金力永磁稀土行情简报201617期（总第133期）05-01~05-06

JL MAG Rare-Earth Industry Price Briefing 05-01~05-06

2016年19周

Week 19, 2016

1. 重要新闻简报Briefing of Important News

■.本周稀土市场金属价格持续上涨。亚洲金属网价格:镨钕金属333-338元/KG，镝铁合金价格1280-1310元/KG，铽金属价格3080-3180元/KG。

This week the price of rare earth metal keeps rising. Prices from Asian Metal at weekend present: PrNd: 333-338RMB/KG, DyFe: 1280-1310RMB/KG, Tb Metal: 3080-3180RMB/KG.

2. 业内人士分析Analysis of Professional Insiders

今年以来，全国有色金属价格出现较大幅度上涨。市场监测数据显示，2016年4月，全国大宗商品价格指数(CCPI)中，有色类比今年初上涨8.1%。进入5月份后，全国有色金属价格继续高位运行。重要有色金属品种中，今年5月初与去年3季度低点相比，国内期货铜主力合约价格大约上涨15%，镍价格大约上涨16%；铝价格则上涨30%左右。国内钨精矿价格从去年12月底开始反弹，现今价格涨幅也接近3成。其它有色金属及冶炼原料价格也都有程度不同上涨。预计今年全国主要有色金属平均价格高出上年水平的概率越来愈大。

This year, the national non-ferrous metal prices rise significantly. Market monitoring data shows that in April 2016, non-ferrous from the China commodity price index (CCPI) has increased 8.1% compared to early this year. After entering in May, the national non-ferrous metal prices keep on a high level. Compared the prices of important non-ferrous metals from early may this year to the low point of third quarter last year, the main domestic copper futures contract price has risen about 15%, nickel about 16%, and aluminum 30%. Domestic concentrate tungsten price has rebounded since the end-December last year, its increase is now close to 30%. Other non-ferrous metals and smelting raw materials prices also have increase on different levels. It is expected that the average prices of main non-ferrous metals will be more and more probably higher than the previous year.

虽然此轮有色金属价格涨势有些猛烈，但总体来看，仍然属于合理回归。其依据主要有：一是价位超低反弹。推动此轮有色金属价格上涨的主要因素，在于前期价格下降过多，普遍跌破其中位成本，致使相关企业盈利急剧缩水，甚至出现严重亏损。　二是仍然属于历史相对低位。虽然今年以来有色金属价格涨幅较大，但比去同期依然下降。

This round of non-ferrous metal price increase is quite swift, however, overall it is still a reasonable rebound. Main reasons: first it's a rebound at ultra-low point. The most important factor of this round price increase is because previous prices fell too much and are commonly below its average cost, which results sharp profit decrease at relevant companies, even with heavy losses; second prices are still at historical relative low point. Although since this year non-ferrous metal prices has a large increase, but still decline compared to the same period last year.

既然当前及今后有色金属价格，因为投机旺盛而过快、过多上涨，不利于中国经济，那么就需要我们在坚持经济稳增长的同时，强化有色金属市场运行监管，尤其是要抑制其中的投机炒作泡沫，防范其过快、过多地偏离合理水平。现在国内监管部门已经出手，相关商品期货交易所相继出台监管和降温措施，如提高交易手续费、增加保证金、打击高频交易等，这些都是十分必要的。

Since the too fast and too much price increase of non-ferrous metals at present and in the future caused by speculation is not conducive to China's economy, we need to insist on a steady economic growth, and at the same time strengthen the non-ferrous metal market monitoring, especially to curb the speculation bubble, to prevent its too fast and too much deviation from reasonable level. Domestic regulators have stepped in and related commodity futures exchanges have issued regulations and cooling measures, such as raising transaction fees, increasing the margin, hit the high-frequency trading, etc., which are very necessary.

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

2016年05月07日

May 07th, 2016

提示：以上信息仅供参考！

Notes: the information above is for reference only!