Fueled risk aversion, gold, rare earth Shouchu wind resurgence

Over the past two weeks , the overall weak U.S. data , European data is less than expected Chinese PMI hit seven-month lows , the market risk aversion re- ignite the international price of gold back on the $ 1,300 , the maximum has exceeded $ 1,340 an ounce .

In the U.S., retail sales and housing data disclosed yesterday continued the weak trend , February consumer confidence index 78.1 , the expected value of 80.1 ; February Richmond Fed manufacturing index is -6 , the expected value of 3 , the previous value 12. And early last week , jobless claims 336,000 , worse than the expected 334,000 ; another home sales fell 5.1 percent , indicating the U.S. construction market was not as optimistic about the market .

In Europe , the euro area in February consumer confidence index fell to -12.7 , lower than the expected value of -11 ; manufacturing PMI index fell to 53 , lower than the expected value of 54. In addition, Germany February manufacturing purchasing managers index for the initial result was 54.7 , less than the expected 56.3 . French February manufacturing purchasing managers index fell to 49.3 from the original 48.2 . Italy December annualized negative growth in industrial sales , industrial orders in December from the original annualized decline of 3.0% to 1.9 %. Collective shrinking Eurozone data showed the euro zone 's economic recovery currently is facing a serious problem .

China , following the HSBC PMI index fell below 50 in January Coorong line, February HSBC PMI initial value of 48.3 , again less than expected , a seven-month low, thus the same time, the central bank restarted repo . Analysts believe that the liquidity squeeze has lagged transmitted to the real economy, the decline in domestic demand, the main cause of decline or PMI . Notably , the yuan in the past week down 0.95 percent , or a record 20 -year high , exceeding the volatility after the Lehman bankruptcy .

The combined effects of the weak global economic data , the market risk aversion surge in precious metals prices this stimulus Festival success " counter-attack ." Which the international price of gold has surged more than 4 percent for two weeks , after the holiday is up nearly 7 percent , currently $ 1,343 an ounce .

Rare Shouchu wind renewed

Recently, there is news of rare earth Shouchu second round of negotiations in progress , is expected to finalize the details of the next purchasing and storage price. Affected by this news today, the overall appearance of rare earth sector active disk stock almost all contrarian meteoric rise . Which limit the Galaxy magnet , Ningbo Yunsheng , Fenghua Hi-Tech , three rings and Weihua shares rose more than 5%. Analysts believe that the January- February is the off-season demand for rare earths , 3-5 ring typically have significantly increased the amount of monthly exports of rare earths . If a quarter of the state purchasing and storage plan implemented gradually phased corresponding rare earth prices are currently at the bottom . Chinese New Year optimism after rare-earth prices are expected to determine the uplink , price increases in the coming quarter is expected to reach about 15%.

In fact , as early as last July , when Ganzhou Rare Earth private mine strike , the market had been rare in the mass will start purchasing and storage news. September , the news of the fermentation , starting rumors about October 20 will determine the purchasing and storage solutions , and then came after purchasing and storage , etc. will be honored during the message . But until the new year, these rare purchasing and storage policy is not officially landing.

According to previous rumors, the purchasing and storage tray will have ten billion yuan , and mainly in the heavy rare earths . There are six companies involved in purchasing and storage , including the Baotou Rare Earth , China Minmetals Rare Earth , the color of shares , Chalco Rare , Rising colored , Ganzhou Rare Earth Group . Purchasing and storage products with praseodymium oxide , neodymium oxide, praseodymium and neodymium oxide , totaling over tons.

Notably , the Ministry and Raw Materials Division recently released the " 2013 economic operation of the rare earth industry ," and working to deploy this year , the rare earth resource utilization management requirements specification , the rare earth utilization projects ( waste recycling , recycling Overlaid mine rescue , etc. ) included in the total production control plan management , focusing allocated to the newly formed six major rare earth enterprise group, which is rumored purchasing and storage of six companies coincide.


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