The first three quarters of this year exports of rare earths increase in volume and a drop in price of Tianjin Port

According to customs statistics, in the first three quarters of this year, 9,759 tons of rare earth export Tianjin port, an increase of 18.7% over last year (below), worth 600 million yuan, down 15.3%, with an average price of 62,000 yuan per ton, down 28.6 percent.

First, the first three quarters of this year, the main features of Tianjin port exports of rare earths

(A) general trade as the main export mode. The first three quarters of this year, Tianjin Port to the general trade export of rare earth 9,712 tons, an increase of 18.4% over the same period accounted for 99.5 percent of total exports of rare earths in Tianjin Port.

(B) State-owned enterprises as the main export. The first three quarters of this year, state-owned enterprises in Tianjin Port 5434 tons of rare earth exports, increased 21.3 percent, accounting for 55.7 percent over the same period in Tianjin Port's total exports of rare earths.

(C) are mainly exported to Japan and the United States. The first three quarters of this year, exports to Japan of rare earth Tianjin Port 4113 tons, an increase of 88.5%, 4,058 tons of rare earth exports to the US increased 6 percent, both of which together accounted for 83.7 percent over the same period in Tianjin Port of rare earth exports.

Second, the Tianjin Port in the first three quarters of this year, mainly due to exports of rare earths increase in volume and a drop in price

(A) increasing the quota of rare earth export overcapacity led to increase in volume and a drop in price. June 6, under the Ministry of Land and issued "on the issued 2014 annual total rare earth ore mined tungsten ore control targets," which will continue to implement the total rare earth ore and tungsten ore control index management. "Notice" that in 2014 the total amount of rare earth ore mining index was 10.5 million tons, including rock type (light) rare earth ore index increase was 11,200 tons, an increase of about 15 percent over the previous year; the total amount of tungsten ore mining control indicator 8.9 tons. 2014 is no longer issued antimony ore mining total control targets; the implementation of comprehensive utilization index tungsten ore index plus the approved assessment, appropriate to relax constraints. And continue to implement the rare earth mine tungsten ore mining rights to suspend the policy to June 30, 2015. Key projects for the State Department and the Central Fund or the provincial geological special fund projects to develop integrated projects, resource depletion area, the Department of Provincial agreement, mining and resource depletion remote connection, the central poverty reduction support program, the provincial government requires support for programs and projects to support large rare earth enterprises restructuring projects, in line with the total production control, production capacity balancing requirements, enable the new rare earth mine tungsten ore mining rights. In recent years, the total amount of rare earth mining continues to be controlled, but this year has increased. Yield can promote the export of rare earth companies competing to reduce inventory to save operating costs, resulting in a drop in price of rare earth exports increase in volume and the situation appears.

(B) the disorderly exploitation and international market demand weakened resulting in low rare earth export prices. A wide range of policy stimulus situation in hand, under the quota policy to stimulate the formation of disordered Luancai brought mining spill on the black market to the Chinese rare earth is much greater than the quota standards. On the other hand, is currently more than half the world's proven reserves of heavy rare earths in China, indeed scarce, but its price is falling badly. The reason is that some foreign companies under pressure to come up with alternative materials. There's simply in order to control costs and reduce the use of, for example, US Molycorp now mixed with only half the previous amount of magnetic powder dysprosium, and dysprosium is considered to be one of the most important heavy rare earths. With a lot of research related to technological innovation, but also find a lot of alternative methods, coupled with the use of rare earth though very extensive in the industry, but the amount is not large scale. So, while under the influence of Chinese policy, rare earth prices once soared, triggering panic buying. But the reaction of the market soon, the price began to fall together.

Third, concern

(A) downstream application industries concentrated in the low end, China's rare earth products, lack of core competitiveness. 85 percent of China's rare earth industry is currently used in traditional metallurgy, machinery, petrochemicals, glass, ceramics, etc., only 13% for the high-tech field of new materials, and the highest value-added products in end-use applications, the core technology in almost all of them hands of foreign enterprises. Due to the enormous profit potential of rare earth industry, the United States and Japan and other developed countries, the price of the right to speak in the grip, but also clenched authorize its patented technology of rare earth products, restricting the transfer and development of China's high-end chain. Case in NdFeB NdFeB rare earth belong to high-end materials, application and extensive. NdFeB country has nearly 200 enterprises, the annual output reaches 1000 tons or more than 20, but currently uses only Japanese NdFeB Boeing aircraft. Due to the lack of intellectual property rights, China's only mining, smelting and separation of rare earth primary products, not only low value-added, the bargaining space is small and serious environmental pollution; imported from developed countries after deep processing of primary products, prices and profits to grow geometrically. As domestic enterprises lack the core application technology, so China's rare earth export of rare earth primary products always difficult to break the pattern.

(B) WTO ruled that China's rare earth export quota policy violation, our pricing power to seek long way to go. March 26 this year, WTO ruled that China's rare earth export quota policy violations, despite our appeal, but such appeals are no success stories, the possibility of winning is minimal. In our country there may be six months to a year are forced to modify the export of rare earth industry policy, rare earth export quotas or canceled export tariffs may also be reduced.

In addition, to reduce dependence on China's rare earth supply, the development of alternatives to the pace of foreign research and development of rare earth rare earth mine and significantly accelerated. As Australia's Lynas company in Malaysia to build the world's largest rare earth refinery has been put into production, annual output will meet the global demand for about one-third. Japan and China choose to disclose conflicts in rare problems, but also looking for strategic partners to ensure rare earth supply. In order to maintain the international competitiveness of China's rare earth products, seek international discourse rare, since March, China promulgated a series of policies and measures. For example, Southern Exchange trading of rare earth products and cardiac Baotou Rare Earth Products Exchange successive formal operations, standardize the market competition by the two trading platforms, enhanced rare earth product pricing; Ministry of Finance and the Ministry of Industry issued "State of Things and the rare earth industry development grant funds management approach ", will be the rare earth mining regulation, rare earths and other high-end applications to provide financial support. To obtain the export of rare earth pricing power long way to go.

(3) "black chain" is the invasion of China's rare earth industry. The phenomenon of illegal production and sale of rare earth products in the current Chinese rare earth industry is not uncommon, Qingdao, Shenzhen, Customs detected repeatedly in recent years the amount of smuggling of rare earth billion on major. First, some of the shortcomings of rare earth export quota management system still exists, even the quota system has now become one of the "Pushing Hands", it became quota trading business, if it is not enough, people began to "black-mining", the formation of disordered chaos mining situation. Second, the illegal production of rare earth enterprises that difficult, imperfect laws and regulations, enforcement is difficult, between the central and local governments, has not yet formed between sectors and regions reasons for a unified and efficient law enforcement system caused by inadequate crackdown. Third, the smuggling of rare earth profits temptation also make many criminals choose to take the risk, the current production of rare earth ore mine in northern resource tax at 05,000 yuan per ton to 14,000 yuan range, rare earth ore resource tax per ton at 06000 South mine yuan to 36,000 yuan range, resource tax plus other taxes accounted for more than a tonne ore price 50%, private dug illegal mining do not need to pay any taxes, big profit margins. "Black chain" phenomenon is serious not only legitimate businesses to survive, but also to bring a major ecological disaster, how do we go to the balanced policy worth considering.


Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
Tel.: 86 592 5129696; Fax: 86 592 5129797
Email:  sales@chinatungsten.com
Tungsten & Molybdenum Information Bank: http://i.chinatungsten.com
Tungsten News & Tungsten Prices, 3G Version: http://3g.chinatungsten.com
Molybdenum News & Molybdenum Price: http://news.molybdenum.com.cn

• < Prev
• Next >