JL MAG Rare-Earth Industry Price Briefing 09-02~09-06

Week 36, 2019

1. 重要新闻简报Briefing of Important News

本周稀土市场行情，镨钕价格继续上涨，镝铁和铽价格保持平稳。亚洲金属网价格: 镨钕金属价格408-413元/KG，镝铁合金价格1900-1920元/KG，金属铽价格5100-5150元/KG。

This week, price of PrNd continued to rise while DyFe and Tb kept stable. Price from Asian Metal at this weekend presented: PrNd metal 408-413RMB/KG, DyFe alloy 1900-1920RMB/KGand Tb metal 5100-5150RMB/KG.

2. 业内人士分析Analysis of Professional Insiders

本周氧化镨钕、氧化钕、氧化镝、氧化铽和氧化钆价格均有所上调。受到部分上游冶炼分离厂停产影响，市场对后市氧化镨钕供应趋紧存在预期，金属及下游磁材企业逐渐接受氧化镨钕价格，较前期有所回暖。

Prices of PrNd oxide, Nd oxide, Dy oxide, Tb oxide and Ga oxide have all risen this week. Affected by the shutdown of some upstream smelters and separators, it is expected that the supply of Nd oxide will be tightened in the future. Metals and downstream magnetic materials enterprises gradually accept the price of Nd oxide which is warmer than the earlier period.

上游大厂商家挺价意愿较浓，对后市氧化镨钕价格走势观点较为积极。氧化镝、氧化铽虽前期收到泛亚公司拍卖单价较低货源和市场需求不振影响小幅走弱，但短期来看目前泛亚公司拍卖的氧化镝和氧化铽并未大量流入市场，随着需求小幅回暖和矿原料供应趋紧的情况未有改善，本周氧化镝和氧化铽的价格也较前期有所上涨，氧化钆受此带动价格亦有所上扬。

Large upstream manufacturers have strong willingness to bid, and they have a positive view on the price trend of Nd oxide in the future. Although Dy oxide and Tb oxide prices got a bit weak affected by low unit price from Pan-Asian and weak market demand in the early stage, in the short term those materials did not flow into the market in a large amount, with the warming of demand and the tight supply of ore raw materials did not improve this week, price of Dy oxide and Tb oxide got higher than that of earlier period, and the price of Ga oxide is also higher.

目前稀土市场虽需求方面未完全回暖，但市场信心较为充足，商家普遍对后市持看好态度，上游商家挺价意愿较浓。预计氧化镨钕、氧化钕受供应影响，后期仍存在上行动能。预计进入9月受需求提振影响，氧化镝、氧化铽价格上行空间仍存。（上海有色网）

At present, although the demand of rare earth market has not fully recovered, the market confidence is sufficient, businessmen generally hold a bullish attitude towards the future market, and upstream businessmen have a strong willingness to bid. It is predicted that the supply of PrNd oxide and Nd oxide will be affected, and there will still be upward drive in the later period. It is expected that the price of Dy oxide and Tb oxide will continue to rise in September due to the boost in demand. (Shanghai Nonferrous)

南方稀土发布9月2日稀土氧化物挂牌价

Listing price on Sep 02nd from China South Rare Earth

单位：万元/吨（出厂含税价）

Unit: 10,000RMB/Ton (EXW price excl. VAT)

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

2019年9月6日

Sep. 06th, 2019

提示：以上信息仅供参考！

Notes: the information above is for reference only!