Zinc prices slump led the rare earth market price

This week zinc, lead, nickel performed better, respectively, 0.8% , 0.7 % and 0.4 % gain in the top three, week average price reached 15,092 yuan / ton, 14,120 yuan / ton, 97,490 yuan / ton. Poor performance of gold and silver , were down 2% , 2.7% , weekly average price of 255 yuan / gram, 4,305 yuan / kg .

US impasse in the negotiations between the two parties moderated , market confidence pick up, gold rebounded 3.2% , but the performance of the Fund is calm , the rally is limited. Instead, leave -taking performance of the market , there is no apparent willingness to break up , especially copper and zinc is most apparent

Today, the spot research shows that copper flat plate finishing, weak trend , eager to hold stocks rallies for cash , the market is now a large number of copper emission, supply pressure surge in premium rapid narrowing all the way , especially good copper goods and more inexpensive , brokers favor Low supply, a slight increase in the downstream receiving goods weekends , mainly deal with the middlemen .

Continuing weakness in this rare earth oxides , due to lower demand for light, less some manufacturers offer slightly lower , but the turnover is still poor , rare earth materials temporarily depressed market based.

Sector level . Analysts said Indonesia next year may prohibit export of nickel ore , coupled with production factors , or to boost nickel prices rose 20 %, or 30% , from the multi-year low . Indonesia said it planned from January 1, 2014 banned the export of unprocessed ore .

Nickel is the worst year of basic metals. LME three-month nickel have declined since January, about 20% to four-year low , suppressed by excess supply .


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