China Rare Earth regulatory reform to boost export markets

After the beginning of uncertainty, market participants gradually adapt to the new regulatory regime, the recent demand for Chinese rare earth has been warmer.

Subject to change and the impact of the export license export port restrictions, January sluggish demand overseas Chinese rare earths, rare earths and February exports increased by 24% to 2052 tons, January exports fell 49% to 1,457 tonnes.

In mid-February until the end of the Chinese New Year holiday, Chinese exporters shipped more concentrated, more contract in January or early February to sign, thus increasing the amount of rare earth export in February. January is also due to weaker demand in the coming Chinese New Year, Chinese exporters to suspend operations until the end of the holiday.

Meanwhile, China's rare earth export market is the new force, which has to a certain extent, pushed up exports in February. It is understood that many not previously export of rare earth producers and traders at the end of January and early February successfully applied to the export license and has started exporting.

In addition, China has increased efforts to combat illegal rare earths, China's export market is therefore subject to support. According to traders, said consumer business has been very difficult for them to low-cost procurement of illegal rare earth resources. October 2014, China's Ministry of Public Security and other eight ministries rare special action has been officially launched and will end March 31, 2015, relating to public safety, taxation and environmental safety and other aspects, the pooling of resources, to prevent illegal trade.

January 2015, China Guangdong Public Security Bureau of Shenzhen Customs union, Huizhou City, smuggling run, Xiamen, Beaconsfield, Huangpu, Nanchang and Hohhot Customs Bureau, and organized large-scale smuggling operation.

Recently, the first batch of rare earth total control of China's Ministry of Industry announced an increase in 2015, while activity will continue to combat illegal rare earth, which are imported from China to bring a lot of comfort to the rare earth companies.

China's first batch of rare earth ore control a total of 52,500 tons, the total smelting and separation products for 50,050 tons, an increase of 12% and 10.6%, respectively. China is consolidating and the separation of rare earth mining companies for the six Rare Earth Group, and will be completed by the end. The payment of the total rare earth control showed preferential policies for large rare earth enterprises.

However, China's imports of rare earth enterprises are still relatively cautious orders. Many importers believe in China in May after eliminating tariffs which will arrive in a more muffled purchase price, but also expressed concern about the impact of China's resource tax reform on prices of recent weeks, some enterprises began stocking.

Earlier there was news that China resource tax reform program will be announced in March, and then up to now have not yet released any further information.


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