JL MAG Rare-Earth Industry Price Briefing 12-07~12.11

Week 48, 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下调，镝铁和铽的价格继续上涨。亚洲金属网周末价格: 镨钕金属价格520-525元/KG，金属钕价格635-640元/KG，镝铁合金价格1910-1930元/KG，金属铽价格8350-8400元/KG。

This week, prices of PrNd and Nd fell slightly, while the price of DyFe and Tb continued to rise. Prices from Asian Metal at this weekend presented: PrNd metal 520-525 RMB/KG, Nd metal 635-640 RMB/KG , DyFe alloy 1,910-1,930 RMB/KG, and Tb metal 8,350-8,400 RMB/KG.

2.       业内人士分析Analysis of Professional Insiders

本周稀土市场经历较多动荡，来自政策及企业的影响更为明显，虽然需求支撑仍在，但在平抑物价的目标前提下，整体市场表现较弱。其中镨钕主动抑价表现为高位被动下压，镝产品利好兑现且幅度远不如预期主动下调，其余产品或稳或弱，后续来看高位调整仍将继续。

The rare earth market experienced more turbulence this week, with more obvious influence from policies and enterprises. Although demand support is still in place, the overall market performance is weak under the goal of calming prices. Among them, active underpricing of PrNd showed passive pressure at a high level; Dy products were positively cashed and the range was far less than the expected active reduction; other products were stable or weak, and the subsequent adjustment at a high level will continue.

北方稀土挂牌后短暂下调于稀交所上架现货，在需求的支撑下镨钕企业开始回拉价位，磁材询单热度随即恢复。然而周五北方稀土再度上架原有百吨金属，短暂的涨幅随即消失，随之而来的又是散货的抢跑与下游的观望。周五下午，北方稀土再度下架现货金属，虽刚刚反应，但市场动向已有再度重复的苗头。

After the listing of North Rare Earth, it was temporarily lowered and listed on the rare stock exchange, in the support of demand for PrNd enterprises began to pull back the price, magnetic material inquiry heat immediately resumed. However, North Rare Earth returned to the shelves with original 100 tons of metal on Friday, and the temporary gains disappeared, followed by the snatching of bulk cargo and downstream watching. North Rare Earth again off the shelf spot metal on Friday afternoon, although just reaction, but the market trend has been repeated signs.

后续判断：下游需求支撑仍在，但目前平抑、稳定稀土价位的政策导向已然再明显不过。短期内金属镨钕主流价位将维系在当下越来越收窄的区间内，拉涨及抛售行为均可能再度受到龙头企业的调控。（瑞道稀土资讯）

Follow-up prediction: Downstream demand support is still in place, but the policy direction to calm and stabilize rare earth prices is now clear. In the short term, the mainstream price of PrNd metal will be maintained in the current increasingly narrow range, the pull up and selling behavior may be controlled by the leading enterprises again. (Ruidow Rare Earth Information)

北方稀土高科技股份有限公司发布12月稀土产品挂牌价格

Listing price of December from China Northern Rare Earth

南方稀土发布12月07日稀土氧化物挂牌价

Listing Price of Rare Earth Oxides on Dec. 07th 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12月11日

Dec 11, 2020

提示：以上信息仅供参考！

Notes: the information above is for reference only!