Purchasing and storage is expected to increase rare earths is expected to stage a comeback
- Details
- Category: Rare Earth News
- Published on Wednesday, 11 September 2013 17:45
Major macro events preview BoJ committee member Koji Ishida speech to business leaders at the Russian Central Bank policy meeting the Bank of Korea's monetary policy meeting European Central Bank President Mario Draghi hosted in Latvia Euro conference speech at the German central committee member AndreasDombret ChathamHouse speech event
(1) Rare Shouchu week or settled, industry sources said, or receive 10,000 tons; (2) 2013, seven months Nonferrous Metals Import & Export price dropped significantly; (3) CFTC data shows net long gold positions Yuanchuang new high this year; (4) a new round of new energy vehicles subsidy rules will be fixed; (5) international tin prices surged to a five-month high.
Sharp rise in the market environment, the weak performance last week, colored plates, sub-forum, the main early performance is better gold correction, magnetic materials are also weaker, noteworthy new material outstanding performance. From the market price movements, tin prices rose sharply, leading to the international tin prices rose a major factor from the world's largest tin exporter Indonesia since August 30 export transactions from the implementation of the new rules, which requires all domestic tin exporter prior to export should complete the transaction in the domestic exchanges. If customers want to buy Indonesian tin ingots, must become a member of the local exchange, or through membership to make a purchase. Since most customers do not become members of the Exchanges, affecting the price of tin in Indonesia's exports.
In addition, rare earth purchasing and storage is expected to increase, some traders had been delayed quotes rare earth, rare earth prices will rise again. Investment strategy, we recommend purchasing and storage is expected to increase attention to rare earth permanent magnet plate, while optimistic about the rising price of tin bring trading opportunities.
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