Decreasing export quota of rare earth Stimulates price inflation

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Decreasing export quota of rare earth Stimulates price inflation 2012-08-03

RE prices jumped again last week, neodymium oxide, praseodymium tons of domestic price of 6,000 yuan up to 197,000 yuan / ton, the domestic price of neodymium up 7,000 tonnes to 223,000 yuan / ton. Although the distance of 25 yuan / ton is quite a distance record highs, but the trade, the current state of the rare earth industry in efforts to rectify the unprecedented increase, this year's export quota of 22,300 tons compared to last year's 39.52% decline in the context of record high prices are expected to challenge the domestic rare earth.

With the rare-earth prices soaring yesterday on the secondary market, colored Rising (600259, closing price 32.12 yuan), Baotou Steel Rare Earth (600111, closing price of 53.92 yuan), Taiyuangangyu (000 795, closing price 10.00 yuan), Xiamen Tungsten (600 549, closing price 31.10 yuan), Ningbo Yunsheng (600366, closing price 18.77 yuan), Zhong Ke San Huan (000,970, closing price 17.49 yuan) and other rare earth permanent magnet type stocks surged across the board, group show staged daily limit.

Export quota fell Jinsi Cheng

Proven reserves of rare earth resources in China accounted for 36.52 percent worldwide, is the world's largest rare earth resources in power. The supply of rare earth from the global perspective, in 2009 China produced 120,000 tons of rare earth oxides, accounting for 96.99% of global production, have an absolute monopoly.

Northeast Securities industry analyst Zhu Leader told the "Daily Economic News" reporter, July 8, 2010 issued by Ministry of Commerce, the second batch this year, general trade export quota of rare earth, total 7976 tons, compared with the first batch of 2010 general trade export quota of rare earth to reduce 8329 tons; than 2009 of the second batch of general trade export quota of rare earth to reduce 8291 tons.

The 2010 annual export quota of rare earth products was 2.23 million tons, down 39.52 percent compared to last year. Guoxin Securities analyst Peng Bo that the Ministry of Commerce could not be ruled out in the fourth quarter of this year, some additional export quotas, export quotas, but added that the incident occurred only in 2009, and the amount of not more than 2000 tons, so even if there are additional, but also not affect a substantial decline in export quotas.

Peng Bo said that China export quota of rare earth products to bring the immediate effect of a sharp decline in export prices is soaring RE. Asian metal mesh through consultation, rare earth trade dealers get the latest feedback, due to the tightening of rare earth export quotas, export quotas for low or no export quota of rare earth smelting enterprises in order to obtain a quota, to spend 100,000 yuan to 200,000 yuan ~ / ton of the quota. To praseodymium neodymium oxide, for example, the domestic offer is 197 thousand yuan / ton, if the smelting enterprises to export neodymium oxide, praseodymium, you must first spend 20 yuan / ton of export quotas, which led to soaring export prices of rare earth products. Even so, traders buy the quota is quite difficult, at present there is no market price of the situation.

Stocks staged daily limit of rare earth permanent magnet type show

Monday the first hot well-deserved two cities, is the concept of rare earth permanent magnet unit. Soaring 8.3% yesterday, the entire plate, plate a total of eight units daily limit.

Ningbo Yunsheng correction about a week slightly lower at the open Monday morning, the stock was quickly pushed up 9:36 on the stand up circuit breakers, and has been maintained to the close. By their drive, and Ningbo Yunsheng business as a NdFeB afternoon Zhong Ke San Huan is also opening soon heavy volume daily limit.

In addition, the Baotou Rare Earth, Rising colored, Taiyuangangyu, Xiamen Tungsten and other rare earth resources, the company holds the market yesterday also to receive daily limit of blackboard newspaper.

For individual stocks yesterday, rare earth permanent magnet type of collective outbreak, the industry feels that the development of our weekend, Japanese Foreign Minister called on the rare earth export restrictions unsuccessful.

Last weekend, the third high-level economic dialogue held in Beijing, attended by 120 people, for the biggest ever. During the Japanese side expressed the hope that China will relax the export of rare earth, but did not consent. Katsuya Okada, the Japanese foreign minister also hide her disappointment, saying that a sudden reduction of Rare Earth exports will "affect the global production chain."

Ye Xin Xiangcai Securities analyst said over the weekend that the message directly stimulate the market, rose across the board to promote the plate Monday. "This year our country these actions show the increasing importance of the strategic position of rare earth, a sharp reduction of export quotas will directly boost the international market price." Ye Xin said. He told reporters that despite the current domestic market prices have a certain spread over the international market, but this trend continues also push up domestic offer.

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