On May will start rare earth metal or shock box

Today's Shanghai metal continue to differentiate, as of the close, the Shanghai aluminum copper, the main contract fell 0.04% respectively, 0.9%, Shanghai lead flat, Shanghai zinc is closed up 0.4%.

Although the lack of outer guide, rebound in Shanghai copper futures morning, a large number of pre import copper delivery, market circulation are imported brands, domestic copper market impact, the premium price is still in the copper opened 1000 yuan, then fell back quickly, shippers to change now, active lowered the premium, the market is still in wait-and-see, nearly second trading time the copper premium has declined nearly 300 yuan / ton, middleman and wait for the copper premium prices stable, the overall turnover cautious.

Today, rare earth price stalemate, buying is still sparse, but rumors Shouchu or rare earth will in May 10-15 day start, vendors must be very price mentality, wait-and-see sentiment strong. At present, praseodymium and neodymium prices slightly upward, other prices steady.

The macroscopic aspect. Following last month Chinese Premier Li Keqiang and other senior officials publicly denied any short-term stimulus, China Treasury Secretary Lou Jiwei recently also stressed that the current economic slowdown, Chinese is reasonable return, but also structural rebalancing results. China not take short-term massive stimulus policies to promote economic growth.

Industry. COFCO futures director general manager Wang Zairong forecast, May metal market will generally continue the trend of shock, operation can be used on high throw bargain - hunting practices, pay attention to intervals along, keep the portfolio investment, mainly flexible operation ideas.

Copper short-term may rebound test on the $6900 / ton, but also facing strong resistance. Copper 1407 main contract term in the 48800-49000 yuan / ton still has certain resistance, expected short-term fluctuations in the range of 46500-49000 yuan / ton, short-term re low unlikely.


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