Rare earth prices is only short-lived

Separation of rare earth smelting enterprises in Jiangsu Province in October 2013 overall production and operation : the output of rare earth products (REO meter ) 1315.40 tons , compared with the same period last year , an increase of 27.33% ; sales of rare earth products (REO meter ) 1176.51 tons from a year earlier compared with an increase of 80.76% ; exports of rare earth products (REO meter ) 341.50 tons , compared with the same period last year , an increase of 47.02% ; achieve output of 370,913,500 yuan , compared with the same period last year , an increase of 16.79% ; sales revenue 250,599,000 million, compared with the same period last year , a decrease of 26.44 percent , exports amounted to 50.0487 million yuan , compared with the same period last year , a decrease of 74.11% ; corporate profits -531.33 million compared with the same period last year , a decrease of 164.45% ; taxes 336.37 million compared with the same period last year , a decrease of 94.04% .

October 2013 production of all kinds of rare earth products in the top three were: lanthanum oxide 187.84 tons , accounting for 14.28% of total production , yttria 156.22 tons , accounting for 11.88% of total production , rare earth catalytic materials 147.12 tons , accounting 11.18% yield. Sales of the top three were: samarium oxide 158.91 tons , total sales of 13.51% ; lanthanum oxide 155.45 tons , total sales of 13.21% ; rare earth catalytic materials 91.39 tons , 7.77 percent of total sales .

Rare earth market operation situation : October compared with September , the price of the main product of rare earth basically showed a downward trend, in which yttria month average decline of 18.13% , a decrease of 10.13% dysprosium oxide , terbium oxide decreased by 8.76 % , a decrease of 8.36% neodymium oxide , neodymium oxide, praseodymium fell 7.37% , a decrease of 6.49% europium oxide . Recent rare earth market is still sluggish , the downstream business needs very little, wait and see attitude occupy the peak , so the price rise is only short-lived some time ago . There is no real demand for the downstream business support rare earth prices stabilized or even declined only situation .


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