Last week, basic metals prices first after general trends or Yang, the United States early April consumer confidence mild cooling and Spain admitted that may appear in the second round of recession in 2009 years, make the global economic recovery increased anxiety, basic metals prices general decline. After the Spanish bonds tenders successfully completed, the German economic data, U.S. unemployment benefits for the first time a good application decrease in the number of and march of the total construction license rise, make basic metal back with global risk preference and rebound. On the whole, the next global macro data may cause certain warmer, the debt concerns the mood gradually get relief, the hope is that the liquidity speed up the pace of release, is expected to metal will present a recovery of the basic pattern.
Gold-down the risk is not big.
Gold prices in shock last week of the pattern of the partial empty. The Spanish 10-year auction yields a previous has risen, market for its credit worries increased, the euro confined, is causing heavy gold pressure of the main causes of the above. But as IFM capital increase, and the Spanish national debt recruit successfully completed, market against the euro and the dollar boosted confidence to get pressure, then there are weak gold prices rebound. Market focus bernanke news conference next week, hope to find QE3 more clues. We think, as the recent economic data and poor again, can reignite QE3 expected, the fed decision is likely to gold supportive, gold prices continue to fall risk is not big.
Small metal and ferroalloy-demand of
titanium price decline.
Last week, rare earth oxide prices continue to rise,
tungsten concentration, antimony ore concentrate,
titanium concentrates and other raw materials prices declined. Especially titanium concentrates and
titanium sponge prices to a larger extent. The weather effects by drought, titanium concentrates manufacturers electricity is restricted, output is also affected, and titanium dioxide by market is not high impact final demand, and the purchase is not positive, due to the short term downstream market to have a better, domestic ore recent market is expected to continue to weak operation.
Non-ferrous metal plate-rare earth permanent magnet plate continue to look good.
This week the non-ferrous metal plate and mutual now, general plate weeks or 0.7%, weak in city. Basic metal or better, new materials and magnetic materials plate this week the callback. According to a quarterly reports this week the listed company performance and companies publish the half annals performance situation, the tin, lead, zinc, copper, aluminum industry performance in the second quarter is still not ideal, but according to our judgment, division three-ring, ningbo rhyme promoted the rare earth permanent magnet second quarter performance up still have a significant growth, continue to support the company upward trend.
