Remediation noticed earth price hikes

With Ganzhou region to combat the "black earth" action in depth, rare earth prices gradually stabilized stabilized in recent days, rare earth prices rose across the board, especially in the heavy rare earth prices rose nearly 20%.

The industry believes that rare earth prices or maintained at a higher position, but subject to the constraints of the downstream demand cool, rare earth prices continue to rise or difficult to get out of the stock market.

Led the heavy rare earth

Public information display, in mid-June, is considered to be rare in Luancai cause worsening water pollution Xunwu County in Jiangxi Province, the public security departments launched a massive campaign illegal mining report. Number of business-related persons have been arrested on suspicion of illegal operation, illegal enterprises were ordered to stop.

"Probably began last week, rare earth prices began to rise gradually." Ganzhou a production of magnetic materials company told China Securities Journal reporter, "On one hand is the relevant departments of the rare private mine makes a lot of private mining companies blow off the market Rare relatively small; hand is a lot of opportunity among traders reluctant sellers, driving up the price of rare earth. "

According to market prices, the heavy rare earth there was a substantial rise. With dysprosium oxide or front, for example, in early June the lowest price point, dysprosium oxide quoted at 1.25 million yuan -135 yuan per ton, the current offer of dysprosium oxide in 1.6 million yuan -175 yuan per ton , or more than 25%.

Heavy rare earth prices also led to the rise in the northern light rare earth oxide, praseodymium neodymium quoted in the beginning of June this year, 240,000 yuan per ton, the current market price of 29 million yuan, or more than 10%.

Rare earth prices in 2011 reached the most boom, then prices tumbled all the way, the price of each variety has fallen by almost two-thirds. Praseodymium neodymium oxide prices from the high point of 1.4 million yuan per ton all the way down to 24 million.

"Although rare earth prices have rebounded recently, but both buyers and sellers in the observation, so the volume is still relatively small." Said business people told the China Securities Journal reporter.

Downstream demand is cool

"2011 Although rare earth prices are high, but the downstream demand is very good, despite the current low prices of rare earth, but the downstream demand is not optimistic." Said business people told the China Securities Journal reporter, "rare earth prices soared due in 2011, after a lot of use rare earth industry, have switched to the use of other materials. "

According to its introduction, the current inventory of rare earth materials is very low despite the enterprise, but not very strong willingness to restocking, general orders are received, they go to buy rare earth materials.

"The current situation is seen, rare earth prices rise, but the price is still relatively rare earth ore stable, indicating that rare earth prices rose more reason Ganzhou Rare Earth After the renovation, the short term market supply shortage caused by the downstream demand has not significantly improved . "one yuan industry analyst told China Securities Journal reporter.

His analysis, if the state for the rare earth remediation efforts have been strengthened, the future price of rare earth or can be maintained at a high level, but the rare earth prices could be reversed, and more depending on whether there is improvement in downstream demand.

GF Securities (000,776) in the latest release of the report that rare earth prices bottoming out, after two years of decline of nearly 90 percent have begun to rebound; downstream demand is bottoming out, the emerging demand steadily; continue to focus on the core if the future policy against illegal rare and large Group integration, the full restoration of rare earth prices rose a high probability event.


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