一、挂牌价

1、南方稀土集团挂牌价

表一 中国南方稀土2021年中重稀土氧化物挂牌价

数据来源：南方稀土

2、北方稀土集团挂牌价

表二 中国北方稀土高科技术股份有限公司每月挂牌价格

数据来源：北方稀土

二、稀土市场分析

1、中国稀土市场评述

本周稀土市场主流产品整体报货仍偏少，氧化物整体报价偏强，市场氧化物报货略有增加，以贸易商为主，分离厂仍观望为主；中重稀土镝铽钆钬价格继续上涨，金属报价对应但成交一般，磁材谨慎观望刚需采购为主。

2、市场报价

表三 2021年3月01日-3月05日主流稀土产品报价（万元/吨）

数据来源：我的有色

3、市场成交

表四 2021年3月01日-3月05日主流稀土产品成交情况

数据来源：我的有色

三、市场分析

轻稀土方面：

本周稀土市场镨钕价格偏强运行为主，价格持续上涨。周初上游分离厂家报价较少，谨慎观望为主，部分厂家暂无报价，中间商看涨捂货惜售，市场整体报价较少，氧化物现货报出有限，金属厂对锁订单少量采购，价格随市持续上涨。周中随着镨钕价格逐渐上涨至市场心理价位，部分中间商少量货源报出，市场现货报出来增加，金属厂、磁材采购犹豫，成交僵持有限。截至本周五氧化镨钕主要报59.5-60.5万元/吨，主要成交59.5-60.5万元/吨，价格偏稳，59.5万元/吨以内个别成交。镨钕金属方面，镨钕金属月结大厂主要报75.0-76.0万元/吨，主要成交在75.0万元/吨左右，成交较少，现款现货主要报74.0-75.0万元/吨，主要成交73.0万元/吨左右，磁材询盘活跃度较低，采购较谨慎。综合来看：目前镨钕价格持续上涨至高位，部分畏高情绪体现，市场情绪逐渐趋于理性，中间商现货主动报出增加，金属厂、磁材采购犹豫，谨慎观望为主，预计镨钕价格短期以稳为主，区间或有小幅震荡。

This week, the price of praseodymium and neodymium in the rare earth market is mainly operating, and prices continue to rise. At the beginning of the week, there are fewer quotations from upstream separation manufacturers, and the main reason is to wait and see carefully. Some manufacturers have no quotations. The middlemen are bullish and will not sell the goods. The overall market quotations are less. The oxide spot offers are limited. The city continued to rise. In the middle of the week, as the price of praseodymium and neodymium gradually rose to the market's psychological price, some middlemen reported a small amount of supply, and the market spot reported an increase. Metal factories and magnetic materials were hesitant to purchase, and the transaction was deadlocked. As of this Friday, the price of praseodymium oxide and neodymium oxide was mainly at 595,000 to 605,000 yuan/ton, and the main transaction was 595,000 to 605,000 yuan/ton. The price was stable, with individual transactions within 595,000 yuan/ton. Regarding the neodymium praseodymium metal, the major manufacturers of neodymium praseodymium metal monthly report mainly reported 750-760 thousand yuan/ton, and the main transaction was around 750000 yuan/ton. The transaction was relatively small. The cash spot price was mainly 740-75.0 million yuan/ton. The main transaction was About 730 thousand yuan/ton, magnetic material inquiry activity is low, and procurement is more cautious. On the whole: the current price of neodymium praseodymium continues to rise to a high level, partly embodied in fear of heights, market sentiment is gradually becoming more rational, intermediaries take the initiative to report an increase, metal factories and magnetic materials purchase hesitate, and wait and see mainly. The price is mainly stable in the short-term, and the range may fluctuate slightly.

图一 2021年2月05日-3月05日氧化镨钕均价走势

数据来源：我的有色

图二 2021年2月05日-3月05日镨钕金属均价走势

数据来源：我的有色

中重稀土方面：

本周中重稀土主要产品整体价格偏强，大部分分离厂报价意愿较低，贸易商报货意愿增加，金属厂谨慎刚需对锁采购为主，采购意愿一般，下游磁材询盘活跃度一般，成体成交量较少。截至本周五氧化镝成交区间296-300万元/吨，300万元/吨及以上成交承压，镝铁报价对应持稳，296-300万元/吨少量成交，300万元/吨以上极个别，磁材询价活跃度一般，成交有待观望；氧化铽995.0-1000.0万元/吨市场较少成交，部分中间商少量低价货源报出变现成交，金属厂金属铽报价对应1250-1300万元/吨，成交1255-1285万元/吨，整体成交量一般；氧化钆询盘活跃度一般，25.6-26.0万元/吨成交，26.0万元/吨以上成交承压，钆铁报价26.0-26.5万元/吨，成交25.8-26.5万元/吨，磁材询盘活跃度有所降低；氧化钬询盘活跃度一般，分离厂报价较少，中间商报货有所增加，成交区间105-108万元/吨，市场氧化钬现货难寻，105.0-108.0万元/吨少量成交，金属厂钬铁报价极少，一次现款106万元/吨左右成交，也对应极少。

In the middle of this week, the overall price of the main products of heavy rare earths was relatively strong. Most of the separation plants were less willing to quote, and traders increased their willingness to submit goods. Metal factories were cautious and just needed to purchase locks. The willingness to purchase was average. The activity of downstream magnetic material inquiries was average and mature. The trading volume is small. As of this Friday, the transaction range of dysprosium oxide was 2.96-3 million yuan/ton, and transactions of 3 million yuan/ton and above were under pressure. The quotation of dysprosium iron remained stable, with a small transaction of 2.96-3 million yuan/ton and more than 3 million yuan/ton. Very rare, magnetic material inquiry activity is average, and the transaction is waiting to be seen; terbium oxide 995.0-100 million yuan/ton market is less transaction, some middlemen report a small amount of low-priced sources to realize the transaction, and the quotation of metal terbium metal factory corresponds to 1250-1300 Ten thousand yuan/ton, the transaction volume was 12.55-1285 million yuan/ton, and the overall transaction volume was average; the activity of gadolinium oxide inquiries was average, 2.5-26.0 million yuan/ton was traded, the transactions above 260,000 yuan/ton were under pressure, and the price of gadolinium iron was 26.0 -26.5 million yuan/ton, turnover of 258,000-26.5 million yuan/ton, magnetic material inquiry activity has decreased; holmium oxide inquiry activity is average, separation plant quotations are less, intermediaries’ orders have increased, and the transaction range It is difficult to find holmium oxide spot in the market at 1.05-1.08 million yuan/ton, and a small amount of 1.05.0-1080 million yuan/ton is traded. The price of holmium iron from metal factories is very small, and a cash transaction of about 1.06 million yuan/ton is also very rare.

图三 2021年2月05日-3月05日氧化镝均价走势

数据来源：我的有色

图四 2021年2月05日-3月05日镝铁合金均价走势

数据来源：我的有色

图五 2021年2月05日-3月05日氧化铽均价走势

数据来源：我的有色

图六 2021年2月05日-3月05日金属铽均价走势

数据来源：我的有色

市场总结：

受市场情绪影响，今天稀土主要产品报价走稳，再加上周五市场询盘较少，金属厂、磁材整体显观望，部分持货商见势试探性让利变现，镨钕、镝铽等主要产品氧化物价格小幅回调，但分离厂仍持货观望，期货订单交付为主。预计，短期镨钕、镝铽等产品价格或将小幅偏弱震荡，理性回调。长期来看，或再次出现补货行情。

Affected by market sentiment, the quotations of major rare earth products have stabilized today. In addition, there are fewer inquiries on the market on Friday. Metal factories and magnetic materials are generally on the sidelines. Some holders see the trend and tentatively realize profits. The price of oxides, other major products, declined slightly, but the separation plant remained on the sidelines, and futures orders were mainly delivered. It is expected that the prices of products such as neodymium praseodymium and terbium dysprosium may fluctuate slightly in the short term, and a rational correction will be made. In the long run, the replenishment market may appear again.

来源：我的有色网（Mysteel）