JL MAG Rare-Earth Industry Price Briefing 11-11~11-15

Week 46, 2019

1. 重要新闻简报Briefing of Important News

本周稀土市场行情，镨钕，镝铁和铽价格有小幅下降。亚洲金属网价格: 镨钕金属价格357-362元/KG，镝铁合金价格1520-1540元/KG，金属铽价格4370-4420元/KG。

This week, prices of PrNd, DyFe and Tb decreased slightly. Price from Asian Metal at the weekend presented: PrNd metal 357-362 RMB/KG, DyFe 1,520-1,540 RMB/KG and Tb metal 4,370-4,420 RMB/KG.

据海关数据显示，2019年10月，中国稀土出口3639.2吨，环比增加1.92%，出口额2亿元。2019年1-10月，中国累计出口40037.2吨，同比去年的43079.6吨下滑7.1%。稀土出口总额26亿元，同比去年的27.9亿元下滑6.9%。

According to data of customs, China has exported 3639.2 tons of rare earth with amount of 200 million Yuan in October, with increase of 1.92% year on year. China has exported 40037.2 tons from January to October, with decrease of 7.1% comparing to 43079.6 tons of last year. The total export amount is 2.6 billion, with decrease of 6.9% comparing with 2.79 billion of last year.

2. 业内人士分析Analysis of Professional Insiders

本周稀土产品价格多数维持偏弱稳定状态，氧化镨钕等镨钕系价格较前期跌势有所企稳，市场需求维持偏弱状态，大厂报价相对坚挺，低价出货意愿较低，周内镨钕系价格降幅有限。中重稀土方面，氧化镝和氧化铽价格有所企稳并随着市场需求增加小幅上扬，尤以氧化镝价格上涨幅度更为明显，氧化镝受市场需求回暖加之大厂报价较为坚挺影响，周内价格有所企稳并有明显的回升。

Most of the prices of rare earth products remained weak and stable this week. The price of PrNd oxide and its series remained stable comparing with the previous period. The market demand remained weak. The price of large manufacturers was relatively firm, and the willingness to ship at low prices was low. It was hardly to get decreasing price of PrNd series this week. In terms of medium and heavy rare earths, the prices of Dy oxide and Tb oxide kept stabilized and increased slightly with the increase in market demand, especially the increase in the price of Dy oxide. The increase in the price of Dy oxide was more strongly affected by the market demand and price stabilization of Dy oxide and Tb oxide in this week.

上海有色认为目前市场宏观消息面对市场信心影响较小，市场产品价格主要受到供给和需求等基本面影响。2019年稀土二批指标下达，轻稀土方面指标量有所增加，预计后续氧化镨钕等轻稀土产品价格受供应增多下游需求总体一般偏弱影响将维持偏弱稳定运行。中重稀土方面，混合碳酸稀土矿进口逐渐恢复正常，中重稀土供应较紧局势有所缓和，但综合回收及贸易商掌握货源有限，大厂报价将对坚挺，预计若需求回落主流中重稀土价格将维持偏弱稳定状态。（上海有色网）

Shanghai Nonferrous believed that the current macro news of market has less impact on market confidence, and market product prices were mainly affected by fundamental factors such as supply and demand. In 2019, the second batch of rare earth index was issued, and the index of light rare earths has increased. It was expected that the prices of light rare earth products such as PrNd oxide would be weakened and stabilized due to the generally weaker downstream demand. In terms of medium and heavy rare earths, the imports of mixed rare earth ore were gradually returning to normal, and the supply of medium and heavy rare earths has been moderated. However, the comprehensive recycling and traders had limited resource, and the price of large manufacturers would be firm. It was expected that if the demand falls back the prices of heavy rare earths on the mainstream would remain weak and stable. (Shanghai Nonferrous Network)

北方稀土高科技股份有限公司发布11月稀土产品挂牌价格

Listing price on November from China North Rare Earth

南方稀土发布11月11日稀土氧化物挂牌价

Listing price on Nov 11th from China South Rare Earth

单位：万元/吨（出厂含税价）

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

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

2019年11月15日

Nov. 15th , 2019

提示：以上信息仅供参考！

Notes: the information above is for reference only!