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History is rare! The whole line of rare earth permanent magnet plate burst China rare earth Hong Kong stock price doubled in one day!

iconMay 21, 2019 15:27
Source:SMM
China's rare earths, which are listed in Hong Kong today, have doubled. As of press release, China's rare earths rose as much as 135% in intraday trading, up 102.7% as of 15-49.

On May 14, 2019, the border between Tengchong and Myanmar was closed, banning the import and export of all rare earth related commodities. ([SMM Analysis] the price of medium and heavy rare earths in Myanmar stopped importing again.) after the news was announced, the market was concerned about the reduction in the supply of rare earths. On May 20, General Secretary Xi Jinping went to Jiangxi to inspect and investigate. The first stop inspected Jiangxi Jinli permanent Magnet Science and Technology Co., Ltd., which is located in Ganzhou City, to understand the production and management of enterprises and the development of rare earth industry in Ganzhou City. In the context of the heating up of the Sino-US trade war, rare earths in the market may be used as China's strategic resources to counter the conjecture of the United States, making rare earths once again the hottest topic at present! "where is Jiangxi Jinli permanent magnet sacred? It is surprising that General Secretary Xi should be allowed to conduct an investigation and inspection at the first stop.)

On May 21, the three major A-share indexes rose unilaterally in early trading and fluctuated at high levels in the afternoon. To close, the Shanghai index rose 1.23% to 2905.97, the Shenzhen Composite Index rose 1.92% to 9087.52, and the gem index rose 1.66% to 1493.72.

Through A-shares, what we can see is a surge that surpasses the whole rare earth plate in the market. On the disk surface, the rare earth magnetic material plate broke out in the afternoon, and Sanchuan Wisdom and Gold permanent Magnet sealed the plate with the word "Sanchuan Wisdom" and "Jinli permanent Magnet". Ningbo Yunsheng, northern rare earths, Zhenghai magnetic materials and other plates more than 20 shares rose, the news surface is mainly affected by the huge increase in Chinese rare earths in Hong Kong stocks. As of the close, a total of 17 related stocks rose by the limit, rare earth permanent magnet plate net inflow of more than 1.1 billion yuan, and scarce resources also into the inflow of nearly 1.2 billion yuan of funds, can be said to be hot.

The Hong Kong stock market, which allows stocks to tumble not only 70 per cent and 80 per cent a day, but also doubles its share price in one day, has also attracted a lot of attention today, with Chinese rare earths, which are listed in Hong Kong today, doubling. As of press release, China's rare earths rose as much as 135% in intraday trading, up 102.7% as of 15-49.

This big sunny stick is worth commemorating today!

The listing price of rare earths in the south is strong:

Not only the stock market is crazy, the rare earth spot market is also heating up! China Southern rare Earth Group Southern rare Earth International Trading Co., Ltd. announced that the latest medium and heavy rare earth oxide prices are strong, the prices of most products have risen, and the prices of gadolinium oxide, dysprosium and terbium have been raised continuously.

Dysprosium oxide quoted price of 1.72 million yuan / ton, an increase of about 11% over the previous period;

Terbium oxide quoted price of 3.4 million yuan / ton, an increase of 5.6% over the previous period;

Gadolinium oxide quoted price of 162000 yuan / ton, an increase of about 3.8% over the previous period;

Holmium oxide quoted price of 370000 yuan / ton, an increase of about 5.7% over the previous period;

Erbium oxide quoted price of 155000 yuan / ton, an increase of about 1.3% over the previous period;

Lutetium oxide quoted price of 4.3 million yuan / ton, an increase of 2.4% over the previous period;

The prices of other products remain unchanged in the previous period.

"View the historical quotation of SMM exclusive metal terbium spot

 

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