JL MAG Rare-Earth Industry Price Briefing 09-14~09-18

Week 38, 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、镝铁和铽的价格小幅下调。亚洲金属网周末价格: 镨钕金属价格428-433元/KG，金属钕价格448-453元/KG，镝铁合金价格1680-1700元/KG，金属铽价格6170-6220元/KG。

This week, price of PrNd, Nd metal, DyFe and Tb declined a little. Price from Asian Metal at this weekend presented: PrNd metal 428-433 RMB/KG, Nd metal 448-453 RMB/KG, DyFe alloy 1680-1700 RMB/KG and Tb metal 6170-6220 RMB/KG.

2.     业内人士分析Analysis of Professional Insiders

本周稀土市场整体仍稍显弱势，幅度微弱且逐步趋稳，部分下游企业除刚需采购外库存储备也略有扩张。目前判断，稀土各主流产品下滑空间已然不大，虽然短期内尚欠缺上涨动力，但未来仍有较多期待与可能。

The rare earth market as a whole is still slightly weak this week, with a weak range and gradually stabilizing. Some downstream enterprises have also slightly expanded their inventory reserves in addition to rigid demand purchasing. At present, the mainstream rare earth products have little room for decline. Although there is still no upward momentum in the short term, there are still more expectations and possibilities in the future.

下游方面询价有所频繁，因大厂报价持续坚挺，部分磁材企业采取最低比例长协采购，库存率普遍维持在刚需线附近，镨钕稳定在即，支撑镨钕上涨的利好理论仍在，下游心态在本周有所活跃，但付诸行为仍表现谨慎。

The downstream inquiry has been frequent, due to the continuous firm quotation of major manufacturers, some magnetic material enterprises have adopted the lowest proportion of long-term cooperative procurement, and the inventory rate is generally maintained near the rigid demand line. The stabilization of PrNd is at hand, and the positive theory supporting the rise of PrNd is still in place. The downstream mentality has been active this week, but the behavior is still cautious.

短期预测：消息面的酝酿尚需一定时间，镨钕未来一周出现扭转的可能不大，但现货市场即将企稳，因氧化物成本压力开始凸显，即使贸易商与中小企业也不会出现明显下调。重稀土镝铽产品较大概率维持当下稳定，集团的收购动机目前仍倾向于维持稳定。（瑞道稀土资讯）

Short-term forecast: It will take some time for the messages to brew. A turnaround in PrNd is unlikely in the coming week, but the spot market is about to stabilize as the pressure on the cost of oxides begins to highlight, and even traders and S&M enterprises will not show significant downturns. The heavy rare earth products Dy and Tb are likely to remain stable, and the group's acquisition motive is still inclined to remain stable. (Ruidow Rare Earth Info)

南方稀土发布09月14日稀土氧化物挂牌价

Listing Price of Rare Earth Oxides on September 14th 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09月18日

Sep 18th, 2020

提示：以上信息仅供参考！

Notes: the information above is for reference only!