JL MAG Rare-Earth Industry Price Briefing 08-24~08-28

Week 35, 2020

1.     重要新闻简报Briefing of Important News

本周稀土市场行情，镨钕、金属钕和镝铁价格小幅下降，铽的价格较为稳定。亚洲金属网周末价格: 镨钕金属价格438-443元/KG，金属钕价格455-460元/KG，镝铁合金价格1760-1780元/KG，金属铽价格6330-6380元/KG。

This week, price of PrNd, Nd metal and DyFe declined a little and Tb was stable. Price from Asian Metal at this weekend presented: PrNd metal 438-443 RMB /KG, Nd metal 455-460 RMB/KG, DyFe alloy 1,760-1,780 RMB/KG, and Tb metal 6,330-6,380RMB /KG.

2.       业内人士分析Analysis of Professional Insiders

本周稀土整体市场延续弱势，代表产品镨钕有所下滑，但下滑速度平缓，且上游挺价心态强烈。此外整体弱势环境中重稀土铽有所上调。长期来看，未来稀土市场仍有良好预期空间。

The overall market for rare earths continued to be weak this week, representing a decline in the product of PrNd, but the rate of decline has been slow, and the upstream mentality is strong. In addition, the heavy rare earth Tb has been raised in the overall weak environment. In the long run, there would be still room for good expectations in the rare earth market in the future.

镨钕此次下调主要体现在原料及氧化物端，金属现货流通仍不至于过剩，且从市场参与者来看，主要由贸易商及部分小厂率先下调，生产企业基于较高的原料库存成本挺价尚属坚挺。此次下调幅度不大，后期下滑速度明显趋缓，加之龙头企业仍保持收紧出货策略，业内对后期恢复走势存在一定信心。

The reduction of PrNd price was mainly reflected in the raw materials and oxides. The spot good of metal transaction was still not excessive. From the perspective of market participants, it was mainly lowered by traders and some small factories. Manufacturers hold out the price based on high raw material inventory costs so the price was still strong. The rate of reduction this time was not big, and the slowdown in the later period has obviously slowed down. In addition, leading companies still maintained their strategy of tightening delivery, the industry had certain confidence in the recovery trend in the later period.

未来预测：基于未来订单部分透支在本月，镨钕新增需求至少两周时间内难以对走势造成支撑，企业原料库存及现有产能相对需求充足，短时间内镨钕较难出现扭转契机。另一方面，近期的涨势也造成了生产企业普遍库存成本抬高，上游让利空间必然不大，下滑趋势有望逐步放缓至趋稳。（瑞道稀土资讯）

Future forecast: Based on the partial overdraft of future orders in this month, the new demand for PrNd would hardly support the trend for at least two weeks. The relative demand for raw material inventory and existing production capacity of the manufacturers were sufficient. On the other hand, the recent uptrend has also caused the rising cost of general inventory for manufacturers, and there was bound to be little room for upstream to surrender part of profits, and the downward trend was expected to gradually slow down to stabilize. (Ruidao Rare Earth Information)

北方稀土高科技股份有限公司发布8月稀土产品第二次挂牌价格

Listed price presented by CNRE for the second time in August

南方稀土发布08月24日稀土氧化物挂牌价

Listing Price of Rare Earth Oxides on Aug 24th from CSRE

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28日

Aug 28th, 2020

提示：以上信息仅供参考！

Notes: the information above is for reference only!