The fact that China’s rare earth prices have soared has forced Japan to accept this situation. According to foreign reports, Japanese chemical giant Shin-Etsu Chemical announced on June 7 that it will raise the price of rare earth magnets for hybrid vehicles and air-conditioners by more than 40% from July.
"Now the price of rare earth will rise to a level every week, so we don't know how to quote it." A person in charge of a trading company with a rare earth export quota in the north complained to the reporter of "Daily Economic News" that the supply is now tight. There is no money to make a profit without signing a contract, and there are implementation difficulties in signing the order. "Rare earth prices make it more and more difficult for companies to parry."
Rare earth export enterprises are difficult to implement in contract
On June 7, according to Kyodo News, Shin-Etsu Chemical announced on the same day that it will raise the price of rare earth magnets for hybrid vehicles and air-conditioners by more than 40%. This move may cause Other magnet manufacturers to follow suit.
“The reason for the price hike is that the prices of metals such as rare earth magnets, which are the main raw materials for rare earth magnets, have been soared by China’s restricted mining and exports.†Shin-Etsu Chemical said that it is imperative to continue to supply products steadily.
Li Jing (pseudonym) is the head of a trading company with a rare earth export quota in the north. He is responsible for the rare earth export business all the year round. At the end of May, her company and foreign merchants signed a list of metal bismuth at a price of 1,500 US dollars per kilogram. "We can earn $250 per kilogram when we sign up at the end of May, and we may lose money when we ship today." On June 7, Li Jing said in an interview with the reporter of "Daily Economic News" that it is difficult to execute the signing. The situation is getting worse.
It is reported that according to the calculation of lanthanum oxide at the price of 5,000 yuan in the week of May 23, the processing price and other expenses, the export price of metal bismuth should be around 1,200 US dollars (kg price); if cerium oxide is calculated according to the ton price of 8,000 yuan, metal The export price of é• is around US$ 1,800 (kg). "Because the customs will pay taxes according to the current price of 1,800 US dollars, when the company finally prepares to ship the goods, the company finds that it may lose money." Li Jing said.
There are also rare earth traders who do not want to be named, told reporters that because the price of rare earth is too fast, the effective period of the transaction price between the company and foreign customers has been greatly shortened. "The price is usually valid for two days, and at least one week before. It takes two weeks to live."
High cost of energy-saving lamp industry
The rapid rise in rare earth prices has also cost the energy-saving lamp industry, one of the downstream industries, to the cost.
On June 7th, the reporter of "Daily Economic News" learned from the participants of the seminar "Thinking and countermeasures caused by the surge in the price of rare earth fluorescent powder" held recently by Linan, Zhejiang. The rise of rare earth prices has a great impact on the industrial chain. “The price of raw materials for high-efficiency energy-saving lamps has increased several times, but the end products have not shown signs of price increase, and the alternatives that use cheaper phosphors have not yet been found. The energy-saving lamp industry is really not good.†The analysis said.
The reporter learned that the surge in rare earth prices has driven the price of phosphors to rise continuously. Authoritative data shows that starting from January this year, the price of phosphors rose from 550 yuan per kilogram to 900 yuan at the end of April, and recently broke through 1,500 yuan. In May of last year, the price per kilogram of phosphor was only about 300 yuan.
According to the public information, as the main raw material of the three primary color phosphors in the capillary tube of energy-saving lamps, rare earth accounts for 75% of the raw materials. Take a 28-watt T5-type lamp as an example. The cost of each lamp phosphor is 0.1 yuan (0.3 g dose), and the price of a capillary is 1 yuan. The cost of phosphor is less than 10%. Calculated in kilograms of 1,500 yuan, if the price of the product is unchanged, the cost will account for 50%. "If the finished product of energy-saving lamps does not increase in price, it will be a fatal blow to enterprises, especially the hair tube enterprises." Analysts said that it can be expected that if the situation cannot be reversed, a group of enterprises will not be able to support it for a long time.
Concealed Shower System,Recessed Shower System,Concealed Rain Shower System,Stainless Steel Thermostatic Rain Shower
kaiping aida sanitary ware technology co.,ltd , https://www.kpaidafaucets.com