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涨跌互现，镨钕稳中偏强震荡，中重稀土铽钬贸易商少量让价出货，金属厂刚需采购，整体成交未及预期，磁材谨慎观望刚需采购，降库为主。

2、市场报价

表三 2021年3月22日-3月26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22日-3月26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强运行，上游分离厂家整体报价较少，部分厂家暂无报价，中间商少量货源报出，金属厂询盘活跃度有所增加，适量采购，价格随成交小幅上涨，金属报价对应上调，磁材企业询低少量补库，压价意愿尚存，整体成交未及预期。截至本周五，氧化镨钕市场主要报58.8-59.2万元/吨，主要成交价格58.7-59.0万元/吨，59.0及以上成交承压，金属厂询盘活跃度有所减弱，采购较犹豫刚需对锁为主，58.5万元/吨及以内寻低较活跃，整体成交一般。镨钕金属方面，镨钕金属方面，金属大厂现货较少，报价随氧化物坚挺，镨钕金属月结大厂主要报价73.0-73.5万元/吨，部分报74.0万元/吨，主要成交在72.5-73.0万元/吨，73.0万元/吨以上成交承压，现款现货主要报71.8-72.0万元/吨，主要成交71.0-71.5万元/吨，磁材逢低少量采购为主。综合来看：目前市场镨钕氧化物现货报出较少，价格显坚挺，金属厂采购犹豫，对应金属价格成交偏难，磁材下游对当前金属价格接受度一般，需时间消化，需求带动价格变化，上下游僵持博弈局面尚存，预计短期镨钕价格以稳为主，区间小幅震荡。

This week, the price of praseodymium and neodymium in the rare earth market is generally strong. The upstream separation manufacturers have less overall quotations. Some manufacturers have no quotations for the time being. The intermediaries have reported a small amount of sources. Rising, metal quotations rose correspondingly, magnetic materials companies inquired a small amount of replenishment, the willingness to keep prices down, the overall transaction fell short of expectations. As of this Friday, the market for praseodymium oxide and neodymium oxide was mainly reported at 588,000 to 592,000 yuan/ton, and the main transaction price was 587,000 to 59 million yuan/ton. The transaction price of 59.0 and above was under pressure, and the activity of metal factories in inquiries was weakened, and procurement was more hesitant. The main demand is for locks, and it is more active to find low prices within RMB 585,000/ton, and the overall transaction is average. In terms of neodymium praseodymium and neodymium praseodymium, major metal manufacturers have fewer stocks, and the quotations are firmer with oxides. The monthly prices of neodymium praseodymium metal are mainly 730-73.5 million yuan/ton, and some are quoted at 740000 yuan/ton. At 725-73.0 million yuan/ton, transactions above 730 million yuan/ton were under pressure. Cash spot prices were mainly at 718,000-72.0 million yuan/ton, and the main transactions were 710-715,000 yuan/ton. Magnet materials were mainly purchased on bargain prices. On the whole: At present, there are few spot reports of neodymium praseodymium oxide in the market, and the price is firm. Metal factories are hesitant to purchase, and the corresponding metal prices are difficult to transact. The downstream magnetic materials have generally accepted the current metal prices. It takes time to digest and demand drives prices. Changes, the upstream and downstream stalemate game situation still exists, it is expected that the short-term price of neodymium praseodymium will be stable, with a slight fluctuation in the range.

图一 2021年03月22日-03月26日氧化镨钕均价走势

数据来源：我的有色

图二 2021年03月22日-03月26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报价涨跌互现，氧化镝钆成交价格稳中偏强，铽钬价格走弱，分离厂观望市场为主，贸易商少量货源报出，金属厂对锁刚需采购，主动追涨少且金属报价不多，下游磁材询盘活跃度不高，成交未及预期。截至周五。氧化镝成交区间306-308万元/吨，30中重稀土方面：今日中重稀土主要产品整体报价延续涨跌互现，氧化镝钆成交价格稳中偏强，铽钬价格走弱，分离厂观望市场为主，贸易商少量货源报出，金属厂对锁刚需采购，主动追涨少且金属报价不多，下游磁材询盘活跃度不高，成交未及预期。今日氧化镝成交区间306-308万元/吨，308以上成交承压，镝铁报价偏稳为主，300-303万元/吨少量成交，现款300以上承压，磁材询盘活跃度有所增加但成交量有待观望；氧化铽中间商报货为主，940-960贸易商变现，分离厂谨慎观望为主，金属厂金属铽报价1245-1255万元/吨对应调整，成交1240-1250万元/吨，整体成交偏少；氧化钆询盘活跃度提高，23.2-23.5万元/吨成交，23.5万元/吨及以上成交承压，钆铁一次现款报价23.2-23.5万元/吨，成交较少；氧化钬询盘活跃度低，分离厂报货犹豫，现款成交94.0万元/吨左右，95.0万元/吨成交承压，金属厂钬铁报价较少，一次现款95万元/吨成交承压。

This week, the overall quotations of the main products of heavy rare earths were mixed. The transaction price of dysprosium and gadolinium oxide was stable and strong, and the price of terbium and holmium weakened. Separation plants mainly waited and watched the market. The chasing increase is small and the metal quotations are not many, the downstream magnetic material inquiry activity is not high, and the transaction is not as expected. As of Friday. The transaction range of dysprosium oxide was 3.0-3.08 million yuan/ton, and 30 medium and heavy rare earths: today, the overall quotations of the main products of medium and heavy rare earths continued to rise and fall. The transaction price of dysprosium and gadolinium oxide remained stable and strong, and the price of terbium and holmium weakened, and the separation plant Mainly watching the market, traders reported a small amount of supply. Metal factories just needed to purchase locks. They took the initiative to chase the increase and there were not many metal quotations. The activity of downstream magnetic materials inquiries was not high, and the transaction was not as expected. Today, the transaction range of dysprosium oxide is 3.0-3.08 million yuan/ton, and the transactions above 308 are under pressure. The quotation of dysprosium iron is mainly stable, with small transactions of 3-3.03 million yuan/ton, and the cash above 300 is under pressure. Magnetic material inquiries are active. The increase, but the transaction volume remains to be seen; the terbium oxide intermediaries mainly report goods, the 940-960 traders are realized, the separation plant is mainly cautious and wait-and-see, the metal factory's metal terbium quotation is 1,245-1255 million yuan/ton adjusted accordingly, and the transaction is 1,240-1250 Ten thousand yuan/ton, the overall transaction is relatively small; the activity of gadolinium oxide inquiries increased, 232-23.5 million yuan/ton transactions, 235,000 yuan/ton and above transactions were under pressure, gadolinium iron one-off cash quotation was 23-23.5 million yuan/ton , The transaction is small; the holmium oxide inquiry activity is low, the separation plant is hesitant to submit the goods, the cash transaction is about 940 thousand yuan / ton, the transaction is under pressure of 95 thousand yuan / ton, the holmium iron quotation of the metal factory is less, and the cash is 950,000 yuan at a time /Ton transactions are under pressure.

图三 2021年03月22日-03月26日氧化镝均价走势

数据来源：我的有色

图四 2021年03月22日-03月26日镝铁合金均价走势

数据来源：我的有色

图五 2021年03月22日-03月26日氧化铽均价走势

数据来源：我的有色

图六 2021年03月22日-03月26日金属铽均价走势

数据来源：我的有色

市场总结：

本目前看来，轻稀土分离厂镨钕氧化物报价坚挺，金属价格对应上调但成交承压，磁材刚需采购降库为主，对应接单核算或者与前期库存平摊成本，价格僵持，预计镨钕短期以稳为主区间小幅震荡；中重稀土分离厂报价犹豫，镝钆低价成交价位上移，寻货略有增加，短期稳中偏强走势延续，铽库存较集中，现阶段贸易商变现价格偏弱震荡，但空间或有限将逐渐走稳。钬暂时缺乏明显利好，亦没有资金投入，消费缺乏支撑，震荡偏弱为主。

At present, the price of praseodymium and neodymium oxide in the light rare earth separation plant is strong, and the metal price is correspondingly increased but the transaction is under pressure. The magnets just need to be purchased and the warehouse is mainly reduced. Pr and Nd are expected to fluctuate slightly in the short-term stability; the medium and heavy rare earth separation plant price hesitates, the low-price transaction price of dysprosium and gadolinium moves up, and the search for goods increases slightly. The short-term stability and strong trend continues, and the terbium inventory is concentrated. Traders realized the price is weak and fluctuating, but the space may be limited and will gradually stabilize. Holmium lacks obvious benefits for the time being, and there is no capital investment, consumption lacks support, and the fluctuations are mainly weak.

来源：我的有色网（Mysteel）