At the beginning of the week, domestic tungsten prices continued to maintain a stable consolidation, and the market's long and short views were still in the game. On the one hand, domestic economic recovery and measures to stabilize demand growth are conducive to the consumption growth of infrastructure and real estate. On the other hand, global inflationary pressure continues to increase, and the expectation of interest rate hikes in major overseas economies continues to heat up, disturbing industry funds and demand.
In the tungsten concentrate market, low-level resources are still tight, but it is difficult for high-level resources to flow smoothly. On-site transactions are mainly based on demand bargaining, and the gravity of 65% wolframite concentrate is about 1 17000 yuan/ton.
APT market, the market cost pressure remains unchanged, the demand power is insufficient, traders' confidence is divided, and short-term consolidation is the main factor. The market is deadlocked at around 6.5438+0.77 million yuan/ton, and the transaction release is limited.
In the tungsten market, the orderly recovery of Chengdu's production and living order is conducive to the recovery of local cemented carbide enterprises' business activities. However, the pressure of domestic epidemic on the logistics network still needs to be alleviated, and the alloy and its downstream consumption are still restrained under the background of high global inflation. Good market confidence is limited, and the market maintains consolidation.
Macroscopically, statistics from the Bureau of Statistics show that in August, the added value of industrial enterprises above designated size increased by 4.2% year-on-year, 0.4 percentage points faster than last month and 0.32% faster than last month. The total retail sales of social consumer goods was 3,625.8 billion yuan, a year-on-year increase of 5.4%; From June to August, 5438, the national fixed assets investment (excluding farmers) was 367 106 billion yuan, a year-on-year increase of 5.8%. In August, the national urban unemployment rate was 5.3%, down 0. 1 percentage point from the previous month.
September 2023 19 Molybdenum Market
At the beginning of the week, the domestic molybdenum market as a whole continued last week's strong market. In the traditional peak consumption season, steel enterprises are basically willing to bid for ferromolybdenum. In addition, the National Day holiday is coming, and most downstream users tend to purchase in advance to ensure the normal production and operation of holiday-related enterprises.
From the supply side, due to the high temperature, heavy rain and epidemic rebound in many places, the production capacity of some molybdenum plants is limited. In addition, a large number of suppliers shipped in the early stage, and there are not many domestic molybdenum raw materials imported recently, so the spot supply in the market is even more tense. At present, the prices of molybdenum concentrate, ferromolybdenum and molybdenum oxide are raised to 2960 yuan/ton,1930,000 yuan/ton and 3060 yuan/ton respectively.
News: According to the data of China Steel Association, in the first ten days of September 2023, the steel inventory of steel enterprises was17,064,500 tons, an increase of 1 1500 tons compared with the previous ten days, with an increase of 7.03%; Compared with the same period of last month, it increased by 1.42 million tons, an increase of 0.08%; An increase of 5,767,600 tons, or 51.06%, compared with the beginning of the year; Compared with the same period of last year, it increased by 3,740,700 tons, an increase of 28.08%.
September 2023 19 Rare Earth Market Situation: At the beginning of the week, the domestic rare earth prices generally operated in a reasonable range. Under the circumstance that the demand of downstream users is less than expected and the global economic situation is not optimistic, the price increase of rare earth raw materials is slightly weak. However, the production of most rare earth smelting and separation enterprises has been restricted to some extent due to the intensified efforts of environmental protection to crack down on the black market, excessive extreme weather, the approaching National Day holiday and global epidemic. Coupled with the support of production costs, shippers are even more reluctant to sell at a reduced price.
News: According to the news of Jiangxi Provincial Development and Reform Commission, in August, the average price of 65 kinds of daily necessities listed in the province's monitoring catalogue increased by 19 compared with last month, and decreased by 2 kinds, and increased by 14 compared with the same period last year, and decreased by 0 kinds. The prices of steel, cement and rare earth in industrial production materials have fallen, and the prices of sandstone have been stable. In August,
A few days ago, the Department of Raw Materials Industry of the Ministry of Industry and Information Technology organized a symposium on the development of lithium resources industry, emphasizing that, first, we should adhere to a systematic view and examine the development and price of lithium industry from the whole industry chain. Encourage upstream and downstream enterprises to establish long-term benefit-sharing and cooperative relations by signing long-term associations, jointly safeguard the smooth and stable supply chain, and jointly create a competitive advantage in the whole industry chain. Second, adhere to the bottom line thinking, seize the current critical window period, study and formulate relevant work plans to promote the development of lithium industry, put forward a package of policies and measures from the aspects of "developing more, stabilizing imports, reducing consumption and promoting recycling", and coordinate all parties to accelerate the development and utilization of domestic resources and form supply capacity as soon as possible. The third is to adhere to the problem orientation, strengthen work coordination, and do a good job in ensuring supply and stabilizing prices in a standardized and orderly manner. Leading enterprises should play an exemplary role, and production enterprises should not collude in pricing and seriously deviate from cost pricing. Quotation agencies should standardize quotations and play an active role in stabilizing prices and expectations and ensuring the supply chain of the industrial chain.
Nickel price fluctuated slightly. On the one hand, due to the expected increase in overseas interest rates, the metal market atmosphere is weak. On the other hand, due to the steady growth rate of supply-side release, the mismatch pressure between supply and demand in the market is obvious relative to the resistance of the demand market. However, with the relief of high temperature in off-season and the effectiveness of domestic epidemic prevention and control, the consumption of stainless steel plants has gradually recovered recently, which has strengthened the bottom support of nickel price.
Related Questions and Answers: Are Rare Earths Metals? Rare earth is a metal. Rare earth is the general name of 17 metal elements in the periodic table, including lanthanides, scandium and yttrium. There are 250 kinds of rare earth minerals in nature. Finnish chemist Gadolin was the first person to discover rare earths. 1794, he separated the first rare earth "element" (yttrium soil, that is, Y2O3) from a heavy ore shaped like asphalt. Because few rare earth minerals were found in the18th century, only a small amount of water-insoluble oxides could be obtained by chemical methods. Historically, this oxide was customarily called "soil", hence the name rare earth. Rare earth minerals are mainly silicates and oxides in magmatic rocks and pegmatites, and mainly fluorocarbons and phosphates in hydrothermal deposits and weathered crust deposits. Most yttrium-rich minerals occur in granite, pegmatite and related gas-water hydrothermal deposits.