China Rare Earth Export Growth in 2014 drop in price

China news agency, Hohhot, February 4 (Wu Yao and Cai Yajun) - Hohhot Customs announced on the 4th: 2014 total Chinese exports of rare earth 28,000 tons, the overall trend showing a drop in price increase in volume.

According to Hohhot Customs material shows 2014 China's total exports of rare earth 28,000 tons, an increase of 27.3% over last year (below), the value of 2.3 billion yuan (RMB), down 35.6%; average export price per tonne over the same period 83,000 yuan, down 47.8 percent. Among these, Jiangsu, Inner Mongolia and Beijing top three provinces for exports of rare earths.

According to statistics, Japan has become China's largest rare earth export market, in 2014 China's exports to Japan of rare earth 12,000 tons, an increase of 50 percent, accounting for 42.9%; the United States ranked second, accounting for 32.1%.

Hohhot Customs materials also show that in 2014 China's rare earth exports increase in volume as a whole showed a drop in price trend. This is so, mainly because the US manufacturing reflux affects Chinese demand growth driven by rare earth rare earth exports; high-tech field of rare earth rare earth materials to popularize driving increased demand; shortage of rare earth overcapacity and lead to lower demand for rare earth prices continue to fall; to promote national quota increase export volume increased, while weak demand restricted exports of rare earths prices.


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