JL MAG Rare-Earth Industry Price Briefing 08-03~08-07

Week 32, 2020

1.     重要新闻简报Briefing of Important News

本周稀土市场行情，镝铁和铽的价格较为稳定，镨钕和金属钕价格小幅上涨。亚洲金属网周末价格: 镨钕金属价格400-405元/KG，金属钕价格415-420元/KG，镝铁合金价格1800-1820元/KG，金属铽价格5900-5950元/KG。

This week, the price of DyFe and Tb was relatively stable while the price of PrNd and Nd metal rose slightly. Price from Asian Metal at this weekend presented: PrNd metal 400-405 RMB /KG, Nd metal 415-420 RMB/KG, DyFe alloy 1,800-1,820 RMB/KG, and Tb metal 5,900-5,950RMB /KG

2.     业内人士分析Analysis of Professional Insiders

继上周坚挺走势，镨钕产品在本周涨速大幅加快，且受镨钕产品影响稀土全线产品询单热度升温，稀土整体市场异常活跃。

Following the strong trend of last week, PrNd products in this week up sharply, and affected by PrNd products across the range of rare earth products inquiry heat up, rare earth market is unusually active.

各生产企业现货及原料短缺仍是此次涨幅的直接原因，集团及大厂自上周开始收紧镨钕销售，而加速的涨幅更加剧了上游惜售心态，下游短暂的犹豫过后迅速调整主动采购，氧化镨钕、氧化钕等代表产品成交价位变动频繁。

Spot and raw material shortage of all manufacturers is still the direct reason for this increase. Since last week, the group and large factories have tightened their sales of PrNd, and the accelerated increase has intensified the upstream reluctance to sell. After a short period of hesitation, the downstream quickly adjusted the active purchase, and transaction prices of representative products such as PrNd oxide and Nd oxide changed frequently.

镨钕纳入国储迹象愈加明显，集团及大企动作及表现也较为吻合,另一方面，收储的时间至关重要，收储前后大概率引发价格剧烈波动。收储过后虽然市场库存大幅收缩，但其收缩量主要集中在各交货集团的准备库存，原始流通库存不变，而集团交储后的剩余库存必然流入市场导致流通库存增加。此外，收储前不可避免引发拉涨虚高，利好过后同样存在回落风险。（瑞道稀土资讯）

The signs of the inclusion of PrNd in the state reserve are more obvious, and the actions and performances of groups and large enterprises are also consistent. On the other hand, the time of the acquisition of PrNd is of great importance and the large probability before and after the acquisition of PrNd will cause drastic price fluctuations. Although the market inventory has shrunk substantially after the reserve, the shrinkage is mainly concentrated in the preparatory inventory of each delivery group, and the original circulation inventory remains unchanged, while the surplus inventory after the group's exchange and storage will inevitably flow into the market, leading to the increase of circulation inventory. In addition, before the reserve of stocks will inevitably lead to inflated prices, there is also a risk of falling after the good news. ( Ruidow Rare Earth Information)

南方稀土发布08月03日稀土氧化物挂牌价

Listing Price of Rare Earth Oxides on August 3rd 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08月07日

August 7, 2020

提示：以上信息仅供参考！

Notes: the information above is for reference only!