as电玩

JL MAG Rare-Earth Industry Price Briefing 03-23~03-27

Week 13, 2020

1.     重要新闻简报Briefing of Important News

本周稀土市场行情，镨钕和铽的价格相对稳定，镝铁价格上涨趋势放缓。亚洲金属网周末价格: 镨钕金属价格338-343元/KG，金属钕价格378-383元/KG，镝铁合金价格1800-1820元/KG，金属铽价格5300-5350元/KG。

This week, price of PrNd and Tb was relatively stable, price of DyFe increased slowly. Price from Asian Metal at this weekend presented: PrNd metal 338-343 RMB/KG, Nd metal 378-383 RMB/KG, DyFe alloy 1,800-1,820 RMB/KG and Tb metal 5,300-5,350RMB/KG.

2.       业内人士分析Analysis of Professional Insiders

本周国内需求市场刚刚从疫情中恢复，国内稀土下游需求尚有一定的底蕴和蓄力，国内稀土走势仍不太可能因此而出现较大波动。

The domestic demand market has just recovered from the epidemic this week. The downstream domestic demand for rare earths still has certain background and storage capacity. Therefore the domestic trend of rare earths is still unlikely to fluctuate.

未来预测：出口订单的损失加重了国内稀土供过于求的局面，生产企业在成本尚可维持的状态下不会轻易放弃生产转而承受更大的空仓损失，国内供给短时间内难以看到明显的收缩，这意味着价位仍会因供给端的竞争继续下调。

Future forecast: the loss of export orders has exacerbated the oversupply situation of domestic rare earths. Manufacturers will not easily abandon production and sustain greater losses in short positions while the cost is still maintained. It is difficult to see a significant contraction in domestic supply in a short period of time. This means that prices will continue to fall due to supply-side competition.

轻重下调的幅度存在差异：轻稀土尤其镨钕在当下阶段已经处于倒挂，而原料下调较为缓慢，镨钕虽仍较大可能处于弱势但下行速度不会明显。重稀土相比镨钕对进口市场依赖更为严重，缅甸虽有辅料限制但生产仍在一定范围内进行。（瑞道稀土资讯）

There is a difference in the magnitude of the downward adjustment: light rare earth, especially PrNd, has already upside down at the current stage, and the raw material downward adjustment is relatively slow. Although PrNd may still be relatively weak, the downward speed will not be obvious. Heavy rare earth is more dependent on the import market than PrNd. Although Myanmar has restrictions on excipients, production is still within a certain range. (Ruidow Rare Earth Information)

南方稀土发布3月23日稀土氧化物挂牌价

Listing Price of Rare Earth Oxides on Mar. 23rd 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3月27日

Mar 27th, 2020

提示：以上信息仅供参考！

Notes: the information above is for reference only!