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JL MAG Rare-earth Industry Price Briefing 2436（Issue No.528）10-28~11-01

Week 44，2024

1.    重要新闻简报Briefing of Important News

本周稀土市场行情，镨钕、金属钕、金属铽和镝铁合金价格出现小幅上涨。亚洲金属网周末价格: 镨钕金属价格521-524元/KG；金属钕价格523-528元/KG；镝铁合金价格1700-1720元/KG；金属铽价格7350-7450元/KG。

This week, the price of PrNd, Nd metal, Tb metal and DyFe alloy all has slightly increased. Weekend prices on Asia Metals: PrNd metal 521-524 RMB/KG; Nd metal 523-528 RMB/KG; DyFe alloy 1700-1720 RMB/KG; Tb metal 7350-7450 RMB/KG.

2.     业内人士分析Analysis of Professional Insiders

本周（10.28-11.1日，下同）稀土市场波动环比收窄，无论是轻稀土还是重稀土其分化走势略有缓和，尽管市场成交热度仍旧不高，且金属相对氧化物倒挂依旧存在。

This week, (Oct.28th-Nov.1st, the same below) rare earth market fluctuations contracted compared to last week. Whether it is LRE or HRE, their differentiation trend has slightly eased, although the market transaction heat is still low, and the metal relative oxide inversion still exists.

镨钕产品延续了上周的平稳走势，从周初的情绪上涌，到周中的回稳，在相对冷清的成交量及窄幅震荡的成交重心下，其订单及资金压力略有加重，尽管上游企业下调速度放慢，但贸易企业的竞价依旧存在，市场主动权依旧掌握在买方手中，价格博弈一个月以来，靠着大企护盘的市场变的格外敏感。

PrNd products followed the steady direction with last week: from the upswing at the beginning of the week to the stabilization in the middle of the week. Under the relatively quiet trading volume and narrow fluctuation of the trading center, the pressure on orders and funds has slightly increased. Despite upstream enterprises downward adjustment slowed down, the bidding of trading enterprises still exists, and the market initiative is still in the hands of buyers. In the price game for a month, the market relying on the protection of large enterprises has become particularly sensitive.

从宏观面来看，美国大选即将落下帷幕，11月美联储继续降息的概率依旧很大，本周六部门提出加快沙漠、戈壁、荒漠地区为重点的大型风电光伏基地建设，及新能源三季度业绩表现依旧强劲。

From a macro point of view, the U.S. election is coming to an end, the probability of the Federal Reserve continuing to cut interest rates in November is still high. This Saturday, the department proposed to accelerate the construction of large-scale wind power and photovoltaic bases with a focus on desert, Gobi, and desert areas, and the performance of new energy in Q3 still remains strong.

来看稀土市场：1.需求层面正缓慢改善，下游磁材接单及原料备采（春节前常规备货）将陆续到来。2.北方稀土微涨的挂牌价给出稳价的态度很明确。3.年终临近，大企业的操作，也是影响市场价格的一个因素，最起码保稳的概率会大。4.不同于其他有色金属，稀土受政策及情绪面影响极大，在大企及市场共同作用下，后期虽有可能在极短的时间内有回调的可能，但在多方的推动下，稳涨的概率也存在，幅度可能较窄。（瑞道稀土资讯）

Look at the rare earth market:

1. The demand level is slowly improving, and downstream magnetic material orders and raw material procurement (regular stocking before CNY) will gradually arrive

2. China Northern Rare Earth Group slightly rised list price gives a very clear attitude to stabilize the price.

3. As the end of the year approaches, the operations of large enterprises are also a factor affecting market prices, and at least the probability of stability will be high..

4. Unlike other non-ferrous metals, rare earths are greatly affected by policies and emotions. With the combined action of large enterprises and the market, although there may be a possibility of a pullback in the short term in the later stage, the probability of stable growth also exists under the promotion of multiple parties, and the amplitude may be relatively narrow. (Ruidao rare earth information)

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

2024年11月04日

November 04^th, 2024