JL MAG Rare-Earth Industry Price Briefing 12-23~12-27

Week 52, 2019

1. 重要新闻简报Briefing of Important News

本周稀土市场行情，镨钕价格相对稳定，镝铁和铽价格继续上涨。亚洲金属网价格: 镨钕金属价格358-363元/KG，镝铁合金价格1670-1690元/KG，金属铽价格4480-4530元/KG。

This week, price of PrNd is relatively stable while DyFe and Tb continue to rise. Price from Asian Metal at the weekend presented: PrNd metal 358-363 RMB/KG, DyFe 1,670-1,690 RMB/KG and Tb metal 4,480-4,530 RMB/KG.

2. 业内人士分析Analysis of Professional Insiders

本周稀土市场整体不佳，整体走势相对乏力。镨钕产品表现弱势，但后期弱势减缓，镝铽系产品本周虽有延续上涨，但动力削弱，后期发力不足。缅甸封锁稀土存在诸多不稳定因素，加上国内镝铽刚需冷淡，且价位处于中高位置，业内较为谨慎，导致镝铽涨势有所放缓。

This week, the overall rare earth market turnover was poor, and the overall trend was relatively weak. The prices of PrNd products were in a weak status, but the weakness slowed down in the later period. Although Dy and Tb products continued to rise this week, the momentum was weakened, and the strength in the later period was insufficient. There were many unstable factors caused by the blockade of rare earth in Myanmar. In addition, the domestic demand for Dy and Tb is cold, and the prices were in the middle and high level, so the industry was more cautious, resulting in a slowdown in the rise of Dy and Tb.

缅甸封关后续传出较多不稳定因素，但目前国内各企业反馈稀土矿库存不足，镝铽价位仍保持稳健，国内企业带来的影响比重加大。镝铽贸易热度在本周有所降温，但刚需采购价位仍与报价涨幅保持同步，业内部分大厂镝铽库存维持在各自基准线上以备后续变化，相比镨钕，镝铽明显不存在多少竞价压力，且业内对镝铽未来可能出现的涨幅仍存期待。

There were many unstable factors after the closure of Myanmar, but at present, domestic enterprises reported that the rare earth ore inventory was insufficient, the price of Dy and Tb remained stable, and the impact of domestic leading enterprises increased. The trade heat of Dy and Tb has cooled this week, but the purchase price of rigid demand still keeps pace with the increase of quotation. The stocks of Dy and Tb of some large factories in the industry are kept on their respective benchmark lines for subsequent changes. Compared with PrNd, there is obviously no bidding pressure on Dy and Tb, and the industry still expects possible increase of Dy and Tb in the future.

短期预测：元旦与春节期间，各生产企业存在不同的备货需求，稀土专用物流也初步在下月中旬停运，在此期间小幅采购集中将会出现。目前镨钕虽仍有弱势，但基于成本压力弱势趋缓，后续采购将有可能止跌维稳，不排除小幅试探上调的可能。受镨钕影响，钆、钬系产品未来走势亦有可能小幅转好，但大体仍保持稳定。镝铽采购量较少，后续成有望小幅上移，但动力减弱，厂家报价将大致稳定。（瑞道稀土资讯）

Short term forecast: during the New Year's Day and the Spring Festival Holidays, the production enterprises have different demand for goods preparation, and the special logistics for rare earth will be suspended in the middle of next month, during which a small amount of centralized procurement will occur. At present, although PrNd are still weak, but the weak trend of cost pressure slows down, subsequent procurement will probably stop falling and maintain stable, might be the possibility of a small trial increase. Affected by PrNd, Gd and Ho products may also improve slightly in the future, but remain stable in general. The purchase volume of Dy and Tb are small, and the subsequent transaction is expected to move up slightly, but the trend is weakened, and the manufacturer's quotation will be generally stable. (Ruidow Rare Earth Info)

南方稀土发布12月23日稀土氧化物挂牌价

Listing price on Dec 23rd 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12月27日

Dec 27th, 2019

提示：以上信息仅供参考！

Notes: the information above is for reference only!