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Rare price station tuyere
Update Time : 2017-05-17 View : 269
Recently, with the pressure of environmental protection supervision, as well as the national eight departments jointly crack down on rare earth illegal special action continues to advance, rare earth industry ushered in the tide of price increases. The 2017 Ninth International Rare Earth Summit held in Shanghai in May 11th, May 8th, rare earth prices rise across the board, in the range of 1%~2% range, the price of some varieties has reached a new high of nearly a year. The rise in rare earth prices to promote the industry boom recovery, which also aroused enthusiasm for rare earth permanent magnet research institutions.
The 2017 Ninth International Rare Earth Summit held in Shanghai on May 11th, at the same time as the national eight departments jointly combat illegal rare earth special action continues to advance, as well as the state of production control, as well as the recent rising demand for downstream magnets, rare earth industry usher in a price surge. As far as the information shows, in April 27th, the price of europium oxide rose by 11.11% to 600 thousand yuan / ton compared with the previous day, and the weekly rate increased by 17.65%.
In May 8th, rare earth prices across the board increase in the range of 1%~2% range, some species have hit a new high of nearly a year. Affected by this, in May 9th, rare earth permanent magnet stocks outstanding performance, the overall plate rose 1.79%, the plate has 35 stocks rose, accounting for 87.5%. The innuovo limit, Nord shares, Sheng and resources, rising nonferrous stocks also rose over 5%.
Product prices also make the rare earth industry performance of listed companies to pick up one of the North rare earth in the first quarter sales revenue grew by 142.94%, while the report shows that last year net profit of 90 million 830 thousand yuan, the first quarter of this year net profit of 74 million 460 thousand yuan. In addition JPMF first quarter net profit growth of 679%; Sheng and resources in the first quarter net profit growth of 312%; Xiamen tungsten industry first quarter net profit growth of 534%; Nord shares a quarterly net profit growth of 302%.
Haitong Securities research report pointed out that the rare earth group south raised the listing price and the State Reserve, europia price increases have reached 52.4% compared with the beginning, dysprosium oxide terbium oxide prices rose 3.7%, prices rose 19.1%, praseodymium neodymium oxide prices rose 12.4%, the rare earth industry bullish sentiment strong. The current downstream into the shopping season, the upstream manufacturers of rare earth holding stock to be up to the industry, very price sell mentality, May Baotou rare earth China World Trade Center company listing price will be released, the market bullish atmosphere.
Source: Network

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