稀土永磁概念走强，低量高价格局下机构看好供需偏紧
Rare‑earth permanent magnet concept stocks rally, and institutions are optimistic about tight supply and demand under the pattern of low output and high price.
【环球网财经综合报道】8月14日，稀土永磁概念今日表现强势。截至发稿，金田股份涨停，中国稀土、华宏科技、九菱科技、新莱福、中稀有色等跟涨。
[Global Network Financial Comprehensive Report] On August 14, Rare‑earth permanent magnet concept stocks rally today. As of press time, Jintian shares rose and stopped, China Rare Earths, Huahong Technology, Jiuling Technology, NewLife, China-rare non-ferrous and other stocks advanced in tandem.
中国稀土行业协会数据显示，7月份稀土价格指数整体呈波动上涨态势，氧化镨钕均价环比上涨6.6%，金属镨钕均价环比上涨6.4%；重稀土方面，氧化镝7月均价环比上涨3.9%。
According to data from Association of China Rare Earth Industry , the overall rare earth price index fluctuated in July, with the average price of praseodymium neodymium oxide rising 6.6 percent month-on-month while that of praseodymium‑neodymium metal increased 6.4% month-on-month. For heavy rare earths, the average price of dysprosium oxide climbed 3.9% month-on-month.
稀土价格上行直接增厚产业链企业经营收益。据SMM统计，已披露半年报、业绩快报及业绩预告的10家稀土相关企业，上半年业绩均实现不同程度增长。龙头股北方稀土预计上半年业绩同比增长112.74%至121.33%，中矿资源预计业绩同比增长1078.07%至1302.46%。
The upward price of rare earths directly boosts the operating income of enterprises in the industrial chain. According to SMM statistics, the 10 rare earth-related companies that have disclosed semi-annual reports, performance reports and performance forecasts have achieved varying degrees of growth in the first half of the year. Sector leader China Northern Rare‑Earth expects its H1 earnings to rise 112.74% to121.33% year‑on‑year, while Sinomine Resource Group projects a year‑on‑year earnings increase of 1078.07% to1302.46%.
国盛证券表示，永磁材料是稀土最主要和最具发展潜力的下游应用领域，占稀土功能材料总量的60%以上。新能源汽车仍为需求主要的增量来源，具身机器人放量有望带动远期需求。中金公司也认为，下半年进入汽车、工业机器人等磁材下游产销旺季，叠加出口需求修复，镨钕供需格局偏紧，稀土价格具备基本面支撑。
Guosheng Securities said that Guosheng Securities stated that permanent‑magnet materials, the most vital and promising downstream application for rare earths, account for over 60% of total rare‑earth functional‑material output.New energy vehicles are still the main source of demand, andvolume ramp‑up of embodied robots is expected to drive long-term demand. CICC also believes that in the second half of the year,the sector will enter the peak season of downstream production and sales of magnetic materials such as automobiles and industrial robots. Coupled with recovering export demand, the supply and demand of praseodymium‑neodymium will be tight, and rare‑earth prices have solid fundamental support.
资金面上，东财数据显示，8月以来厦门钨业获杠杆资金融资净买入4.57亿元，中国稀土获3.98亿元，赤峰黄金、华宏科技、有研新材、北方稀土、盛和资源、中国铝业等融资净买入均过亿。（由铮）
On the financial side,Eastmoney data show that since August, Xiamen Tungsten Industry has been leveraged to finance a net purchase of 0.457 billion yuan, China's rare earths have been 0.398 billion yuan, Chifeng gold, Huahong technology, Grinm Advanced Materials, Northern Rare‑Earth, Shenghe resources, Chinalco and other financing net purchases are more than 100 million. (By Zheng)
