金力永磁稀土行情简报1940期（总第302期）10-21~10-25 - 稀土行情周报

金力永磁稀土行情簡報1940期（總第302期）10-21~10-25

更新時間：2019-10-28 09:22:00　點擊次數：2544

JL MAG Rare-Earth Industry Price Briefing 10-21~10-25

Week 43, 2019

1. 重要新聞簡報Briefing of Important News

本周稀土市場行情，鐠釹，鏑鐵和鋱價格都有所下調。亞洲金屬網價格: 鐠釹金屬價格375-380元/KG，鏑鐵合金價格1600-1620元/KG，金屬鋱價格4700-4750元/KG。

Rare earth market this week showed prices fall for PrNd, DyFe and Tb. Price from Asian Metal at the weekend presented: PrNd metal 375-380RMB/KG, DyFe alloy 1,600-1,620RMB/KG and Tb metal 4,700-4,750RMB/KG.

2. 業內人士分析Analysis of Professional Insiders

本周稀土整體走勢不容樂觀，各系產品均出現不同程度明顯下滑，但后期鐠釹鏑鋱主流產品弱勢趨緩，后續預期雖仍有下行空間但幅度及走向存在差異。

The overall trend of rare earth this week is not optimistic and all series of products have different degrees of significant decline, but late stage PrNd, Dy and Tb mainstream products weakness is slowing, the follow-up is expected to still have downward space but there is difference for the extent and direction.

造成此次下滑的主要原因除需求處于冷淡期外，業內對供給的增加預期加劇了持貨商恐慌心理導致搶跑出貨。輕稀土方面，距離指令計劃下發的期限逐漸逼近，受指標限制的分離產能有放寬風險；重稀土方面，騰沖海關仍持續通關，后續是否封關暫不確定，畏高心態促使散貨提前拋售，價位迅速趨向采購成本。

The main reason for the decline in addition to the demand in the cold period, the increase in supply in the industry is expected to aggravate the fear of cargo owners leading to false shipment. With respect to light rare earth, the deadline for issuing the instruction plan is approaching, and the separation capacity limited by the index is at risk of relaxation. In terms of heavy rare earth, Tengchong customs is still continuing to clear the customs, whether the subsequent closure is temporarily uncertain, fear of high mentality prompted bulk goods to sell ahead of time, the price quickly approached the purchase cost.

鐠釹產品弱勢逐步放緩，成本壓力的抗拒效應開始出現。鏑鋱雖然有散貨商畏高搶跑，但鏑鋱庫存相對集中在南方幾家集團，且散貨成本較高，目前價位已臨近市場散貨收購成本，貿易商及散貨再度讓價的空間已然不大，且業內向穩心態強烈，再者新生產庫存則更為集中在集團，鏑鋱價位具備較強的控制能力。

The final weakness of PrNd products gradually slowed down and the resistance effect of cost pressure began to appear. For Dy and Tb, although there is a bulk cargo business with fear of high price and getting false start, Dy and Tb inventories relatively concentrated in several groups of south and bulk cost is higher, the price is close to market bulk purchase cost, the space of price concession again from traders and bulk business is small, and the industry to the steady state of mind is strong, and also new production inventory are more concentrated in the group, the price of Dy and Tb has strong control ability.

四季度并無過多需求亮點，但國外訂單備貨將逐步開展，磁材行業雖大概率仍以剛需采購為主，但采購量有望增加，對緩解稀土走勢有一定支撐。輕稀土方面，鐠釹雖臨近歷史轉折點，但若無突發事件僅由市場自我發展，尚有較長的一段弱穩時間。重稀土方面，鏑鋱產品在當下價位暫時“止跌"，但隨著高位散貨庫存出清，新進緬甸稀土產量逐步補充，仍有緩慢下移可能，但不排除政策利好的可能性，或將影響后續鏑鋱走向。（瑞道稀土資訊）

There was no bright spot in demand for Q4, but foreign order preparation will be gradually carried out, although the probability of the magnetic industry is still based on the demand for procurement, but the purchase volume is expected to increase, which has some support to the alleviation of rare earth trend. For light rare earth, although PrNd is near to historical turning point, but if no emergency only by the market self-development, there is a long period of weak stability time. For heavy rare earth, Dy and Tb products in the current price temporarily "stop falling", but with the clearance of high bulk cargo inventory, the new Myanmar rare earth production gradually supplement, there is still a slow-down possibility, but do not rule out the possibility of favorable policy, or will affect the subsequent Dy and Ty trend.(Ruidao rare earth information)

南方稀土發布10月23日稀土氧化物掛牌價

Listing price on Oct.23rd from China Southern Rare Earth

單位：萬元/噸（出廠含稅價）

Unit:10,000RMB/T(EXW price incl. VAT)