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The secondary market of rare earth permanent magnet enterprises reproduces the daily limit

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The secondary market of rare earth permanent magnet enterprises reproduces the daily limit
The secondary market of rare earth permanent magnet enterprises reproduces the daily limit

The secondary market of rare earth permanent magnet enterprises reproduces the daily limit

2019/5/21 13:41:43 Source: NetEase Finance

On May 21, the secondary market of rare earth permanent magnet enterprises such as North Mine Technology, Minmetals Rare Earth, Northern Rare Earth, Guangyu Nonferrous, etc. collectively went up.

 

On May 20th, President Xi Jinping went to Jiangxi to learn about the development of rare earth industry in Ganzhou. On the same day, the rare earth concept stocks rose against the market. In fact, as early as May 16, the rare earth plate showed a large-scale ups and downs, and 33 concept stocks in the rare earth plate rose across the board.

Pacific Securities believes that in the short term, rare earth import restrictions have a greater impact on the industry. Among them, Myanmar's import restrictions are particularly significant, which may affect about 30-50% of domestic heavy rare earth consumption, which also led to the recent surge in heavy rare earth prices.

Brokerages believe that the trend of rising prices of heavy rare earths caused by supply contraction has begun to appear. It is expected that with the implementation of policies, the price of heavy rare earths is expected to continue to rise.

According to the Beijing Business Daily, the supply contraction came from the customs clearance of the Yunnan Tengchong border with Myanmar on May 14. All import and export trades related to rare earth business were banned. The rare earth ore imported from Myanmar is the main source of domestic medium and heavy rare earth ore. The medium and heavy ion rare earth ore imported from Myanmar in 2018 is about 26,000 tons, accounting for nearly 50% of domestic consumption.

In addition, according to the "World Wide Web", the escalating trade friction between China and the United States also promoted the formation of rare earth prices. As a counter-measure against the US trade friction, China decided to raise tariff rates on some US products from June 1st, including rare earth products imported from the United States. The price of imported rare earth has increased, and domestic demand has turned to the domestic market, which is conducive to domestic rare earth prices. A number of brokers are also optimistic about the performance of listed companies in the rare earth sector in the research report.

According to the China Times, Tian Feng Securities analyst Yang Chengxiao said that since March 2019, the price of medium and heavy rare earth has risen. After long-term blackouts and inspectors and environmental protection, the South China heavy-earth rare earth mining has been blocked since 2017. In addition, the import of rare earths in Tengchong Customs has been shut down as scheduled, and the short-term import of raw materials may continue to be tense. At present, the uncertainty of re-entry is higher and the domestic resumption of production is slower. The price of medium-heavy rare earths is expected to continue to rise.

Pub Time : 2019-05-23 17:08:32 >> News list
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