JL MAG Rare-Earth Industry Price Briefing 04-22~04-26

Week 17, 2019

1. 重要新闻简报Briefing of Important News

本周稀土市场行情，镨钕,镝铁和铽价格保持平稳。 亚洲金属网价格: 镨钕金属价格332-337元/KG (上海有色，330-335元/KG)，镝铁合金价格1460-1480元/KG (上海有色，1480-1490元/KG)，金属铽价格4050-4100元/KG (上海有色，4040-4070元/KG)。

This week, prices of PrNd, DyFe and Tb kept stable. Price from Asian Metal at this weekend presented: PrNd metal 332-337RMB/KG (price from SMM: 330-335 RMB/KG), DyFe alloy 1,460-1,480RMB/KG (price from SMM: 1,480-1,490RMB/KG), and Tb metal 4,050-4,100RMB/KG (price from SMM: 4,040-4,070RMB/KG).

2. 业内人士分析Analysis of Professional Insiders

本周长久弱势的稀土市场出现一丝转机，轻重稀土整体稳中向好。轻稀土镨钕产品暂时止跌并小幅上涨，重稀土产品延续稳健部分产品小幅上调。下游采购回暖，轻重交量均有改善。

It appears a turnaround this week after a long-time weakness on the rare earth market, the overall status of rare earth performs stable in the good trend. Price of light rare earth PrNd products temporarily stopped falling and rose slightly, part of heavy rare earth products continued to be stable with a small increase. Because of the downstream procurement recovery, the trading volume of both light and heavy rare earth is improved.

随着镨钕弱势减缓逐步趋稳，加上现有价格临近南方分离厂家成本，业内对于镨钕走势转折的预测比重增多，下游也出于回避触底反弹风险的考虑在本周初陆续开始备货。重稀土产品同样在此次镨钕采购中受到带动，镝铽系氧化物价位稳定但交量小幅回升，钆钬系氧化物小幅上涨。

As the weakness of PrNd slowed down and gradually stabilized, and the current price was close to the cost of the southern separation manufacturers, the proportion of the forecast of the trend change of PrNd in the industry increased, and the downstream also began to prepare goods at the beginning of this week for avoiding the risk of bottoming out and rebounding. Heavy rare earth products were also driven by the purchase of PrNd, Dy and Tb oxide prices have stabilized but slightly recovered volume, Gd and Ho oxide volume rose slightly.

本周镨钕出现小幅好转，价格低位稳定业内触底判断较多是主要因素，而下游的刚性需求集中则是转折的引线和催化剂。上游企业苦于市场弱势长期经营艰难，此次报价上调步伐较为一致，即使后续缺乏动力，上游企业的稳价心态必然保持强烈，预计近期镨钕价格将巩固现有涨幅实现稳定。(瑞道稀土资讯)

This week PrNd price appears small improvement, price low stability inside course of study hits bottom to judge more is the main factor, and the rigidity of downstream demand concentration is the lead that turns and catalyst. Upstream enterprises suffering from market weakness long-term difficult operation, the pace of price increase is relatively consistent, even if the follow-up lack of power, upstream enterprises must maintain a strong price stability mentality, it is expected that the recent PrNd price will consolidate the existing increase to achieve stability. (Ruidow Rare Earth Information)

南方稀土发布4月22日稀土氧化物挂牌价

Listing price on April 22 from China Southern Rare Earth

单位：万元/吨（出厂含税价）

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

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

2019年4月26日

April 26, 2019

提示：以上信息仅供参考！

Notes: the information above is for reference only!