Qingdao Customs Investigating successful exports of rare earths smuggling case

Recently, as the consignee of rare earth in China, Korea purchaser Hong Moumou arrested, Qingdao Customs investigation of exports of rare earths smuggling case declared a success. The case involved a rare earth, molybdenum, iron, tungsten, iron, etc. about more than 1,500 tons, worth 1.1 billion yuan, more than 1,500 million tax-related. He has been arrested five suspects.

Early August 2014, Weihai, Qingdao Customs under the Customs in Incheon, South Korea's exports to the inner container commodity inspection found one ton of rare earth, molybdenum, iron five tons. Through Weihai customs branch found, involving rare earths, molybdenum iron containers from Zhejiang Yiwu shipped and commissioned by a trading company in Yiwu exported by using different business units exported commodities in Weihai, Lianyungang and other places, there is a major export of rare earth concealing suspect. Customs anti-smuggling police by Shandong, Jiangsu, Zhejiang and other places Mopai investigation, gradually mastered the trading company's personnel structure, division of labor and living people involved, the action rule.

Recently, the Customs anti-smuggling police conduct in Weihai, Shandong and Zhejiang Yiwu two places at the same time the net action and arrested the main suspects, the scene seized false reporting, concealing export large quantities of electronic, written evidence of rare earth, molybdenum, iron and other goods.

Has been identified as the suspect Jo Korean nationals to seek illegal interests of big orders in China rare earths, molybdenum iron export business, it refers to the use of company employees engaged in commodity distribution container exports to South Korea were concealing smuggled for profit.


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Abolish tariffs on Chinese exports of rare earths, the United States put pressure on the success of admission

Foreign media said the US Trade Representative Foluo Man May 4 statement on China to abolish export duties and quotas on rare earths, said that the Obama administration is committed to protecting the interests of American workers, and American rights, and once again that law enforcement can take strong trade and it has produced tangible results.

May 5, according to reports, China announced this year on May 1 has been canceled in violation of WTO rules rare earth export duties. Earlier this year, China also canceled the export quota for rare earths.

In August last year after the United States and other WTO appeal ruling partner countries, Chinese quotas and tariffs violated WTO rules on exports of rare earths.

US Trade Representative Foluo Man said that China's policy of forcing American manufacturers importing rare earths from China, must pay 300 percent higher than the cost Chinese competitors. Rare earths, tungsten, molybdenum, etc. It is important for the US manufacturing sector, the US production of hybrid car batteries, wind turbines, energy-efficient lighting, steel and advanced electronic equipment and many other products using these materials.

Foluo Man said, we will pay close attention to China's actions to ensure that these illegal policies and China in fact suspend full compliance with its obligations.


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RE stabilized stabilized, the business outlook is expected to rebound

RE market today offer businesses continue to follow the day before watching the market. Rare earth products now offer a more stable, because the starting rare earth resources tax from the amount of taxable valorem May 1, present, many hold stocks for a change in policy on the sidelines, continued to fall in the price of rare earth products business is less. The current rise of the business is not much, the overall market is in equilibrium stage.

Currently products Dy also currently appears stable signs stabilized stabilized, the current tax price of dysprosium iron stable at between 168-170 yuan per ton. Praseodymium neodymium praseodymium neodymium metal products prices held steady in the low price 385,000 yuan / ton in the vicinity, Ganzhou supplier neodymium oxide, praseodymium steady at 295,000 yuan / ton.

Rare earth resources tax rules: according to the applicable tax rates in different parts of different methods of light rare earth resource tax, which, Inner Mongolia 11.5%, 9.5%, Sichuan, Shandong, 7.5 percent; and the heavy rare earth resource tax rate of 27% unity. This message is for the cost of rare earth products from the medium and long term has a strong supporting role, the latter of rare earth products continued to fall up little space, can expect rare earth prices rebounded moderately.



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Two tax adjustment drive market deployment of rare earth resources

Recently, China's rare earth fiscal policies to make significant adjustments, first abolish export tariffs on rare earths, followed by lower rare earth resources tax. Ministry of Finance recently issued a notice, to adjust export tariffs on some products, which contains the rare earths this one, and the adjustment effective from May 1, 2015. April 28 the State Council executive meeting, the implementation of rare earth, tungsten, molybdenum resource tax reform, promoting rationalize resources tax relationship.

August 7, 2014, WTO finds that Chinese export restrictions on rare earths and other products violate WTO rules, that China's export duties and quotas for its failure to protect the environment or resource grounds justified. In January 2015, the Commerce Department announced the cancellation of rare earth export quota system.

After the export duties and export quotas, resource tax reform could increase resource tax rate, reference to other mineral resources tax levied, and included tax range. If, after considering the liberalization of export tariffs, rare earth prices can back up the possibility of a higher "ad valorem" option calls.

Although China's rare earth WTO lawsuit lost, we can not continue to use tariffs to protect rare earth resources, but WTO litigation since 2011, our country has accelerated the pace of implementation of the integration of the whole industrial chain of rare earth.

Since the 2011 establishment of the Office of Rare Earth, our country has formed a rare office led the joint Ministry of Land Resources, the National Development and Reform Commission, Ministry of Commerce, General Administration of Customs and other six departments coordination mechanism. On the one hand, development of rare earth resources in a variety of offenses continued to maintain high-pressure situation, especially in southern areas of rare earth, after several rounds of crackdown, "black rare earth" substantially reduced, mining order effectively managed; on the other hand, accelerate the industry and mergers and reorganizations, Shoulong scattered mining permits in the market, the formation of the North earth, Ganzhou Rare Earth Rare Earth Group of six major focus of the main producing areas of different rare earth resources exploitation unified unified management. In addition, rare earth functional components to be integrated into the country's new materials industry development strategy to encourage downstream enterprises to actively carry out applied research, trying to cultivate a number of rare earth application of enterprise international competitiveness. From the strict management to market liberalization, experts point out that China's current management of rare earth resources, has achieved initial success, the rare earth resource tax can be appropriately adjusted, to ensure the supply of rare earth resources and services in the upgrading of China's economic transformation, which is conducive to promoting China RE downstream enterprises to reduce costs, increase R & D investment, promote the whole earth industry chain towards high-end level.

The industry believes that the rare earth resources end double reforms to strengthen management on the basis of norms to regulate the allocation of resources by market forces, which allows Chinese rare earth and downstream industries at the same time towards the end of more internationally competitive. However, we must clearly recognize that the current separation of rare earth smelting industry of serious excess capacity, upstream and downstream industries in the high-end products still have strong international competitiveness, in terms of development of new features rare behind the international frontier. On the whole chain of production and research of rare earth industry, the economic strength of China's rare earth field is still relatively low level. The liberalization of exports of rare earth and rare earth resources tax adjustment is able to usher in a new development opportunities for China's rare earth industry still depends on time and practice to verify.


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RE prices stabilize, expected resource tax fermentation

Festival of rare earth products prices remain stable. Praseodymium neodymium based rare-earth products prices of basic and pre-holiday flat. Now the Ministry of Finance for the resource tax reform is a long-term cost of rare earth products support. But the rare earth market weakness has been a long time, the transaction is still in the stage light, praseodymium neodymium price currently offer basically do anything in the short term rare-earth prices is still stressful.

Financial Post rare earth resource tax rate on taxable embodiment, the light rare earth by region to implement the applicable tax rate from 11.5 to 7.5% of the heavy rare earth resource tax applicable tax rate is 27%. Countries hope through resource tax reform efforts to raise taxes, thereby increasing mining costs and export prices, so as to achieve mineral protection. Today, the state clearly tax standards "in accordance with the principle of no increase in the corporate tax rate to determine reasonable", significantly lower than market expectations. "Tariff elimination + resource tax burden unchanged", affected, significantly reducing the cost of short-term pressure upstream mining enterprises, and downstream transmission, indirectly help to improve the downstream demand.


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Light rare earth market, low prices steady

Light rare earth market, businesses wait and see the market price held steady or slightly downward. Labor Day holiday immediately, the current business offer not enthusiastic, sometimes businesses inquiry neodymium oxide, praseodymium. Praseodymium neodymium products offer low steady, praseodymium neodymium metal prices quoted in the mainstream 38-38.5 Wan / ton, this week or praseodymium neodymium metal prices stable or fell slightly, have cut prices fell in the range of about 2-5 thousand Yuan / ton. Neodymium oxide, praseodymium week there is a business inquiry, but the actual transaction progress is not active, if low procurement inquiry Supplier spot shipments will not high, businesses offer basic and down slightly in 295,000 or one thousand floating 2-3. Dysprosium products market this week, the price of dysprosium oxide and dysprosium iron disadvantaged decline, the current market with the fall dysprosium, according to Ganzhou revealed a supplier of metal dysprosium now dropped from 3.23 million to 3.2 million yuan / ton.

Other oxides such as europium, terbium, and yttrium market is still sluggish unchanged, merchants offer lower aspect steady or little decrease, but has little room to fall europium oxide, plus businesses wait and see the effect the policy outlook, short-term market support vulnerable main stable. Praseodymium, neodymium, erbium oxide such as price more steady, there is price adjustment in the range of about $ 5,000 / ton, the less there is the case of substantial price cuts shipments, generally offer close to the mainstream market. Lanthanum, cerium products continued low steady, active shipping business.


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RE prices flat, trading deserted terbium oxide

RE market today offer businesses continue to follow the day before watching the market or slightly lower offer, yesterday China Rare Earth Industry Association section oxides offer also declined. Public attention resource tax policy at a State Council executive meeting yesterday gradually clear, from May 1 rare earth resources tax from the amount of taxable valorem, now bullish outlook, continue to wait, or offer down there, there Businesses that now prices are falling, the future see.

Currently praseodymium neodymium products prices stable and little decrease, praseodymium neodymium metal prices held steady in the low 380,000 yuan / ton, higher bit rates from 388,000 down to 385,000 yuan / ton. Shanghai, Ganzhou suppliers say oxide, praseodymium, neodymium steady at 29.4,29.5 yuan / ton, while businesses that price down from more than 295,000 to 291,000 yuan / ton, lower prices, traders said the Shanghai area are now willing to 29 yuan / ton, little appears goods, pre-holiday prices may further be maintained at the current level.

Europium, terbium oxide market is in the doldrums run, terbium oxide prices trading deserted, still offer about 3650 yuan / kg, europium oxide prices flat, some businesses slightly lower 30 yuan / kg to 1,620 yuan, or around holiday continued low steady.

Dysprosium products currently have equally steady fall, the higher offer is now before continuing loose down, the actual transaction price is low, the current offer dysprosium China Rare Earth Industry Association has been as low as 160-170 yuan / ton and, according to Ganzhou local businesses reflect dysprosium now only 1.61 million / ton, dysprosium iron mainstream prices fell to 170 yuan / ton and less.


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Rare earth prices steady, individual businesses small adjustments

Today, rare earth market conditions continue steady, individual businesses offer slightly adjusted, but the mainstream market mentality is still watching. Dysprosium products market, despite the bullish business outlook, but now the price of dysprosium oxide and dysprosium iron is still running low, businesses offer steady, the transaction price is still little decrease individual businesses. There are a number of market participants reflect dysprosium oxide low-cost resources only 161,162 yuan / ton, dysprosium iron Although there are still strong businesses offer 175 yuan / ton, but there are businesses that the actual transaction price is only 1.68 million yuan / ton about. RE market for May rose or whether to continue to decline, there is a business bullish outlook, but there are many in the industry say it is difficult to determine, businesses are watching.

Praseodymium neodymium products, currently praseodymium and neodymium oxide, praseodymium neodymium metal prices held steady mainstream, from the transaction price, demand still in the doldrums, but not much room for negotiation. Today, according to Ganzhou supplier said there praseodymium neodymium metal with a vote 380,000 yuan / ton, the actual transaction price is even lower. The dealer neodymium oxide, praseodymium today offer 298,000 yuan the previous day / ton dropped to 295,000 yuan / ton, while local traders said the actual transaction price of neodymium oxide, praseodymium about 29.3,29,4 yuan / ton.


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RE offer steady, businesses wait and see the market

RE market remains steady run today, watching the market side of the business side offer steady, deserted market trading atmosphere is not thick. Currently praseodymium, neodymium, erbium, gadolinium oxide prices remained steady mainly near Labor Day, with businesses wait and see attitude, and now the market is not movement.

Currently lanthanum, cerium, yttrium and more recent price category is no big change, low prices steady, continued weak market, as of 11:00 today cerium oxide overlean package still 11-11.14 yuan / kg slight fluctuations between, lanthanum oxide current market There are businesses that are still on about 1.2-1.3 yuan / ton, the market is not much improvement. Lanthanum, cerium, yttrium has been a major export product, but the current international and domestic oversupply, tax reform more difficult to change this situation, the future will continue to lower prices held steady, a slight decline is also still possible.

Dysprosium products temporarily low prices steady, businesses offer no adjustment in some areas of the business that dysprosium iron outlook optimistic that tax reform is expected or have a significant impact on prices, the latter may still dysprosium iron rose. Currently, according to the supplier of Ganzhou dysprosium iron with tickets still 1.7 million yuan / ton.


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This week the mainstream market slipped smoothly individual rare earth products

RE market as a whole this week show signs of stabilization, the transaction is not active, watching the market offer steady business. Some products demand is still poor, prices fell slightly, such as dysprosium, europium, terbium oxide. Light rare earth lanthanum, cerium steady market downturn, lower prices Nanshang Nan, Baotou area businesses offer more steady, while Baotou Rare Earth Carbonate companies reflects now with no votes 21000, recently stabilized operation, prices stabilized most important reason is record low. Released this week relative Ganzhou ionic rare earth ore prices fell slightly but appear. If there is no improvement in demand, prices will fall again rare. Current business policy has certain expectations, the price temporarily to get some support, but if the market outlook is expected to again and again can not be achieved, the price is still inevitable fluctuations.

Today, according to traders around Ganzhou reflect terbium oxide with tickets now only 3650 yuan / kg, lower than last week's offer of 50 yuan / kg, while prices have slipped europium oxide, europium oxide with tickets currently 1650-1700 yuan / kg the current price of europium oxide has been less than the terbium oxide nearly 2,000 yuan / kg, and before last September, europium oxide prices are much higher than the price of terbium oxide, changes in the structure of demand for rare earth prices caused the greatest impact.

This week, praseodymium, neodymium prices stable or slightly rose slightly, although merchants offer adjusted to reflect a little, but not much actual market demand fluctuations, current price and in fact the first two weeks or less. Dysprosium relative class market, although currently there is a business intends to offer flat, but the actual transactions light, high shipping difficulties, prices are still declining trend.


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