金力永磁稀土行情简报2514期（总第550期）04-14~04-18 - 稀土行情周报

金力永磁稀土行情簡報2514期（總第550期）04-14~04-18

更新時間：2025-04-24 14:15:50　點擊次數：1539

JL MAG Rare-Earth Industry Price Briefing 04-14~04-18

Week 16，2025

1. 重要新聞簡報Briefing of Important News

本周稀土市場行情，鐠釹、金屬釹、鏑鐵合金價格出現小幅下降，金屬鋱價格出現小幅上漲。亞洲金屬網周末價格: 鐠釹金屬價格516-519元/KG；金屬釹價格540-545元/KG；鏑鐵合金價格1620-1640元/KG；金屬鋱價格8750-8850元/KG。

In the rare earth market this week, the price of PrNd, Nd metal and DyFe alloy declined slightly, and the price of Tb metal rose slightly. The prices of Asian metal performed at the weekend: PrNd metal 516-519 RMB/KG; Nd metal 540-545 RMB/KG; DyFe alloy 1620-1640 RMB /KG; Tb metal price 8750-8850 RMB /KG.

2. 業內人士分析Analysis of Professional Insiders

本周（4月14日-4月18日）本周稀土市場偏弱運行，主流產品價格普遍下跌，市場活躍度一般，部分產品報價呈現沖高回落的趨勢。上游分離廠挺價惜售，報價堅挺。但下游需求疲軟，壓價采購。在出口管制政策影響下，鏑類產品小幅下跌，鋱類產品價格沖高回落，供應趨緊，海外市場的價格波動，推動鋱類高位震蕩。

This week (14th - 18th April), the rare earth market exhibited weak performance, with prices of mainstream products generally declining under moderate market activity. Some product quotations showed a trend of rallying before pulling back. Upstream separation plants remained reluctant to sell and maintained firm prices. However, downstream demand remained sluggish, with buyers pressuring prices in procurement. Affected by export control policies, dysprosium-based products experienced a slight decline, while terbium-based prices surged before retreating. Tightening supply and price fluctuations in overseas markets have driven terbium-based products to fluctuate at elevated levels.

輕稀土方面，需求端受美國對進口汽車加征關稅影響，中國釹鐵硼磁材出口訂單減少；中重稀土則因中國對鏑、鋱等7類中重稀土實施出口管制，國際市場出現恐慌性采購，鏑鐵合金海外報價較國內高出50%。政策層面，出口管制強化了中國對中重稀土的定價權，而工信部擬向高性能磁材傾斜開采指標，預計2025年鐠釹氧化物配額同比增15%，結構性緩解供應過剩。市場情緒與政策預期交織，輕稀土短期受出口壓制和替代技術沖擊，價格承壓；中重稀土則因戰略資源屬性和政策壁壘，被市場賦予更高溢價。長期來看，人形機器人國標立項和風電裝機旺季來臨，或為稀土需求提供新增長點。（包頭稀土產品交易所）

For light rare earths, weakened demand has been observed as U.S. tariffs on imported vehicles reduced export orders for China’s NdFeB magnets. In contrast, the medium-to-heavy rare earth sector saw panic buying in international markets due to China’s export controls on seven categories including Dy and Tb, with overseas prices for DyFe alloy surging 50% above domestic levels. At the policy level, these export controls have strengthened China’s pricing power over medium-to-heavy rare earths. Meanwhile, the Ministry of Industry and Information Technology (MIIT) plans to prioritize mining quotas for high-performance magnetic materials, with PrNd oxide quotas projected to rise 15% year-on-year by 2025, structurally easing supply overcapacity. With market sentiment and policy expectations intertwined, light rare earths face short-term price pressures from export constraints and substitution technologies, while medium-to-heavy rare earths command higher premiums due to their strategic resource status and policy-driven supply barriers. Long-term demand growth may emerge from the establishment of national standards for humanoid robots and the approaching peak season for wind power installations, potentially unlocking new demand drivers for the rare earth sector. (Baotou Rare Earth Products Exchange)
3.趨勢圖（參考亞洲金屬網）Tendency Chart (refer to Asian Metal)