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The market for rare earth waiting for purchasing and storing news come clear
Time:2017-09-20

Weak Rare Earth market is waiting for the news of a suppository. Yesterday afternoon, the National Development and Reform Commission convened six rare earth group held a high-level rare earth treasury discussion meeting. This is the 7th of this month, Rare Earth National Reserve tender tender after the relevant aspects of the first meeting, the content directed at the previous agreement did not reach a consensus rare earth oxide products.

In the rare earth prices fell in June, the national policy of the property market affects the nerve. "From the fundamentals, 6-8 months for the industry off-season, the downstream demand is weak, if there is no purchasing and storage policy to stimulate the price will continue." Shanghai Nonferrous Metal Rare Earth analyst Zhao Dan told reporters.

Data show that the price of rare earth products in recent months, most of the callback, terbium oxide, dysprosium oxide, lanthanum oxide and praseodymium neodymium prices fell 8.33%, 5.38%, 11.54% and 3.31%.

As the total amount of mining limited by the national strategic model of metal varieties, rare earth prices have been subject to the State Reserve, black and other policies. In the commercial and national treasury double boost, this year's rare earth market out of a wave of market. Rare earth permanent magnet index from the beginning of the low 2,500 or so rose to yesterday's 4219.35 points, or about 68% in May alone rose 20%.

Throughout the trend this year, rare earth prices in the past three months after the tepid market, and finally ushered in April rose. And trigger this round of rally is the news store floor.

March 30, the National Development and Reform Commission in conjunction with the relevant departments organized a rare earth enterprise commercial reserve mobilization meeting. April 5 at the tender to determine the number and price, the business reserves reached 5200 tons, is divided into three batches. Reporters learned that the first batch of 1,300 tons and the second batch of 1,600 tons has been put in place.

Commercial reserves to stimulate the price of rare earth, coupled with export and order support, in April, rare earth varieties generally rose. Which rose more than the northern lanthanum oxide, a month or more rose 42%, dysprosium oxide, terbium oxide and praseodymium neodymium and other varieties were up 5%, 8.9% and 2.7%.

After the store, the market is the key benchmark for the progress of the State Reserve. "The purpose of the store is to prepare for the National Reserve, if the state treasury tender to pass, the market has a head, if the flow standard, that is another scene." Riverside information rare earth analyst Du Shuai said.

June 7, the State Reserve Bureau held the first time in the tender, the results of 9 varieties because the price is lower than the psychological price of enterprises and all the flow standard. After the news came, the capital market turned to bearish. The next day A shares of rare earth permanent magnet plate crashed down, the two consecutive trading days fell 5.4%, the week the plate net outflow of funds 3.848 billion yuan.

However, the rare earth treasury in terms of, Du Shuai Bing that the bid is not a bad thing. "If the successful bidder, it means that the market trend of the product is locked, on the contrary, the tender, it means that the tender price is too low, indicating that the future price of rare earth will appear to rise, the trend is stronger.

The current downturn in the market is still waiting for the new progress. 7 days of the tender will hope to fall after the June 22 meeting of the NDRC re-ignited the market expectations. Yesterday, the rare earth permanent magnet plate closed up slightly 1.34%, 25 listed companies rose 19.

Reporters interviewed a number of industry insiders said last year's rare earth industry experienced a historical outsole, from the perspective of the entity business, it is difficult to bear the price fell further, and the demand side is difficult to pick up, so the supply side reform of the State Reserve tender progress Will have a decisive impact on the market.

But the healthy development of an industry can not rely on long-term policy-oriented purchasing and storage market. "It's not long-term sustainable, downstream applications and needs, but it's going to keep up with it," said Chen Ruirui, a Swiss-based analyst.