In the 43rd week of 2020, the price of nonferrous metals index is mixed (10.26-10.30)

According to the price monitoring, in the 43rd week (10.26-10.30) of 2020, there are 5 kinds of commodities rising and 5 kinds of falling commodities in the price rising and falling list of nonferrous metals index, and there are 0 kinds of commodities that rise or fall to 0. The main commodities that rose were neodymium oxide (2.15%), silicon metal (1.65%) and nickel (0.93%); silver (- 3.29%), gold (- 0.88%) and copper (- 0.81%) declined. This week, the average rise and fall was – 0.01%.

 

The overall fluctuation of nonferrous metals prices this week was relatively small, among which precious metals were relatively weak. The main reason was that there was no sign that the United States was about to introduce any fiscal stimulus measures to alleviate the impact of the new epidemic on the economy, and investors bought us dollars in succession, which put pressure on the gold price. In addition, the sharp fall of European and American stock markets and oil prices, the spread of investor panic also exacerbated the gold sell-off The overall performance of metals is poor. Rare earth neodymium series rose slightly, and the sentiment of major traders entering the market was warming up compared with before, but the overall activity was still not high. At present, most operators have great hope for the future market, and the price of domestic rare earth market rose slightly.

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