as电玩

as电玩永磁稀土行情简报201622期（总第138期）06-05~06-11

JL MAG Rare-earth Industry Price Briefing06-05~06-11

2016年第24周

Week 24, 2016

1. 重要新闻简报Briefing of Important News

本周稀土市场镨钕和镝铁价格有小幅下滑，金属铽价格相对稳定。亚洲金属网价格:镨钕金属341-346元/KG，镝铁合金价格1280-1310元/KG，铽金属价格3650-3750元/KG。

This week, the price of both PrNd and DyFe have a slight decline while Tb price is relatively stable. Prices from Asian Metal of this weekend present: PrNd is 341-346RMB/KG, DyFe is 1280-1310RMB/KG and Tb metal is 3650-3750RMB/KG.

2.业内人士分析Analysis of Professional Insiders

稀土国储会议于7日在北京召开，下午举行招标会议，截至目前，有消息称，稀土国储招标9个品种全部流标。

The rare earth national purchasing and storage meeting was held in Beijing on June 7th and bidding conference in the afternoon. So far, it is said that all the nine varieties are failed to be sold at auction.

据上海有色网报道，前两批商储收储量2600吨，国储招标量3870吨，符合此前市场说法，国储或许也分两批，与商储间或进行，是企业和国储局谈判妥协的结果。现今流标的价格与当前市场价格相比，有高有低，但相差均不大。鉴于当前市价下大部分企业仍处在成本倒挂边缘，SMM猜测流标原因大概率是招标价格不符合企业预期。

According to the report on Shanghai Metals Market, the previous two batches of commercial purchasing and storage volume is 2600 tons while the national purchasing and storage bidding volume is 3870 tons, which meet the market rumors. There's a big chance that the national purchasing and storage will also be divided into two batches and occasionally proceed along with commercial purchasing and storage, which is the compromise results after the negotiations between enterprises and State Reserve Bureau. We found that the price had no big difference between the failed price at auction and current market price. As most of the enterprises are on the edge of cost overhang under current market price, SMM speculate the reason that failed to be sold at auction is because the bidding prices do not meet the enterprise expectations.

　　此次流标后重启谈判的时间暂未定，按照历史规律来看，基本不可能在当月重启，各方利益仍需一定的时间磨合。但需警惕的是，四月以来稀土上涨多依赖政策催化，市场风险除开需求清淡外，唯系于收储进程正常推进。近两周来，因三批商储为时尚远，国储亦迟迟不见消息，下游企业考虑到需求没有明显好转，推迟补货下稀土原材料市场不活跃，此前涨幅过高品种纷纷回落。目前市场上下仍在等待国储会议由具体细则出台，现在预期落空，则市场中前期补涨过头的品种将难止跌，回调将继续。

The time for restarting the negotiation is not decided yet but according to the historical law, it will still need a certain amount of time to meet the interests of all parties which virtually impossible to restart within this month. But what worth alerting is the increasing of rare earth price since April is mainly rely on policy catalytic, the market demand is weak and only the rare earth purchasing and storage is proceed regularly. During the last two weeks, as the third batch of commercial purchasing and storage was still far and no update news on national purchasing and storage, the downstream companies had delayed the replenishment considering no sharply demand increase which lead to inactive trading conditions in rare earth raw material market and fall back of the price with high increase. Currently the market is waiting for the detailed rules and regulations from the rare earth national purchasing and storage meeting, but with the dis-confirmed expectancy, the variety with sharply increase in the early-middle period will be hard to stop falling and call-back will be followed.

3.企业新闻 Enterprise News

日前，由证券时报和中国风险投资研究院共同举办的“2016新三板投资峰会"在深圳隆重举行，现场同时发布了证券时报新三板百强榜榜单。江西as电玩永磁（835009）光荣上榜。

Currently, the “2016 NEEQ investment summit" which held together by Securities Times and CVCRI was observed the grand opening in Shenzhen. They issued the NEEQ top 100 list at the scene and JLMAG(stock code: 835009) is honorably in the list.

4.趋势图（参考亚洲金属网）Tendency Chart (refer to Asian Metal)

2016年06月11日

June 11th, 2016

提示：以上信息仅供参考！

Notes: the information above is for reference only!