JL MAG Rare-Earth Industry Price Briefing 07-13~07-17

Week 29, 2020

1.     重要新闻简报Briefing of Important News

本周稀土市场行情，镨钕和金属钕价格小幅上涨，镝铁和铽价格小幅下降。亚洲金属网周末价格: 镨钕金属价格370-375元/KG，金属钕价格387-392元/KG，镝铁合金价格1790-1810元/KG，金属铽价格5780-5830元/KG。

This week, price of PrNd and Nd Metal slightly increased, while DyFe and Tb decreased gently. Price from Asian Metal at this weekend presented: PrNd metal 370-375RMB/KG, Nd metal 387-392RMB/KG, DyFe alloy 1790-1810RMB/KG, and Tb metal 5780-5830RMB/KG.

2020年度全国稀土矿（稀土氧化物REO）开采总量控制指标为140000吨，其中岩矿型稀土矿（以轻稀土为主）指标120850吨，离子型稀土矿（以中重稀土为主）指标19150吨。与2019年相比，稀土矿开采总量控制指标增加0.8万吨，其中0.8万吨为轻稀土指标，重稀土指标保持不变。

In 2020, the total mining amount control index of rare earth ore (rare earth oxide) is 140,000 tons, of which the index of rock ore type rare earth ore (mainly light rare earths) is 120,850 tons, and the ion type rare earth mine (mainly heavy rare earths) is 19150 tons. Compared with 2019, the total mining amount control index of rare earth increased by 8000 tons, of which were light rare earth index and the one for heavy rare earths remain unchanged.

2020年度省（自治区）稀土矿开采总量控制指标

The 2020 Province (autonomous Region) total rare earth mining control index

2. 业内人士分析Analysis of Professional Insiders

本周稀土整体市场表现为轻稀土稳健而重稀土弱稳，最终两者走势均趋于平缓。需求上无论轻重稀土均无明显改观。

This week the overall market for rare earths showed that light rare earths are stable and heavy rare earths are weak, and eventually both trend tend to be level off. Demand for both light and heavy rare earths has not changed significantly.

镨钕产品本周继续小幅上涨，分离厂挺价态度较为统一，加上金属厂多按单生产库存过剩不多，镨钕产品本周仍表现稳健，但挺价效果随着价位高走逐步削弱，且业内畏高情绪逐步浓厚，镨钕产品成交及报价开始平稳。镝铽产品成交本周继续下滑，贸易热度降低，成交主体回归刚需采购。关于镝铽国储消息在近期有所冷却，集团稳价动作暂时撤力，但市场镝铽成本普遍较高，下滑也有较多抗力，且下滑速度不断缓和。

PrNd products continued to rise slightly this week, the attitude of the separation factory is basically uniform and the metal factory production inventory surplus is not much. Performance of PrNd products was still steady this week, but the price effect is gradually weakened with the high price. The high price leads to the gradually strong industry fear, PrNd products transaction and quotation began to stabilize. Dy&Tb products transaction continued to decline this week, with the decrease of trade heat, the transaction subject will return to rigid demand purchase. The news of the State Reserve on Dy&Tb has cooled recently, the Group's steady price action temporarily withdrew but the market cost is generally higher, the decline also has more resistance and the rate of decline has been easing.

短期预测：目前来看，整体稀土供需环境引导的走势趋弱，但企业的影响在供给并未出现严重过剩的环境下，在小幅空间内仍有一定的效果。此外，政策利好的提振效果不断走弱，市场已经疲于感知各类传言，敏感度不断降低。（瑞道稀土资讯）

Short-term prediction: at present, the trend led by the overall rare earth supply and demand environment is weakening, but the influence of enterprises still has some effect in a small space under the environment of no serious excess supply. In addition, the effect of policy support is weakening and the market is tired of perceiving all kinds of rumors, and its sensitivity is decreasing. (Ruidow Rare Earth Information)

南方稀土发布07月13日稀土氧化物挂牌价

Listing Price of Rare Earth Oxides on July 13th from China Southern Rare Earth

单位：万元/吨（出厂含税价）

unit: 10 thousand RMB/ ton (EXW price incl. tax)

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

2020年07月17日

July 17th, 2020

提示：以上信息仅供参考！

Notes: the information above is for reference only!