Rare overall volume is not low price

The first three quarters of this year , rare earth permanent magnet plate listed companies net profit of 3.626 billion yuan , down 35.4% , magnetic total listed companies net profit of 590 million yuan , compared with last year 's 1.367 billion yuan , down 56.8 percent .

Right now the demand is still not optimistic about the rare earth , rare earth analyst agency Du Shuai soldiers think , NdFeB industry, large enterprises are more international orders , the operating rate of about eighty percent , but profits are declining , and the average operating rate of the factory and the 70% so, in the end product starts at 50% in the low-end products may be operating rate of less than three percent.

Du Shuai interview with reporters, also said the soldiers , and now all the major domestic manufacturers offer rare earth pull relatively high. " praseodymium , neodymium oxide , for example, is now generally quoted at 400,000 ( t price ) , but the market 's pre- transaction price from 350,000 now 320,000 has dropped even lower . Then the end of the year , everyone wants to sell some of the low-priced goods , put pulled lower overall market prices . "He said that the current volume of rare earth market is not great.

This also led colored Rising inventories of rare earth rare earth Gangster constantly backlog. Data show that colored Rising inventories reached 1.19 billion yuan last year , compared to more than 3 million in 2009 increased by nearly three times .

Industry source told reporters : " subject to the impact of weak downstream demand , colored Rising sales are not optimistic, now mainly in the maintenance subsidiary , the old customer relationships , by restricting the sale price is difficult to cut costs , but the price is too high they will buy . "

However , recently, including Baotou Steel Rare Earth , aluminum and rare earth in the number of large domestic companies are publicly listed on the acquisition of rare earth products , which makes the market for rare earths is expected to increase purchasing and storage . Among them, Rising Nonferrous had 5 November the company announced its southern reserves of rare earth oxides listed prices , products covered praseodymium oxide , neodymium oxide, europium , dysprosium oxide , nearly 10 varieties. But the company also clarified subsequently , did not receive the national authorities involved in purchasing and storage of rare documents , nor any substantive agreement signed business contracts or agreements with the State Material Reserve .

It is noteworthy that last year did not change the purchasing and storage of rare earths was oversupply , on the contrary , after purchasing and storage , rare earth prices down sharply again soon . Outsiders believe that the purchasing and storage , if true, even if the overall short-term boost rare earth prices , but will eventually return to weak fundamentals .


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