Rare short-term bearish downtrend back

Last week ( as of November 22, 2013 ) overseas base metals prices were mixed , sharply lower gold and silver . The Fed announced last week of October meeting minutes showed that the U.S. may withdraw QE in the coming months , leading to gold and silver prices fell sharply ; However, due to the economic data in Germany last weekend, better than expected , making the metal prices rallied last week . Last week, the general decline in the overall rare , only vanadium, indium and other metal prices, rare earth prices are slightly lower, subject to weak downstream demand will remain weak in the short term price shocks . Non-ferrous metals sector rose 1.01 percent last week , still underperforming the broader market . Looking to the future , the impact of the U.S. withdrawal from the quantitative easing policy by short-term market sentiment bearish.

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Last week, major overseas base metals prices were mixed , gold and silver fell sharply . LME base metals, copper rose the most , up 1.40% ; Nickel fell 1.93% , the largest decline, the decline in the rest of the metal rose less than 1%. COMEX silver and gold fell by 4.17% and 3.36% , the market worried about the U.S. exit quantitative easing , coupled with the supply of gold at record highs , are expected to remain low for short-term gold and silver .

Fed consider withdrawing quantitative easing , HSBC China PMI lower than expected. The Fed on Wednesday announced the October monetary policy meeting minutes : With the improvement in economic conditions , the Fed may " in the coming months " to reduce the scale of quantitative easing ; U.S. core consumer price index in October rose 1.7 percent , lower the Fed 's 2 % inflation target . Eurozone November Markit composite PMI fell to 51.5 , compared with 51.9 in October 's decline, lower than expected. 21 released from the HSBC flash PMI fell to a seven-month high of 50.4 , although still six months time high, but lower than previously expected outside .

Last week, the domestic copper metal stocks fell sharply , foreign metals except aluminum stocks fell . LME copper stocks fell the most, up 2.78% , down 2.13% zinc . Domestic copper stocks drop 11.02% , aluminum and zinc of 5.14% and 4.30% decline .

Last week, the price of rare earth return decline. By weak downstream demand last week, a rare earth metal prices generally lower, down 1.48% neodymium oxide, praseodymium , dysprosium oxide fell 1.62 percent , NdFeB prices were flat. Expected impact by the state purchasing and storage , the market waiting to see atmosphere , turnover in the doldrums , the market outlook is expected to continue to remain weak shocks.

Last week, other precious metals prices are still up more or less where sharply higher vanadium , tantalum maintain decline. Factors of rising costs and domestic buyers demand better, vanadium pentoxide prices sharply higher last week , an increase of 4.41% , the market outlook is expected to continue to rise slightly . Affected by weak demand last week fell 3.17 percent tantalum continue . Last week, a decrease of 2.60% tungsten concentrate prices close to the cost line , investors may expect steady . In addition , last week's low of lithium steady overall market , taking into account the lithium product prices began to tend to the cost price , supply and demand in the near future no major changes are expected to be low steady recent lithium market .

Last week, non-ferrous metals sector rose 1.01 percent , underperforming the broader market ( CSI 300 Index rose 2.01 percent ) . Which Jingcheng Copper Xin Branch materials and the best performance , were up 13.44 percent and 10.12 percent , estimated to be affected by the acquisition restructuring expected ; Zhong Ke San Huan fell 5.58 percent , the largest decline .


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