Inner rare earth export price increments

Customs statistics show that 1-July, Inner Mongolia, 2562.6 tons of rare earth exports, compared with the same period last year increased by 1.6 times, accounting for the same period of 23.6% of total exports of rare earth; worth $ 31,062,000, a decrease of 0.2% over the same period China's rare earth exports 12.4%; export average price per ton of $ 12,000, down 61.3 percent. All general trade exports; enterprises, including foreign-invested enterprises, private enterprises and state-owned enterprises. In which the private sector exports 1089.8 tons, an increase of 6.9 times, accounting for the same period in Inner Mongolia's total exports 42.5 percent of rare earth. 8 percent exported to the U.S., France and Japan, exports to the United States, Japan and France were 1385.6 tons of rare earth, 370.9 tons and 308 tons, exports decreased by 55.7% to France, exports to Japan increased 4.9 times, compared to the United States did not export, three together accounted for the same period 80.6% of total exports of rare earth in Inner Mongolia.
    
January-July exports of rare earths price increments Inner main reason is that national quotas to increase the export volume increased, while weak demand is restricting exports of rare earths price is the biggest factor. When demand and prices are low at the rare earth industry-wide slump on a foregone conclusion, many companies are also shrinking inevitable results, which extend the industrial chain, the establishment of pricing mechanism, strengthen the bargaining power in the international market is particularly important.


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