Some rare earth products have risen more than 700% during the year

Xinhua News Agency reported that the “Rare Earth 08 Price Ups and Downs” published by the Commodity Data Platform Business Club of the business treasure (17.15, -0.23, -1.22%) (002095, SZ) on the 2nd showed that from the beginning of the year to the end of August, some rare earths The increase in the product has exceeded 700%.

The eight representative rare-earth products monitored by the business community include metal antimony, antimony iron alloy, antimony oxide, antimony oxide, antimony oxide, antimony metal, antimony metal, antimony alloys, which all began to exhibit different degrees of explosive growth from the beginning of this year to the end of August. Among them, ferro-niobium alloys and antimony metal have the highest gains, reaching 748.28% and 715.79%, respectively, and the rest of the varieties also have rises above 300%.

In 2011, rare earth is undoubtedly one of the main characters in the variety of commodities. With the continuous improvement of the strategic position of rare earth resources, the domestic rare earth industry is undergoing tremendous changes. The price surge and policy adjustments have caused the rare earth industry to receive attention.

Although the increase was huge compared with the beginning of the year, but recently the price of rare earth began to show a certain degree of correction. The price monitoring of business clubs showed that there were 0 kinds of commodities that rose in the “Rare Earth 08 Price Change List” in August. There were 7 kinds of commodities that fell, and there were 1 kinds of commodities that went up and down to 0. The main varieties that fell were yttrium oxide and oxidation. Tantalum and antimony alloys.

Liu Ruixing, a rare earth analyst at the business community, believes that as the prices of raw materials for rare earth minerals continue to fall, the overall turnover of the rare earth market is relatively small, and downstream users are not actively replenishing stocks. Due to the weak demand from the ceramic industry, the niobium oxide market remains flat. NdFeB magnetic materials users are more difficult to accept the price of rare earth raw materials, purchases are cautious, and metal and antimony alloys are in a downturn. Most suppliers continue to reduce their quotations, but buyers have a strong wait-and-see atmosphere and a weak willingness to purchase. In the short term, the rare earth market will continue to maintain its turbulence.