popslots| Yitong New Materials and Boqian New Materials led the gains: the prices of rare earth and antimony ingots continued to hit new highs, focusing on northern rare earths and Hunan gold

Newsletter summary

The CSI 300 index rose 0.Popslots.23%, the non-ferrous index rose 3%Popslots.08%. The price of rare earths has risen, the listing price of rare earths in the north has increased, and market confidence has increased. Antimony prices are at record highs, demand is growing, inventories are low and supply is in short supply. The price of molybdenum continued to rise, and investment in oil and gas, thermal power and chemical industry increased. Tin prices are weak, but tin shares are expected to benefit from the recovery in consumer electronics. Tungsten prices continue to rise, environmental protection inspectors launched in an all-round way. The prices of small metal vanadium pentoxide and metal germanium rose. Risks include lower-than-expected supply, lower-than-expected prosperity of the new energy industry and macroeconomic fluctuations.

Text of news flash

[Shanghai and Shenzhen 300 index rose slightly during the week, non-ferrous sector performed brightly]

This week (5.6-5.10), the CSI 300 index climbed slightly, up 0.23%. At the plate level, the performance of the non-ferrous plate is particularly significant, showing 3.08%.PopslotsIt's up. Yitong Xincai and Boqian Xincai led individual stocks to rise, recording a rise of 14.39% and 14.31% respectively. On the other hand, Dongfang zirconium industry and platinum new materials led the decline, falling 10.02% and 5.24% respectively.

[prices of rare earths have risen steadily, and market confidence has increased]

The rare earth market showed a steady growth trend this week, with the price of praseodymium and neodymium oxide rising slightly to 406300 yuan / ton, up 0.63% from the previous month. After nearly six months of silence, northern rare earths raised their listing price for the first time this week, an increase of 7.5%. At the same time, the situation in Myanmar's Kachin State has intensified.PopslotsThe market is worried about the supply of rare earths. In this context, the cumulative decline of rare earth imports by 18.1%, the supply weakening trend is obvious. In terms of policy, a number of measures jointly issued by various departments will promote the use of rare earth magnets in areas such as new energy vehicles and industrial equipment motors, which are expected to be good for the rise of the rare earth price center in the medium to long term, and it is recommended to pay attention to the northern rare earths, the industry leader.

[antimony metal prices continue to rise, inventory destocking exacerbates supply shortages]

Antimony market prices rose significantly this week, with antimony ingots and antimony concentrates rising 6.98% and 6.47%, respectively, while antimony oxide prices remained stable. In terms of inventory, stocks of antimony ingots and antimony oxide fell by 2.68% and 2.96% respectively, and market supply continued to tighten. The operating rate of the antimony industry chain has generally declined due to the shortage of raw materials and the influence of environmental protection inspectors. The rise in overseas antimony prices has further catalyzed the upward trend of domestic prices. Antimony prices are expected to hit record highs due to historically low inventories, significant growth in photovoltaic glass production on the demand side, and increased mismatch between supply and demand. In the long run, the pattern of antimony supply and demand is improving, and the price center is expected to continue to rise. It is recommended to pay attention to Hunan gold.

[molybdenum market price rises, supply tight pattern continues]

Prices in the molybdenum market continued to climb this week, with prices of molybdenum concentrate and ferromolybdenum up 4.46% and 5.19%, respectively. In terms of inventory, ferromolybdenum inventory increased slightly, while molybdenum concentrate inventory increased significantly by 14.44%. The price of steel moves to follow up, showing that the market demand is sound. In the long run, the relationship between supply and demand of molybdenum metal remains tense, and the price center is expected to continue to rise. Gold and molybdenum shares, as the target of scarce resources in the industry, are expected to benefit from the improvement of profitability.

[tin prices have adjusted slightly, and the long-term supply and demand pattern has improved]

The price of tin ingots fell slightly by 0.18% this week, while inventory increased slightly by 0.38%. Weak macro data and normal production in smelters led to a slight weakness in prices. In the long run, tight supply of vanadium ore and overseas geopolitical factors may continue to affect the market, but the recovery of consumer electronics and the trade-in policy are expected to boost demand, and the relationship between supply and demand will improve in the long run. It is recommended to pay attention to tin shares.

[tungsten market price is strong, environmental protection inspectors drive the market]

Tungsten market prices have performed well this week, with tungsten concentrate and ammonium paratungstate prices up 4.24% and 5.07%, respectively. The full start of environmental inspectors and the shortage of raw materials have boosted expectations of rising prices. As a key enterprise in the industry, medium tungsten high-tech may benefit from the strong performance of the market.

[other small metal markets performed steadily]

The prices of vanadium pentoxide and metal germanium also rose this week, up 1.22% and 1.04%, respectively.

[risk Tip]

Attention should be paid to the market impact caused by the lower-than-expected supply, the decline in the prosperity of the new energy industry and macroeconomic fluctuations.

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