Rare Exchange Trading Rules "dystocia"

August 8 , the fifth Baotou Rare Earth Industry Forum held as scheduled , but the Baotou Rare Earth exchanges with industry stood me up . A year ago, as the first high-profile national rare earth trading platform listed in Baotou , Baotou Steel Rare Earth , represented to investors that it will run as soon as possible to the outside world , but after a year , even the basic trading rules are not finalized .

Reporters learned that, on the one hand there is a big differences between the north and south boundaries of rare earth rare earth exchange trading patterns , the parties did not agree on how to avoid price rises and falls ; the other hand, due to the illegal exploitation and illicit circulation is still rampant , Exchange run hard to dominate the market.


August 8 , the Ministry Secretary on the Baotou Rare Earth Materials陈燕海forum, said the first half of this year, smelting and separation of rare earth minerals and products production was 41,000 tons and 3.5 million tons, 87% and 78% in the first half plan achieve industry profit of about 20 million. This is the second since 2011 , rare earth production plan targets third consecutive finish the task .

Data show that in 2011 to 2012 were the rare earth industry realized profits of 15.9 billion yuan , 10.8 billion yuan , an increase of 288% and 163 % higher than in 2010 .

In this context , has been a year of Baotou Rare Earth Exchange listed concern, from the preparation to the exchange listing are seeking pricing, market stability as the goal. Scheduled for August 8 this year, announced trading rules and industry stood me up .

Zhang Zhong , general manager of Baotou Steel Rare Earth , told reporters that the company is due to delayed construction of hardware facilities , while the number of members is also yet to be determined , " members of management is still under study , the exchange operators will consider professional managers manner, but did not make the trip . "

Reporters learned that, in addition to objective reasons hardware running Exchange main reason lies in extension of 10 main sponsors are not on the critical operating agreement , such as rare species, a different category , the transaction price system is how to develop and operate a puzzle .

In addition , the Exchange seeking pricing , market stability control aspect has also been questioned. A local official involved in the formation of the exchange told this reporter that the motion is to allow the exchange of rare earth return value , then get rid of the "cabbage price" , but in exchange the construction process, rare earth prices experienced " roller coaster "wave style , on-line transaction in this context outdated , " and other commodities compared to the rare earth usage and transaction volume is very small , how to avoid capital speculation, how to control fluctuations in the price is a problem. "

According to customs statistics, in April China 's rare earth export volume of 2,196 tons , an increase of 6 times more than exports in March increased by 28% . Data show that in 2011 and 2012, Chinese exports of rare earth products were 18,600 tons and 16,800 tons , compared with 2010 decreased by 53% and 58% , respectively, but the average export prices increased about 1 and 5 times .

Secretary-General of the 8th China Baotou Rare Earth Society马荣璋said in the first half of this year, the majority of the rare earth industry, business losses , some companies have ceased , semi-shutdown state , the industry generally reflect a lack of confidence. Suggested there are other ways in the future to take the severity of Critical Control heavy rare earth exports , the gradual liberalization of the light rare earth production mandatory planning and introduction of appropriate complementary management measures.

Heavy rare earth and rare earth is divided into light rare earth , where heavy rare earths is currently unique to China , mainly distributed in Jiangxi, Fujian, Guangdong, Guangxi and other southern provinces , mining and heavy rare earth separation greater impact on the environment . Light rare earths in the world, many countries and regions have been found before the 1980s , the U.S. long-term production of light rare earth ranks first in the world . After China 's rare earth export quota system was introduced , the industry will continue to appeal to the elimination of export quotas lanthanum , cerium and other light rare earths .

Ma Rongzhang The above statement was interpreted as business people , China 's rare earth policy will be gradually relaxed, which differ from the continued strict ideas since 2009 , but a company official from Jiangxi Rare expressed the hope that deregulation in order to eradicate illegal acts as a precondition.

This is true , on the day after the August 7 , Ministry of Public Security , the Ministry of Land and Resources , Ministry of Environmental Protection , Customs, State Administration of Taxation , the State Administration for Industry and Commerce , the State Administration of Production Safety Supervision and eight departments jointly issued the "Combating rare earth mining , production and circulation of illegal conduct special action program ", the time is from 2013 August 15 to November 15 . It is reported that the focus of this action include : combating the illegal exploitation of rare earth, rectify illegal production , combating illegal circulation , recovery and clean-up of waste products utilization of rare earth enterprises against black interests of the chain , check the implementation of regulatory responsibilities , such as rare earths .

According Ma Rongzhang introduction , south separating ore smelting enterprises to obtain more than 70% of the ion source is unknown. June this year, has organized a Ganzhou against illegal mining and production campaigns , because the source of disruption , rare earth smuggling situation has improved, but the price has gone up along with heavy rare earths .


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