Suspension of insurance prices fell, Baotou Rare Earth reluctantly resumed production, the face is still a depressed rare earth market.
On November 28th, the reporter learned from several channels that some of Baotou Steel's rare earth companies have resumed production. "Currently, both China and the United States are resuming production, and Baotou Steel's rare earths will all be re-produced recently." On the same day, Zhang Rihui, the secretary of the Baosteel Rare-Earth Board, confirmed to reporters.
What can not be ignored is that due to factors such as supply and demand, the overall market of rare earth is still in a state of depression. The Baotou Rare Earth Co., Ltd., which controls 90% of the light rare earth output in northern China, has failed to realize its desire to curb price declines after a one-month suspension of insured prices.
Baotou Steel Rare Earth will soon be fully resumed production
On October 20, Baotou Steel Rare Earth issued an announcement announcing the suspension of production for one month. All affiliated smelting and separation companies stopped production. Recently, these discontinued enterprises are gradually resumed production.
“Baotou Huamei Rare Earth High-Tech Co., Ltd. (hereinafter referred to as “Rare Earthâ€) resumed production after the 20th, and the specific day was unclear, but workers at the factory said that it had been re-production for several days.†Baotou, a middle-level company of rare earths, disclosed to reporters .
On the 28th, this news was confirmed by Zhang Rihui. “China and the United States have resumed production on these days, and now both Huamei and Huan are remanufacturing, and Baotou Steel Rare Earth will all resume production in the near future.†However, he did not report to reporters. Reveal specific complex production.
According to statistics, Huamei Rare Earth was established in 1993. In April this year, the company was acquired by Baotou Steel Rare Earth (Group) Corporation and became a wholly-owned subsidiary of Baotou Steel Rare Earth (Group) Corporation.
Shanghai Nonferrous Metals (SMM) quoted an insider from Baotou Steel as saying that the reason for the resumption of production and the one-month suspension of production promised in the announcement was slightly different because the companies were maintaining and overhauling the equipment during the production shutdown. Since it is still not finished, the resumption of production will be delayed by 5 to 6 days."
The local rare earth trader in Baotou stated that Baotou Steel's rare earth production was suspended due to the consideration of stabilizing market prices. “If rare earth prices are no longer falling as in July and August, the production of rare earths in Baotou Steel is not unreasonable. The re-production."
Shanghai Nonferrous Metals Analysts said that during the shutdown of Baotou Steel's rare earth, with the strengthening of special inspection and inspection of rare earth industries in Inner Mongolia, the rare earth market in Inner Mongolia showed signs of improvement, and inventory on the market was relatively reduced, and the trading volume Obviously began to increase.
The overall market of rare earth remains sluggish
At present, the overall market for rare earths is still in a sluggish state. In the above week, for example, the price of rare earth products, the price of antimony oxide continued to fall, and antimony oxide and antimony oxide fell by 5.9% and 4.1% respectively. When talking about the effect of stopping production, Zhang Rihui also told the reporter of the “Daily Economic News†that the market effect after the suspension of production was not very good.
It is reported that rare earth prices have plummeted since the second half of the year and have so far been weak. At present, the rare earth has fallen for more than three consecutive months and has long lost the signs of the first half of the year. Data show that starting from late July, rare earth prices began to fluctuate. At present, the prices of major rare earth varieties have fallen by nearly 50%. "Shut up the insured price does not matter at all, can not be guaranteed half a year in advance, and now supply and demand have not improved." In this regard, a rare earth industry veteran said.
“There were also bad times in previous years, but they were not cold enough because in the past few months there were no people asking for orders.†On the 28th, the above-mentioned middle-tier enterprises engaged in rare earth work told the Daily Economy. News reporter did not expect that the price of rare earth in the first half of the year will rise so high that the second half of the year will need to absorb the high growth in the first half of the year.
For the current market, rare earth industry veterans told reporters, “Thanksgiving is over now, if Europe and the United States to China to place orders, by the date of calculation, but also basically in the end, and recently the enterprise like Zhejiang side did not receive The large list does not produce much irritant to the upstream of the rare earth."
Demand abroad is sluggish, and the domestic situation is also not optimistic. According to reports, the situation in previous years was that most domestic companies would choose to pick up goods before the end of the year to facilitate the opening of factories after the end of the year. However, this year, the stocks are basically an overkill. "In the first half of this year, crazy purchases fell again in the second half of the year. Even if large companies stop production, many companies should have stocks," said one analyst, who declined to be named.
“Some of my clients are still cautious when buying goods. When the prices are good, some products are bought on the ton, and now they are all bought for a few kilograms or kilograms.†The aforementioned Baotou local trader told reporters that the current demand for rare earth is still not Substantial improvement.
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