Metals fell, rare earth prices continued weak

Shanghai Stock Exchange today, continuing weakness in metal , closing, copper , Shanghai aluminum , lead and Shanghai , Shanghai zinc were down 0.27 percent, 0.38 percent , 0.11 percent , 0.74 percent .

Shanghai copper spot today reported premium of 20 yuan / ton to premium 120 yuan / ton , flat water, copper traded price 44,650 yuan / ton -44 730 yuan / ton, premium copper traded price 44,680 yuan / ton -44 820 yuan / ton. Shanghai copper stabilized rebound , 1403 Contract hold stocks last trading day morning delivery firm level shipments, but speculators pessimistic liters of tomorrow , tomorrow, and more waiting for months after the operation , the other hand, the water level downstream favored by a small amount of copper , can still be traded , copper was up nearly midday , good copper premium narrowed, but the water level is still strong performance of copper , cut limited magnitude , with good copper spreads , overall market activity improved, but still not change the pattern of excess .

In addition , the ratio of Shanghai and London due to the recent downturn, leading to difficulties in most importers operation , plus refinery exports increased, so Bonded copper stocks rose , copper supply the domestic market will not reduce the pressure immediately after copper premium for months now also difficult to continue .

Rare good news today without the support , the market continued weak. Most suppliers deserted due to demand , inquiry scarce, maintaining old customers to run based. Market sentiment is strong, short or prolonged weakness.


Rare Earth Supplier: Chinatungsten Online - http://www.chinatungsten.com
Tel.: 86 592 5129696; Fax: 86 592 5129797
Email:  sales@chinatungsten.com
Tungsten & Molybdenum Information Bank: http://i.chinatungsten.com
Tungsten News & Tungsten Prices, 3G Version: http://3g.chinatungsten.com
Molybdenum News & Molybdenum Price: http://news.molybdenum.com.cn

• < Prev
• Next >