JL MAG Rare-earth Industry Price Briefing 2208（Issue No. 409）03-07~03-11

Week 11，2022

1.    重要新闻简报Briefing of Important News

本周稀土市场行情，镨钕、金属钕、铽和镝铁价格小幅下降。亚洲金属网周末价格: 镨钕金属价格1310-1320元/KG；金属钕价格1410-1420元/KG；镝铁合金价格3020-3040元/KG；金属铽价格18400-18600元/KG。

This week, the prices of PrNd, Nd metal, Tb and DyFe fell slightly. Prices from Asian Metal at the end of this weekend presented: PrNd metal 1,310-1,320 RMB/KG; Nd metal 1,410-1,420 RMB/KG; DyFe alloy 3,020-3,040 RMB/KG; Tb metal 18,400-18,600 RMB/KG.

 “找磁材”周末价格：镨钕金属价格1330-1340元/KG；金属钕价格1440-1450元/KG；镝铁合金价格3050-3070元/KG；金属铽价格18900-19100元/KG。

"Looking for magnetic materials" price presented: PrNd metal 1,330-1,340 RMB/KG; Nd metal 1,440-1,450 RMB/KG; DyFe alloy 3,050-3,070 RMB/KG; Tb metal 18,900-19,100 RMB/KG.

2.     业内人士分析Analysis of Professional Insiders

受上周五工信部一则与生产企业沟通的新闻通稿影响，本周稀土市场轻重产品均呈现下滑走势，周初试探小幅回调，周中期四家网站的约谈，使市场恐慌情绪蔓延，下滑速度明显加快，同时，部分悲观做空的企业，较大幅度的让利行为，让下游采购也出现迟疑，不稳定的价格，推迟了下游的采购节点，轻重稀土均出现不同程度的竞价变现局面。

Under the influence of a press release on the communication between the Ministry of Industry and Information Technology and manufacturing enterprises last Friday, the heavy and light products in the rare earth market showed a downward trend this week. At the beginning of the week, a small correction was tried. In the middle of the week, four websites had an interview, which made the market panic spread and the decline speed was obviously accelerated. At the same time, some pessimistic short selling enterprises have made substantial profit concessions; so that downstream procurement also appeared hesitation. The unstable price has delayed the downstream procurement node, the light and heavy rare earths have different degrees of auction situation.

 目前上下游仍保持正常开工情况，且下游订单普遍反馈维持高水平，同理，上游企业的生产排期也普遍紧张，不管是期货订单还是现货交单，分离及金属厂都在负荷生产。下游磁材普遍签订了长单，散货市场的补充，本就受市场情绪影响，这就决定了上游工厂挺价的信心与报价的底气，所以当下，明显可见工厂慢调的态势。

At present, upstream and downstream still maintain normal operation, and the general feedback of downstream orders remains high, similarly, production schedule of upstream enterprises are generally tight, whether futures orders or spot delivery, separation and metal plants are in load production. The downstream magnetic materials generally signed a long order, and the supplement of the bulk cargo market is affected by market sentiment, which determines the confidence and quotation of upstream enterprises, so at present, it is obvious that the enterprise’s slow trend.

短期来看，整体的供需环境在未发生明显的改变，镨钕后续下滑的幅度可能会缩小，政策预期的效果随价位不断低开可能会削弱，下游采购节点在推迟下单后，均在等合适时机补货。镝铽在本周后期频繁让利出货的节奏下，也侧面反映了市场对后市的担忧未有缓解，下周的发展仍难以明朗。（瑞道稀土资讯）

In the short term, the overall supply and demand environment has not changed significantly, the subsequent decline of PrNd may be reduced, and the expected effect of the policy may be weakened with the lower price. Downstream purchasing nodes are waiting for the appropriate time to replenish goods after postpones the order. Dy and Tb continued to sell at a brisk pace later in this week, reflecting concerns about the future of the market, which remains uncertain for next week. (Raidao Rare Earth Information)

北方稀土高科技股份有限公司发布3月稀土产品挂牌价格

Listing price of March from China Northern Rare Earth

南方稀土发布3月7日稀土氧化物挂牌价

Listing Price of Rare Earth Oxides on Mar. 7th from CSRE

单位：万元/吨（出厂含税价）

Unit: 10 thousand RMB/ ton (EXW price incl. tax)

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

2022年3月11日

March. 11th, 2022