A variety of small metal prices hit a new high
2023-09-02 00:08:23
The continued bullish market for small metals has set a new high for spot prices for various varieties such as lanthanum and rare earth. The data shows that the current price of antimony ingot has increased to 94,000 yuan/ton, and that of antimony oxide has reached a record high of 267,000 yuan/ton. In addition, tungsten prices have continued to rise and have entered the highest price range in history.
According to monitoring, among the small metal varieties, the price of domestic antimony ingots has reached 94,000 yuan/ton, which has risen by 10% from the beginning of the year. The price of yttrium oxide in rare earth products rose sharply by 6% from last week, and the price per ton reached a record high of 267,000 yuan/ton. NdFeB, a rare earth downstream product, also saw an increase in raw material prices this week. The weekly price rose by 19%.
At the same time, the domestic tungsten price (APT) reached 123,000 yuan/ton, which was about 2.2% last week, and the export price increased by 4.3%. The reporter learned that the APT price has risen 7% since the beginning of the year.
In addition, domestic tin prices continue to rise, including tin concentrates of 164,500 yuan/ton, tin ingots of 203,000 yuan/ton, and electrolytic manganese of up to 20,900 yuan/ton.
Most analysts believe that the bullish market for small metals is not yet over. In particular, the varieties of germanium, tungsten, and rare earth are China's traditional dominant varieties, and the international market will gradually reduce its current high prices.
Guoxin Securities believes that China's tightening of the supply of advantageous small metals is a direct driving force for prices. According to the large-scale implementation of China's elimination of backward production capacity at the beginning of the new year, China's integration of the small metal industry will continue in 2011, including the integration of the medium- and heavy-earth rare earths in the south and the rectification of antimony mining in the Leng Shuijiang area. At the same time, China's large-scale mining companies (represented by Minmetals, etc.) and confidence in the global metal pricing power, as well as the recovery of domestic and foreign downstream markets, will support the continued rise in the price of small metals.
However, it is worth mentioning that some downstream manufacturers have complained about rising raw material prices. Taking rare earth as an example, due to the continuous increase in the price of antimony, the downstream NdFeB producers are under pressure.
The senior executive of China National Third Ring Road told this reporter that the current increase in rare earth raw materials has deviated from the normal range, causing adverse effects on productive enterprises. “The base metal last year was 285,000 yuan/ton, and now it is 335-380,000/ton; the metal gallium, six months ago it was 1,500 yuan/kg, and it is now 4000 yuan/kg. Not only the price has doubled, but the market is not even connected. It's good to buy.†He said that it is understood that at present, whether it is a rare earth manufacturer or a trader, the accumulation of rare earth raw materials is very common, and downstream companies have lost the stable expectation of raw material prices. He appealed that the lasting and stable supply of raw materials is very important for the healthy development of the rare earth industry.
According to monitoring, among the small metal varieties, the price of domestic antimony ingots has reached 94,000 yuan/ton, which has risen by 10% from the beginning of the year. The price of yttrium oxide in rare earth products rose sharply by 6% from last week, and the price per ton reached a record high of 267,000 yuan/ton. NdFeB, a rare earth downstream product, also saw an increase in raw material prices this week. The weekly price rose by 19%.
At the same time, the domestic tungsten price (APT) reached 123,000 yuan/ton, which was about 2.2% last week, and the export price increased by 4.3%. The reporter learned that the APT price has risen 7% since the beginning of the year.
In addition, domestic tin prices continue to rise, including tin concentrates of 164,500 yuan/ton, tin ingots of 203,000 yuan/ton, and electrolytic manganese of up to 20,900 yuan/ton.
Most analysts believe that the bullish market for small metals is not yet over. In particular, the varieties of germanium, tungsten, and rare earth are China's traditional dominant varieties, and the international market will gradually reduce its current high prices.
Guoxin Securities believes that China's tightening of the supply of advantageous small metals is a direct driving force for prices. According to the large-scale implementation of China's elimination of backward production capacity at the beginning of the new year, China's integration of the small metal industry will continue in 2011, including the integration of the medium- and heavy-earth rare earths in the south and the rectification of antimony mining in the Leng Shuijiang area. At the same time, China's large-scale mining companies (represented by Minmetals, etc.) and confidence in the global metal pricing power, as well as the recovery of domestic and foreign downstream markets, will support the continued rise in the price of small metals.
However, it is worth mentioning that some downstream manufacturers have complained about rising raw material prices. Taking rare earth as an example, due to the continuous increase in the price of antimony, the downstream NdFeB producers are under pressure.
The senior executive of China National Third Ring Road told this reporter that the current increase in rare earth raw materials has deviated from the normal range, causing adverse effects on productive enterprises. “The base metal last year was 285,000 yuan/ton, and now it is 335-380,000/ton; the metal gallium, six months ago it was 1,500 yuan/kg, and it is now 4000 yuan/kg. Not only the price has doubled, but the market is not even connected. It's good to buy.†He said that it is understood that at present, whether it is a rare earth manufacturer or a trader, the accumulation of rare earth raw materials is very common, and downstream companies have lost the stable expectation of raw material prices. He appealed that the lasting and stable supply of raw materials is very important for the healthy development of the rare earth industry.
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