Market auction Baotou dilute Exchange gleaned

Has been quietly advancing the country's first rare earth exchange - Baotou Rare Earth Products Exchange ( hereinafter referred to as " lean Exchange" ) has progressed . Yesterday, the reporter learned from the dilute Exchange trading platform for spot bid auction was completed before the first pen . Exchange in accordance with the words of the person in charge , bidding mechanism conducive to the formation of rare earth products market trading patterns .

It is understood that on March 6 , dilute Exchange finished goods upfront auction spectrum of neodymium metal is involved , the number of bids for the 20 tons to 425 thousand yuan / ton turnover , turnover 8.5 million.

Gu Ming , general manager of Baotou Rare Earth Products Exchange told the Beijing Daily Reporter , which are mainly three transaction modes: spot auction , rare online store transactions , cash traded . For this one just completed auction , Gu Ming said it is introducing a competitive mode , promoting the formation of the rare earth market transactions. "Quotes tight or when companies have inventory , you can bid auctions by bidding patterns. For example , when prices rise , businesses want to sell a little higher than the spot price quotes , you can use this approach. But this model is not continuous, if there are companies such applications, we occasionally do . " Gu Ming said .

Within an industry veteran analysts believe that the implementation of the above model is beneficial to make the price of rare earth fully formed in a competitive market, continue to regulate the market price system of rare earth. In addition , the person pointed out that with the formation mechanism of the auction , the value of China 's rare earth will also accelerate attributed to rationalize .

In the industry, as an important strategic resource of rare earths have " industrial vitamins " reputation, but over the years it has been a " cabbage price" sale , the value was seriously demeaning . So, Baotou dilute Exchange in August 2012 formally inaugurated in the beginning of the establishment had been given "enhanced China's rare earth product pricing , the right to speak ," such as multiple tasks.

Gu Ming told reporters after the online store trading patterns since last November to complete the first transaction , as of now , has been traded five pens, " Overall, the situation can be. But also need an understanding of the process . " Gu Ming said . According to its introduction , the third listed stock trading patterns will soon open .


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