致需求量有所减少，所以本周除了大型企业还有一小部分在正常补充稀土库存外，大部分钕铁硼工厂的大批量采购现象还没有出现。

This week rare-earth market is weak leading to low sale volumes and the price is still falling. Since the NdFeB plants have not yet replenished its inventory, the demand is reduced because some small and medium-sized factories stop production due to environmental problems. Apart from some large enterprises refilling rare-earth supplies as usual, it is not appeared that most NdFeB plants purchase rare earth in massive.

2.业内人士分析Analysis of Professional Insiders

9月份以来稀土市场一直不太景气，近几天市场整体偏淡，部分产品价格也在小幅下滑。

Rare-earth market is gloomy since September. The whole market is weak in last few days and the price of some products fall slightly.

氧化镨钕低的报价在47万元/吨，大厂的报价坚挺，价格在48-50万元/吨左右，但大部分采购方都在观望市场并不急于采购。氧化钆的市场呈现小幅下滑的态势，价格在12-14万元/吨左右，采购商采购欲望不强。氧化铽的报价在380-385万元/吨左右，交少。氧化钬的报价在48-50万元/吨左右，但也有客户在报45-47万元/吨的低价，同样交不多。氧化钇的价格也有所回落，目前的报价在2.2-2.3万元/吨左右。

The lowest quotation of PrNd oxide is 470,000 RMB/T while the big plants have strong quotation around 480,000-500,000 RMB/T. But most purchasers are looking on the market and not eager to purchase. The market of Gadolinium oxide shrinks a little around 120,000-140,000 RMB/T. The purchaser is not eager to purchase. The price of Dysprosium oxide is 3,800,000 -3,850,000 RMB/T with low sale volumes. The quotation of Ho oxide is around 480,000-500,000 RMB/T, but some customers quote 450,000-470,000 RMB/T also with low sale volumes. The price of Yttrium oxide declines a little which quotes 22,000-23,000 RMB/T.

业内人士认为市场在前期上涨过快，下游行业需要时间消化吸收这一波价格行情，从而导致采购方减少采购量这也属于正常的市场行为，目前镨钕市场回落的幅度和前期上涨的幅度相比来说非常小。

Professional insiders think that the market is expanding too quickly in pre-period. The downstream industries need time to digest and absorb this wave of price quotes. It leads to purchasers reducing purchase quantities, which is normal market behavior. At present, the decline of PrNd market is quite small compared with the increase of previous stage.

目前为此轮稀土价格疯狂上涨之后的调整期，后市是涨是跌目前尚难定论。不过，从中长期来看，随着电动汽车逐渐普及化的趋势，下游永磁材料的需求尚有较大的增长空间。部分品种的稀土产量指标与实际需求之间尚存在一定短缺，因此对未来稀土的价格行情应能持偏乐观的心态。

At present, this round is the adjustment period after crazy rising of rare-earth price and future market is difficult to conclude it rises or falls. But, from the middle and long term, as the trend of all-pervading electric car, the permanent magnetic materials in downstream has space to grow in demand. The rare earth production index of some products has a certain shortage with actual demands. Thus, it is positive towards future price of rare earth.

受稀土价格暴涨影响，下游应用企业新增订单较少，消化历史库存并观望的情绪浓厚，部分磁材企业都在逐步消化前期签订的老订单，前期低库存的小型磁材厂已经大幅减产或停产，行业洗牌正在进行中，大型磁材或将明显受益。

Influenced by spurt of price, applicable companies in downstream has less new orders and digest history stock which is waiting and see the market. Some magnetic material companies are digesting the orders signed in previous period. The small low-stock magnetic material factories reduce largely in production even stop production. Industry reshuffle is in progress which benefits a lot to big magnetic material factories.

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

2017年09月15日

September.15th, 2017

提示：以上信息仅供参考！

Notes: the information above is for reference only!