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2020-2021年每月挂牌价格

数据来源：北方稀土

二、稀土市场

1、中国稀土市场评述

本周稀土市场主流产品整体报价较少，氧化物整体报价偏弱，镨钕氧化物报货量减少，分离厂惜售，贸易商谨慎观望为主；中重稀土镝铽钆钬价格继续稳中偏弱，金属报价对应但成交一般，磁材对锁刚需采购观望为主。

2、市场报价

表三 2021年3月08日-3月12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08日-3月12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整体偏弱运行为主，价格高位回调。周初受之前镨钕价格不断走高影响，市场畏高情绪增加，上游分离厂家整体报价较少，部分厂家暂无报价，谨慎观望为主，部分贸易商见势试探性少量货源报出让利变现，市场氧化物现货报出有所增加，金属厂采购犹豫，对锁订单少量刚需采购为主，镨钕金属报价对应氧化物偏弱调整，买涨不买跌，磁材采购意愿减弱，消耗库存为主，成交持续低迷，价格高位下移。截至本周五，镨钕价格逐步趋稳有所上升回调，氧化镨钕主要报56.5-57.0万元/吨，价格小幅上涨，主要成交在56.5-57.0万元/吨，56.5万元/吨及以内货源难询，金属厂询低较活跃适量采购，市场整体询盘成交有所回暖。镨钕金属方面，目前金属大厂仍以交付期货订单为主，现货较少，主动报价意愿不高，镨钕金属月结大厂个别报价73.0-73.5万元/吨，报价较坚挺，主要成交在73.0万元/吨左右，成交较少，现款现货主要报70.0-71.0万元/吨，主要成交在70.0万元/吨附近，70.0万元/吨以内货源有所收紧，磁材企业现阶段新增订单一般，仍以降库观望为主，采购较谨慎，成交有待观望。

This week, the price of praseodymium and neodymium in the rare earth market was generally weak, and the price returned at a high level. At the beginning of the week, affected by the continuous increase in the price of praseodymium and neodymium, the market’s fear of heights increased, and the overall quotations of upstream separated manufacturers were less. Some manufacturers have no quotations for the time being. The main reason is to cautiously wait and see. Some traders see the situation and tentatively report a small amount of supply to realize the profit. Oxide spot reports in the market have increased. Metal factories are hesitant to purchase. They mainly need to purchase a small amount of lock orders. The quotation of neodymium praseodymium metal is adjusted to the weaker oxide. The willingness to buy magnetic materials is weakened, and the consumption of inventories is Mainly, the transaction continued to be sluggish, and the high price moved downward. As of this Friday, the price of neodymium praseodymium has gradually stabilized, and the price of neodymium praseodymium oxide was mainly reported at 565,000-570 thousand yuan/ton, and the price rose slightly. The main transaction was 565,000-570 thousand yuan/ton, 565,000 yuan/ton and It is difficult to inquire within the source of goods, and the metal factories have lower inquiries and are more active and appropriate purchases. The overall market inquiries and transactions have picked up. Regarding praseodymium and neodymium metals, major metal manufacturers still focus on delivering futures orders. There are few spot goods and the willingness to actively quote is not high. Individual praseodymium and neodymium metal monthly quotations are 730-73.5 million yuan/ton, and the quotations are relatively strong, and the main transactions are At around 730 thousand yuan/ton, the transaction was relatively small. The cash spot price was mainly at 70-70 thousand yuan/ton, and the main transaction was around 700,000 yuan/ton. The supply of goods within 700,000 yuan/ton has been tightened. New orders at this stage are general, and the main focus is to drop the warehouse and wait and see. The procurement is more cautious, and the transaction is to be waited and seen.

图一 2021年2月12日-3月12日氧化镨钕均价走势

数据来源：我的有色

图二 2021年2月12日-3月12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稳中偏弱，镝铽价格持稳显坚挺，钆钬高位回调，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减弱，整体成交量较少。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，磁材询盘活跃度一般，逢低少量刚需采购为主；氧化铽主要成交在995.0-1000.0万元/吨，整体成交较少，部分中间商少量散货低价报出变现成交，金属厂金属铽主要报价1250-1300万元/吨，主要成交1255-1285万元/吨，整体成交量一般；氧化钆询盘活跃度一般，24.5-24.8万元/吨成交，25.0万元/吨及以上金属厂采购意愿较低，钆铁报价对应调整，24.8-25.0万元/吨少量成交，磁材询盘较少成交承压；氧化钬分离厂报价较少，中间商报货有所增加，金属厂采购较犹豫，100-102万元/吨少量成交，金属厂钬铁报价极少，一次现款103万元/吨左右成交，成交较少。

The overall price of the main products of heavy rare earths in the middle of the week was stable and weak. The price of dysprosium and terbium remained stable and strong, and the high level of gadolinium and holmium was adjusted. Most of the separation plants have low willingness to quote, and the willingness of traders to submit goods increased. Metal factories are cautious and just need to purchase locks. , Purchasing willingness is average, downstream magnetic material inquiries are weakened, and the overall transaction volume is small. As of this Friday, the transaction range of dysprosium oxide was 2.96-3 million yuan/ton, and the transactions of 3 million yuan/ton and above were under pressure. The quotation of dysprosium iron remained stable, with a small amount of 2.96-3 million yuan/ton, and magnetic material inquiries were active Generally speaking, small quantities of just need to be purchased on the bargain; the main transaction of terbium oxide is 9.95-100 million yuan/ton, the overall transaction is relatively small, some intermediaries report a small amount of bulk cargo to realize the transaction at low prices, and the main quotation of metal terbium is 1250-1300 Ten thousand yuan/ton, the main transaction volume is 1,255-285 million yuan/ton, and the overall transaction volume is average; the activity of gadolinium oxide inquiries is average, 245,000-24.8 million yuan/ton transactions, and the purchase willingness of metal factories of 25 million yuan/ton and above is low , The quotation of gadolinium iron was adjusted accordingly, and a small amount of 248,000-25.0 million yuan/ton was traded, and the magnetic material inquiries were less and the transaction was under pressure; the holmium oxide separation plant offered fewer quotations, and the intermediaries reported more goods. The metal factory was hesitant to purchase, 100 -1.02 million yuan/ton was traded in a small amount, and the price of holmium iron from the metal factory was very small.

图三 2021年2月12日-3月12日氧化镝均价走势

数据来源：我的有色

图四 2021年2月12日-3月12日镝铁合金均价走势

数据来源：我的有色

图五 2021年2月12日-3月12日氧化铽均价走势

数据来源：我的有色

图六 2021年2月12日-3月12日金属铽均价走势

数据来源：我的有色

市场总结：

轻稀土镨钕氧化物现货偏紧格局短期难以改善，分离厂贸易商整体报货量减少，金属厂询盘活跃度有所提高，适量采购，需求尚存，氧化物报价小幅上涨，金属价格随氧化物坚挺，磁材刚需采购，金属成交价格以稳为主，区间小幅偏强震荡；中重稀土上游厂家报价犹豫，出货意愿较低，持货商少量货源让利成交，钆钬价格弱稳震荡，镝铽以稳为主，仍需关注集团动向。

The tight spot pattern of light rare earth praseodymium and neodymium oxide is difficult to improve in the short-term. The overall delivery volume of separation plant traders has decreased, and the activity of metal plants has increased. Appropriate purchases, demand still exist, oxide quotations have risen slightly, and metal prices have increased. Oxide is strong, magnetic materials just need to be purchased, metal transaction prices are mainly stable, and the range is slightly strong; the upstream manufacturers of medium and heavy rare earths are hesitant to offer, and the willingness to ship is low. Shocks, Dysprosium and terbium focus on stability, and still need to pay attention to the group's trends.

来源：我的有色网（Mysteel）