Rare or higher than expected revenue reserves, reserve price will be released this week

Rare analyst told reporters that the current round of rare earth Shouchu twists and turns , finally settled. This week to determine the reserve price , the new self- storage business , resulting in changes in the overall number of purchasing and storage .

Insiders said that in the first instance against the background of the rare earth WTO , adopt a market -based means to replace the original export quotas , tariffs and other means of administration of the color darker more urgent to control the rare earth resources , the government is likely to accelerate the integration process is expected to rare earth industry .

Higher than expected revenue reserves or

It is understood that , at present, the State Reserve Bureau has signed an agreement with the purchasing and storage of rare earth aluminum , Minmetals , Steel, Jiangxi thin, Xiamen Tungsten and Rising colored . Insiders said that the signing of the agreement means the purchasing and storage of rare earth has been officially finalized, but the official documents did not come down , companies can not disclose specific details. The average price from the previous six-month term, the price of purchasing and storage of rare earth market price should be at least 10% higher .

About Shouchu quantity, rare earth industry analyst told the online China Securities Journal reporter , in addition to maintaining pre- agreed number of outside each purchasing and storage unit according to 30% of reserves from the reservoir , so the number of the purchasing and storage of rare or more than 13,000 tons . He also revealed that reserve price will be determined this week , but did not explain the specific date .

Rare earth prices began to rise

In purchasing and storage of rare earth floor , while companies are constantly raising the price of rare earth oxides .

China Rare Earth Industry Association announced the rare earth oxide prices since April 3 has been on an upward trend. As of April 8 , praseodymium oxide 57.6-59.4 yuan / ton, neodymium oxide 31.9-32.9 yuan / ton, neodymium oxide spectrum 32-33.4 yuan / ton, dysprosium oxide 166.6-175.4 yuan / ton, terbium oxide 315.3 -325 yuan / ton, erbium oxide 33.7-34.7 yuan / ton, lutetium oxide 840-866 yuan / ton, europium oxide 404.2-430 yuan / ton , yttria 5.3-5.5 yuan / ton.

Analysts said that , as usual , is the most rare Shouchu the past six months the price of the average price of rare earth reserve price . Raise the price of rare earth rare earth companies currently also the usual practice , and related businesses sell mentality relatively strong, relatively light turnover .


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