Tianjin Rare-Earth Export, QTY Down & Price Up, in 1st Quarter 2018

[2018-04-26]


According to Tianjin Customs statistics, in the first quarter of 2018, Tianjin exported 4,730 tons of rare earths, down 12.1% year-on-year (YOY); worth 170 million yuan, up 22.1% YOY; average export price 35,000 yuan per ton, up 38.9% YOY.

Export Characteristics:

This March, Tianjin exported 1,634 tons of rare earths, year-on-year decrease of 22.8% and month-on-month decrease of 8.8%; average price was 52,000 yuan per ton, up 1.2 times year-on-year and 1.3 times month-on-month.

All the export was in ordinary trade.
Mainly exported by private-owned enterprises and state-owned enterprises, together accounting for 98.1% of the total export;

Mainly exported to Japan, the United States and the European Union: In the first quarter, the export to Japan was 1,999 tons, down 15.5%; export to the United States was 1,164 tons, down 34.9%; export to the EU was 712.9 tons, up 22.6%; the three together accounted for 81.9% of the total export

Main Causes:
(1) The United States has increased the exploration of rare earths in its territory, which reduced the export from Tianjin.
(2) China has reduced export of rare earths for the purpose of environmental protection.

Problems:
(1) The diversified global supply continues to impact the dominant position of China's rare earth industry.
(2) Japan has removed rare-earth import tariff, helping increase the import.
(3) The price of rare earth deviates much from its value.
 
Source: ETCN
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