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Column 1Season is over till winter, spring sunshine, but for the rare earth industry, Lingnan, chairman of rare earth, rare earth products in South Exchange Trading Center for Wu Haiming in an interview that: the rare earth industry in the spring may not come so fast. 2016 is the key year "Thirteen five" first year, the rare earth industry is how to achieve economic restructuring and industrial upgrading. After 2015 RE tax reform, a large group integration, to crack down on black chain, rare earth products securitization financialization steadily, rare earth industry to deepen the development of reform and innovation, but considering the release of supply and demand and reform dividend, Wu Haiming think rare earth prices to achieve true steady rise, and officially entered the long-term upward trend is expected to go to the end of the third quarter of 2016, before the arrival of spring, rare earth companies to prepare reserves sufficient forage to survive the next two quarters.
Rare earth prices shift the focus on the second half, the industry late spring
The first month of 2016, the rare earth index fell 3 points, because rare earth has been no good news, coupled with lower demand is not high, before the holiday stocking enthusiasm is not high, the market prices have been relatively stable, the latter due to the Spring Festival, the downstream manufacturers holiday, as well as some manufacturers have deliberately low prices, rare earth index has dropped a point.
2016 is the "Thirteen Five" plan the first year, China entered a new normal economic development model. 2016 domestic and international economic situation is still complex, the profound impact of the global financial crisis for a long period of time remains, world trade growth is weak, but benefit from the "Thirteen Five" plan, Wu Haiming think prices will move the center of gravity of rare earth, rare earth industry expected out of the winter and usher in the development of the spring.
China rare earth industry market difficult to pick up, in large part because the formal rare high environmental requirements, taxes and other large capital expenditures and high cost; black illegal mining and smuggling of rare earth itself easily, coupled with the absence of environmental protection, tax requirements, the cost is very low. In order to regulate the rare earth market in 2016 to combat illegal rare earth will become normalized.
2016, "5 + 1" group of rare earth big inevitable consolidation is complete, regional integration implicit in dispute, must be resolved showdown; the views of local administrations and the final solution of the differences is the common shares.
With six Rare Earth Group to accelerate the integration of its control and influence to a certain scale, the appropriate time will form a joint force. Before and after the annual mandatory production quotas issued, as well as during the season, the market is relatively active. Coupled with the cumulative effect of rare earth hitting annual purchasing and storage sits normal good, the rare earth industry and market rebound is imperative.
Wu Haiming forecast, 2016, raw materials praseodymium neodymium NdFeB magnets, dysprosium-based and other product prices will shift the center of gravity; there may appear oversold prices continued to rise after dark horse breed. At the same time, taking into account the release of supply and demand and reform dividend, the price of rare earth to achieve true steady rise, and officially entered the long-term upward trend is expected to go to the end of the third quarter of 2016.
Winter after winter, rare earth enterprises should seize the grain grass
Wu Haiming mentioned rare earth industry in the late spring or before the end of the third quarter 2016, which means that before the arrival of spring there are two quarters to boil, which for the majority of the year after the loss of rare earths in enterprises, so as good as a winter after winter, if you do not make early forage reserve, after the winter this winter will be very, very tough, and this forage reserve, with Wu Haiming words, is some applications of financial instruments.
Market analysts with "dire straits" to describe the current difficulties faced by rare earth companies.On the one hand since 2014, the price of rare earth all the way down, especially in the fourth quarter of 2015, the price of rare earth bottom, almost all rare earth companies have suffered different degrees of loss, Minmetals rare earth, Xiamen Tungsten, Rising colored reported a substantial loss loss means that companies will not be able to issue additional shares, unable to raise funds, but also fell; on the other hand, many rare earth companies two factors this year bank loan due, loss of profits means that companies can not roll over loans, banks dun door, in superposition of some serious incidents may occur, such as the sale of assets. To avoid serious incidents, some of rare earth enterprises should take the initiative to seek reliable financial instruments to deal with the current financial pressures caused by the market and depressed prices to help companies through the most difficult of the first two quarters of 2016.
"Thirteen Five-Year Plan Proposal" points out, manufacturing is a key driving force of economic development of the country, in "Thirteen Five-Year Plan Recommendations", a number of strategic planning involves the rare earth industry, or shadow, the industry generally believe that the rare earth industry is ushering in golden opportunity for transformation, enterprises should take the initiative to seize this rare opportunity to actively seek financial supply chain financing, including a variety of financing pledge financing, expand financing channels, seeks not only to banks, but also research to achieve financing through non-bank financial platform the way. While in the central government "supply-side reform," the idea of rare earth enterprises should speed up the elimination of backward production capacity, active contraction of excess capacity, and gradually resolve financial and financial risks.
Timely, tailored for the enterprise Lingnan rare winter coat
In the current number of rare earth companies financial distress of the moment, Lingnan rare earths through the "Shenzhen Kelly Rare Earth Holdings platform" launched a comprehensive financial solutions, providing a rare earth securitization, supply chain finance, collateral financing, market value management, IPO market, issuance of stocks integrated financial services for enterprises to provide a rare variety of financing options.
Lingnan RE launched "pledge financing" is a rare earth enterprises to cope with cash flow difficulties of an effective financial tool. South by South rare and rare earth products Exchange Trading Center, companies can own pledge of rare earth products, if the product quality inspection, you can get 50% -70% of the value of capital goods, the whole process takes less than 1 week time.
Because of the special nature of rare earth products, the current basic bank does not accept the pledge of rare earth products, rare earth less financing channels for enterprises, the threshold is high.The South Exchange Trading Center of rare earth products, rare earth products itself with electronic spot trading, the next line of physical delivery of the function, online platform and cross the line under the income support base, to achieve functional pledge financing services.
In fact, banks are very supportive of this innovative financing business, and in 2014, 2015 and 2016, respectively, the credit deposit south of rare earth products trading center 800 million, 600 million and 400 million of funds earmarked for rare earth companies pledge financing products service. Some media evaluation, Lingnan rare earth products introduced pledge financing services through financial service platform to drive innovation in the industry, effectively pulling the operating entities of the development of rare earth, rare earth industry benign development has played a good role in promoting, rare earth enterprises can effectively help to overcome At present predicament.
For businesses facing financial pressure, while rare Lingnan launched by non-bank financial platform to achieve order financing services. Currently, the market competition has changed from a single customer competition between the supply chain and supply chain competition between the parties within the same supply chain are interdependent, "a prosperity, a loss for both sides"; At the same time, since credit has become mainstream way transaction, in rare earth supply chain upstream suppliers, funding is difficult to obtain bank credit through traditional way, while a shortage of funds will directly lead to the subsequent links stagnation, or even a "missing link." Market analysts believe that this year's financing needs of the supply chain of rare earth industry will maintain moderate growth, given the current financial difficulties of rare earth companies, experts suggest that rare earth companies can take advantage of "supply chain order financing" through.
It is understood that the South pay the rare earth products trading center for the rare earth industry chain last year launched the "pledge financing products" and "supply chain order financing," the two popular service recently. Thirteen Five into the first year, by Lingnan rare 'Rare Earth Holdings Shenzhen Kelly internet' further plans for a 'rare earth industry fund', accurate service rare earth listed companies improve performance, boost enterprise value management, we believe that this innovative financial services will also be 2016 China has become a rare bright spot in financial services
In the interview, Wu Haiming by reporters, said: As a scarce strategic resource, rare earth enterprises winter must be temporary, Lingnan RE willing to colleagues Baotuan heating together to watch the arrival of spring industry.
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