Rare Shouchu expected to break the ice, pass the second round of negotiations in progress

A source close to Chinese Rare Earth Society senior sources, purchasing and storage of rare earth in the second round of negotiations currently underway , this round of negotiations is expected to be able to finalize the details of rare earth reserve price , etc. ; otherwise an authoritative website Metals analyst also confirmed the news According to the analyst , said it learned from a part of the current round of negotiations to restart business related news, saying the negotiations to reach an agreement or if Shouchu open in May .

Since the first round of negotiations did not reach an agreement because of the price , purchasing and storage of rare earth since the fourth quarter of last year, has been stranded since. According CRE Securities research report shows that in December 2013 the State Reserve Bureau and the six manufacturers for purchasing and storage agent to negotiate the first round of purchasing and storage , according to three scenarios , slightly higher than the current benchmark price of purchasing and storage of rare earth rare earth prices 5-6 %, due to a lesser extent, but negotiations failed.

Analysts said the current round of rare-earth prices will affect the huge purchasing and storage , if the first half of this year, purchasing and storage fails, traders or manufacturers will accelerate the flow of cash into the market , and the business mentality will follow changes in the short term is difficult to stop rare earth prices down ; contrary Shouchu open , stock flows State Reserve Bureau , thereby reducing inventory system pressure on prices , market trends clearing assistance , plus after March is the peak season demand for rare earths , rare earth prices are expected to stabilize higher.

Steel workers were not sure Shouchu negotiations related matters. Online industry analyst Wu Chen- hui said rare earth materials purchasing and storage of previous negotiations failed because the price is lower. For about the success of the talks , two aspects should be reconsidered . First, the need for strategic purchasing and storage , and second, the feasibility of purchasing and storage price . Among them, the significance of strategic reserves of rare earth resources, no doubt ; rare earth oxides and the current price is in a rebound phase , purchasing and storage price will be higher than the bargaining negotiations for the first time , it is considered a second round of negotiations is to achieve substantive progress period. All in all, purchasing and storage to ensure that national resources to achieve security , maintain the market price stability purposes , ultimately corporate spending , the government foot the bill.


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