RE purchasing and storage time suspense perfect the most important purchasing and storage mechanisms

Recently, there have been reports of rare earth country ten billion on purchasing and storage plan in October , but the Chinese Society of Rare Earths expert Xu Guangyao , deputy head , said: "It was carried out in June and July will Shouchu work, but have not been finalized, purchasing and storage which varieties to what price , what companies involved did not finalized and is still sectoral consultation with the relevant units . However, purchasing and storage of relevant work already underway. "

Xu Guangyao said: "The ability to work in October to carry out purchasing and storage , but also the progress of the work . "But there are rare earth companies who said that no matter what time purchasing and storage , the beneficiaries are always big business.

Serious oversupply Shouchu boost confidence

Rare earth industry generally believe that the current oversupply situation rare earth industry is more serious , rare earth enterprises purchasing and storage to let some gain , boost market confidence.

Xu Guangyao said that at present a large product inventory of rare earth , with an estimated yield of stocks equivalent to one year ( planned volume ) at 10 million tons. Ministry of Industry and Information Technology Vice Minister Su Bo , held in the first half of this year China Rare Earth Industry Association Conference, said that in 2012 planned 93,800 tons of rare earth minerals ( rare earth oxides ) , the actual production of 76,000 tons ; rare earth smelting and separation product plans 90,400 tons , the actual production of 82,000 tons . Does not include illegal production.

China is a big country of rare earth resources , accounting for 23 percent of the world total , but it took more than 90% of the world market supply . The current global production capacity of rare earth minerals , including private , including about 200,000 -30 million tons, while the global demand for rare earths is more than ten million tons, much higher than the supply demand .

Statistics show that the rare earth permanent magnet plate 32 listed companies in the first half of this year, the total profit of 2.556 billion yuan , with 2012 profit of 4.846 billion yuan over the same period dropped 47 percent compared ; while adding to the inventory of excess capacity slow , resulting in an accounts receivable listed companies rose three percent.

32 listed companies in the rare earth sector , 5 losses , 27 remain profitable , but the general decline in earnings . Data show that 32 first-half revenues of 123.55 billion yuan , an increase of only 1.4% ; net profit of 2.556 billion yuan , down 47%.

China Nonferrous Metals Association, Chen complete training that more serious overcapacity rare , less than 40% capacity utilization . China Rare Earth Association, Gan Yong said that the current production capacity of rare earth permanent magnet materials 300,000 tons, annual output of 80,000 tons , less than 30% capacity utilization .

There are rare earth companies said that the surplus , to two aspects , a number of large enterprises funded, is gradually build the industrial chain , their impact is not large surplus ; while some small businesses and private mines , the situation is bad, six- month shutdown has started , these companies have been very cautious , and the impact of excess is acceptable . More is planned excess overcapacity .

Improve the purchasing and storage mechanisms

The rare earth enterprises said that rare earth market is not good , the state will pay the big companies will make money, not lose money , and the purchasing and storage price is higher than the market price.

Some analysts introduced last year, purchasing and storage , the state selected several rare earth enterprises , invite several companies on the amount and price of rare earth acquisition bid after the bidding companies to collect rare and self- preservation, then the way the government through cash back on purchasing and storage products for payment. Since the implementation of reserve side in the enterprise , leading to purchasing and storage enterprises to participate in the process of purchasing and storage revenue is very impressive.

Baotou Steel Rare Earth in the first quarter attributable to shareholders of listed companies net profit of only $ 245 million in the second quarter , but the downturn in the industry counterattack was 805 million yuan , respectively, year on year and up 122% qoq and 229% . Some analysts believe that this is the second quarter, the company recognized revenue last year, state purchasing and storage of rare earth .

Research institutions , said last year the total purchase price of state purchasing and storage of up to 60 billion yuan. As profitable , some companies and investment companies will move from the " brains ."

The business people said: "There have been companies done this , the most direct way is , A company is a state-owned purchasing and storage qualification , B plant is acquired businesses , you can buy some from outside the purchasing and storage products with low prices , as close A store selling companies , A company then sold to the state . "

"For small businesses, it is very dangerous , over-reliance on purchasing and storage and large enterprises, large enterprises to stop once acquired , will be difficult to separate the face of small business market. " Another rare corporate executives said.

In addition, some investment companies holding the investors' funds to participate in purchasing and storage enterprises to participate in purchasing and storage enterprises on the market with the money to buy cheap products can be purchasing and storage , because storage price higher than the market price of rare earth , involved in purchasing and storage enterprises will make a small fortune , and investment companies will get good returns. It is understood that investment companies do this kind of business , investment return rate of 10 % or more.

Baotou a responsible person that compared with other countries , China's rare earth Shouchu work has only just started, purchasing and storage mechanisms , price, type, quantity , and many other problems to be solved , and improve purchasing and storage mechanism is very important, can not put Shouchu become a big business making money .


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