Chinese Rare Earths Exports Volume Tripled for February

SMM Insight 11:23AM Mar 25, 2013 Source:SMM

SHANGHAI, March. 25 (SMM) -"Low Prices, High Volumes" is the portrayal of China's exports of rare earths in last month. Beijing Daily reporter said on 24 March 2013, in February of this year, China's rare earth exports 1106 tons, greatly increased 289.12 percent on last year same period, while the price of rare earth fell compared with last year..

In fact, China's rare earth exports has been showing downward trend for several consecutive months. In January this year, a drop of up to 37.56% happened to rare earth exports. Minmetals Securities Analyst Tao Minmin claimed that, the reason for the strong performance of February is mainly owe to the low base for last year, with only 284 tons in Feb 2012 for Chinese exports of rare earths. In addition, the significant increase in the exports of rare earths in February also benefit from falling prices of rare earths. The data show that rare earth prices in February is $ 22,650 / ton, down 11.32% compared with last month $ 25,540 / ton.

"Because of the low costs, a number of companies will sell and buy rare earths in Feb. Especially, to prepare the peak month of rare earth sales in March, some companies will fill its inventory in advance. Combined with the February Spring Festival factors, many companies will focus on replenishing stocks after Chinese New Year. "Tao Minmin analysis.
 

Chinese Rare Earths Exports Volume Tripled for February

SMM Insight 11:23AM Mar 25, 2013 Source:SMM

SHANGHAI, March. 25 (SMM) -"Low Prices, High Volumes" is the portrayal of China's exports of rare earths in last month. Beijing Daily reporter said on 24 March 2013, in February of this year, China's rare earth exports 1106 tons, greatly increased 289.12 percent on last year same period, while the price of rare earth fell compared with last year..

In fact, China's rare earth exports has been showing downward trend for several consecutive months. In January this year, a drop of up to 37.56% happened to rare earth exports. Minmetals Securities Analyst Tao Minmin claimed that, the reason for the strong performance of February is mainly owe to the low base for last year, with only 284 tons in Feb 2012 for Chinese exports of rare earths. In addition, the significant increase in the exports of rare earths in February also benefit from falling prices of rare earths. The data show that rare earth prices in February is $ 22,650 / ton, down 11.32% compared with last month $ 25,540 / ton.

"Because of the low costs, a number of companies will sell and buy rare earths in Feb. Especially, to prepare the peak month of rare earth sales in March, some companies will fill its inventory in advance. Combined with the February Spring Festival factors, many companies will focus on replenishing stocks after Chinese New Year. "Tao Minmin analysis.