金力永磁稀土行情简报201623期（总第139期）06-12~06-17

JL MAG Rare-Earth Industry Price Briefing 06-12~06-17

2016年第25周

Week 25, 2016

1. 重要新闻简报Briefing of Important News

本周稀土市场稀土价格均有小幅下滑。亚洲金属网价格:镨钕金属337-342元/KG，镝铁合金价格1270-1300元/KG，铽金属价格3620-3720元/KG。

This week the price of rare earth metal has a slight decrease. Prices from Asian Metal at weekend present: PrNd: 337-342RMB/KG; DyFe: 1270-1300RMB/KG; Tb Metal: 3620-3720RMB/KG.

海关数据显示，2016年5月，中国稀土出口量为4073吨，较去年同期增长55.58%，但仍不及3月；出口平均单价环比涨幅明显。2016年1-5月，中国稀土出口总量为19364吨，同比增长81.6%；平均出口价格同比下滑逾35%。

Customs data shows that in May 2016, China has exported 4,073 tons of rare earth, which is an increase of 55.58% compared to the same period of last year, however, it is still less than March; its average export price has a significant ring growth. In the first 5 months of 2016, China has exported 19,364 tons of rare earth, which is an increase of 81.6% compared to the same period of last year; its average export price fell more than 35% compared to the same period of last year.

2. 业内人士分析Analysis of Professional Insiders

记者近日获悉，《稀有金属管理条例》(以下简称《管理条例》)有望近期出台。《管理条例》包括稀土总量控制以及开采、冶炼和流通等环节的一系列管理办法，对稀土产业综合管控有望进一步加强。

Reporters recently learned that the "regulation on the administration of rare metal (hereinafter referred as" regulation") is expected to be issued in the near future. This regulation contains rare earth total quantity control and a series of management measures on mining, smelting and circulation, the comprehensive control of rare earth industry is expected to be further strengthened.

尽管工信部的稀土打黑行动一直在进行，但困扰行业已久的“黑稀土"问题仍未斩草除根。这也是造成稀土价格长期处于低位的原因之一。目前的稀土矿开采总量控制指标由国土资源部和工信部每年分批下达。

Despite continuance of rare earth crackdown action from MIIT, the "black rare earth" problem still not eradicated. This is also one of the reasons why rare earth prices stay low for long period. The rare earth mining total control index is issued in partial orders every year by Ministry of Land and Resources and Ministry of Industry and Information Technology.

业内人士指出，在市场有需求的情况下，行业仍会超额生产，因为部门层级的总量指标非强制性的法律法规，威慑力不足。一旦《管理条例》落地推进，其法律约束力度加强，对非法开采的管控将更为严格。

The industry insiders point out, under the condition of the market demand, the industry will still produce excess the control index, because the total index is not from any mandatory laws and regulations, there lacks of deterrence. Once the regulation is implemented and reinforced, the control on illegal mining will be stricter.

另据了解，目前我国稀土氧化物总量控制指标偏低，未来有望扩大额度。数据显示，2015年稀土矿开采总量控制在10.5万吨，今年额度或持平。

Additionally as we have learned, at present, the total control targets of rare earth oxides is low, the quota is expected to expanded in the future. According to data, rare earth mining in 2015 was controlled at 105,000 tons, the total amount control of this year will possibly be the same.

瑞道金属预计，2016年市场总需求在15.2万吨左右，其中北方矿需求12.5万吨左右，南方矿需求为2.7万吨左右，市场仍存供应缺口。对正规矿的严控一方面导致了六大稀土集团的部分产能闲置，产能利用率降低;另一方面又给黑色产业链让出了生长空间。

Ruidow.com expects that in 2016 the total market demand of rare earth is around 152,000 tons, which includes 125,000 tons from northern and 27,000 tons from southern, the market remains in supply. On one hand, the strict control on formal mines leads to idle capacity of the six rare earth groups, the capacity utilization is low; on the other hand, it gives growth space for illegal industry chain.

对此，国家正在进行提高总量控制指标的相关工作。不过，对上游采矿权管控不会放松，总体合法产能仍将维持平稳。

To this, the government is taking related work to increase the total control amount. But they will not relax the control of upstream mining right, in general the legal capacity will remain stable.

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

2016年06月18日

Jun. 18th, 2016

提示：以上信息仅供参考！

Notes: the information above is for reference only!