Rare Exchange intends to formally put into operation before the end of November

November 21 news Ganzhou Rare Earth unmanned after exchange operators " join " , which makes the Baotou Rare Earth Exchange cautious in choosing the timing operation .

Reporters recently learned exclusively , Baotou Rare Earth Products Exchange will be officially put into operation before the end of November , trading patterns of "E Spot " ( electronic mall ) , auction and current spot three kinds , the first two trading patterns for rare earth products species is not limited current spot in the initial selection of praseodymium and neodymium two varieties.

"All the staff have been gradually moved into a new office area, trading systems have also been completed internal testing , the current exchange already has test operation conditions . " November 19 , Baotou Rare Earth Exchange insider told this reporter .

According to the sources , the Exchange since last August 8 listed since the Baotou Rare Earth and other 12 shareholders under the impetus of the Board of Directors held a number of occasions , the operating mechanism of the exchange , trading patterns, trading products and other aspects of in-depth discussion, and formed a consensus rules.

Everything is ready

After a year of preparation, the Baotou Rare Earth Exchange has everything is ready , rare earth physical trading trial operation has started.

The reporter learned from the Baotou Rare Earth High-tech Zone , at present, rare earth products Exchange decoration work , equipment installation work has been completed, a staff recruitment has been completed and started operation personnel training simulation platform .

In fact, according to the official statement , the decoration has been the rare exchanges fail one of the main operators .

In June, Deputy General Manager Zhang Rihui Baotou Steel Rare Earth had a similar statement: Rare Exchange is still decorated, will be held in August this year, "Fourth China Baotou Rare Earth Industry Forum" announced progress and the introduction of trading Rules .

However, the Baotou Rare Earth Exchange does not publish trading rules as originally planned , Baotou Steel Rare Earth reason given is general manager Zhang Exchange still decorated .

Baotou Rare Earth High-tech Zone stakeholders are given timetable : October , the mid to carry out marketing activities , invite the rare earth enterprises simulated trading contest held in late October for rare physical trading trial operation.

In fact , the plan was again dashed. But reporters informed of the latest , Baotou Rare Earth High-tech Zone in the rare earth Exchange recently held a seminar Financial Plaza , from Baotou , Beijing , Ningbo Xinfeng rare earth and other places more than 40 enterprises to participate in the promotion. At the launching conference , Baotou Steel Rare Earth International Trade , Deputy General Manager , General Manager Gu Ming dilute Exchange introduced the background of the establishment exchanges , institutional profiles and development goals.

Participate in promotion of the official said, on October 23 , all staff moved into the new office area , and trading system for internal testing, and simulation of the entire system to run , "the current exchange already has a pilot operating conditions . "

In addition, the popularity of rare earth products bulk Exchange electronic trading knowledge , which was November 5 began a period 5-10 days of simulated trading contest .

Baotou Steel Rare Earth Securities Department official told this reporter : "rare earth exchange is in the preparation phase , will soon be operated . "Participation promotion of a business people confirms the Baotou Rare Earth Exchange insiders say :" 11 can be fully operational before the end . "

Conditions advance

Baotou Rare exchange operator dragged the business people think , decoration and hardware issues are not the most important reason , the most important is the 12 member units have been unable to agree on the details of the transaction , no rules how to operate ?

Baotou Rare Earth Stock Exchange by the Baotou Rare Earth , the state material reserves regulating center 12 jointly funded the establishment of enterprises and institutions , exchanges registered capital of 120 million yuan , participating companies, including areas north and south of the backbone of rare earth rare earth enterprises , shareholders with same rights in order to ensure the fairness of the trading platform .

Gu Ming said in August , the exchange will dysprosium, terbium , europium and other rare earth as a variety of transactions , " the three is OK " , but when introduced to be based on market conditions but also because these varieties have Price undulating characteristics, and lanthanum and cerium year price changes is small.

More detailed classification is , europium, lanthanum and cerium are LREE is Baotou Rare Earth 's most abundant species, and dysprosium , terbium belong HREE .

" Baotou Rare Earth Exchange apparently prefer their own reserves of rare species is not abundant , from the south to get north transaction , but companies have to consider the South would be willing to trade all the way to the header , the delivery , the additional cost of business willing to assume . " an investment company executive said.

In addition, the heavy rare earth mining of only 1.2 million tons, dysprosium , terbium 2011 production was 50 tons, 83 tons , dysprosium , terbium oxide production was 742 tons , 190 tons , even if all together but also more than 1000 tons .

Some member worries about little trading volume , no one will even to trade , leading to exchange useless.

Currently, Ganzhou Rare Earth Exchange encountered such embarrassing questions . Owns the 80% of the heavy rare earth Ganzhou was November 11, 2011 established the first exchanges , mainly for rare earths , tungsten, cobalt , tin and other metals and their extended products provide cash and electronic trading markets , after the establishment of trading little.

Baotou Rare Earth Exchange will not repeat the mistakes of Ganzhou Rare Earth Exchange ? Aforementioned funded corporate executives , said: "Previously, the Baotou Rare Earth Exchange trading varieties are finalized produced from southern dysprosium, terbium , europium and other rare earth , rather than its proximity to the Bayan Obo rare earth mine light , some of the member units and do not agree. "

However , rare earth exchange insiders said that at present, 12 member units of the exchange operating mechanism , trading patterns, transaction types , etc. have formed a consensus . In accordance with the relevant provisions of the Baotou Rare Earth Rare Earth Products Exchange will carry out spot trading in commodities does not carry forward transactions , forward transactions in the commodities market management , warehouse transactions .

According to the parties involved in promotion , the current spot in the initial selection of the two species are praseodymium and neodymium , are light rare earth yield is much higher than dysprosium, terbium . Publicly available data show that in 2011 , metal praseodymium , neodymium neodymium metal production was 8,630 tons , 4,913 tons .

"In the running for some time, the Baotou Rare Earth Products Exchange also plans to introduce rare earth products price index , but the index is based on price or to inquiry -based estimates, has not been determined . "These Baotou Rare Earth Stock Exchange , sources said .


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