金力永磁稀土行情简报201804期（总第217期）01-15~01-19

JL MAG Rare-Earth Industry Price Briefing 01-22~01-26

Week 4, 2018

1. 重要新闻简报Briefing of Important News

本周稀土市场行情镨钕，镝铁和铽价格继续保持平稳，与上周价格持平。亚洲金属网价格:镨钕金属价格425-435元/KG (26日上海有色，430-440元/KG)，镝铁合金价格1180-1210元/KG (26日上海有色，1195-1210元/KG)，金属铽价格4000-4050元/KG (26日上海有色，3950-4100元/KG).

This week the price of PrNd, DyFe and Tb continues to remain stable, which is generally balanced with last week. Price from Asian Metal at this weekend presented: PrNd metal is 425-435 RMB/KG (430-440RMB/KG on 26th, Jan. from SMM); DyFe alloy is 1,180-1,210RMB/KG (1,195-1,210 RMB/KG on 26th, Jan. from SMM); and Tb metal is 4,000-4,050RMB/KG (3,950-4,100 RMB/KG on 26th, Jan. from SMM).

2. 业内人士分析Analysis of Professional Insiders

稀土价格以稳为主，政策预期不明，上下游商家开始观望。上游出货没有放量，商家报价也没有什么变化；下游询单也没有增加，市场成量少。工信部召开稀土相关会议，刺激了部分商家的心态，情绪上看好后市，但继续上涨动力并不足。目前氧化镨钕33万元/吨，金属镨钕42-44万元/吨，氧化镝117万元/吨，氧化铽305万元/吨，预计后市稀土价格持稳为主。（百川资讯杜帅兵）

The price of rare earth is basically stability-oriented, the expectation of the policy is unknown, the businessmen of upstream and downstream are beginning to wait and see. The upstream shipment has not been increased, there is little change in the quotation from merchant; the downstream enquiry has not been increased, and the market trading volume is small. The MIIT convened meetings related to rare earth, stimulating the mentality of some businesses, optimism on aftermarket emotionally, but the power to rise continuously is insufficient. At present, PrNd oxide is 330,000RMB/T, PrNd metal is 420,000-440,000RMB/T, Dy oxide is 1,170,000RMB/T and Tb oxide is 3,050,000RMB/T. The rare earth price of aftermarket is expected to be stability-oriented. (Du Shuaibing, Baichuan INFO)

美得龙资源公司(Medallion Resources)认为清洁能源和环保产业是稀土需求的核心驱动，意味着这是稀土产业新项目进入的机会点。磁体对金属的需求增长孕育着新一轮价格和稀土交易牛市的萌芽。随着越来越多的电机模型设计依赖于永磁体，2018年发布的电动汽车中永磁电机的设计将是一个令人关注的方向。如果越来越多的生产商转向稀土永磁体的设计，则对稀土的需求势必会跟进。同时日益增长的绿色环保产业要求，脱硝脱硫对稀土镧铈的需求也会增长。

Medallion Resources believes that clean energy and environmental protection industry is the core driving of rare earth demand, which means that has opportunity to access to the rare earth industry new project. The growth of magnets' demand on metal is pregnant with the seeds of a new round of prices and the rare earth trading bull market. With more and more motor model designs relied on permanent magnets, the design of permanent magnet motors in electric vehicles released in 2018 will be a focus. If more and more manufacturers turn to the design of rare earth permanent magnets, the demand for rare earth is bound to follow. At the same time, with the growing requirement for green industry, that the demand of rare earth lanthanum and cerium will be increased because of denitration and desulphurization.

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

2018年1月26日

Jan. 26th, 2018

提示：以上信息仅供参考！

Notes: the information above is for reference only!