London, August 3 news, the London Metal Exchange (LME) copper five-year rise, as the dollar fell after the weaker-than-expected employment data released, but the trade tension between the United States and China dragged down the copper week this week.

At 3:00 pm on August 3, London time (00:00 on August 4, Beijing time), the index three-month copper closed up 1.1%, at $6,206 per ton, at an intraday low of $6,074.50, and hit two weeks on Thursday. The low is $6,066.

PVA

In July, the number of new jobs in the United States was less than expected. It may be that it is difficult for companies to find qualified workers, and the unemployment rate is falling, pointing to the tightening of the employment market.

According to data released by the US Department of Labor on Friday, the number of non-agricultural employment in the United States increased by 157,000 in July. The market had previously expected to be 190,000. In June, it was revised to an increase of 248,000. The initial value increased by 213,000. .

The US unemployment rate was 3.9% in July, the market is expected to be 3.9%, and June is 4%.

However, metal prices have been limited, after the Chinese Ministry of Commerce said that the proposal to impose import tariffs on US$60 billion worth of US goods is rational and modest, warning the United States that if the trade war escalates, China reserves the right to take further countermeasures.

The Chinese Ministry of Finance said on Friday that the State Council Customs Tariff Commission decided to impose tariffs of 25%, 20%, 10%, and 5% on 5,207 tax items originating in the United States. If the US is willing to go its own way and implement its tariff increase measures, China will implement the above-mentioned tariff increase measures.

On July 11, 18, the US government issued measures to impose tariffs on goods imported from China of about 200 billion US dollars, and solicited public opinions on the measures. On August 2, the US announced that it would increase the tariff rate imposed on the above-mentioned 200 billion US dollars of goods from 10% to 25%. The US measures have deviated from the consensus of the two sides, leading to an escalation of trade friction between China and the United States, serious violations of relevant rules of the World Trade Organization, and damage to our national interests and people’s interests.

“Trade disputes have dragged down metal prices, and as long as the dispute continues, I don’t expect a sustained upward trend,” said Daniel Brieseman, an analyst at German Commercial Bank.

He added that commodity prices are supported by a fall in the dollar.

The dollar weakened, boosting the price of dollar-denominated assets such as copper.

LME copper stocks fell by 825 tons to 256,625 tons, which has been reduced by 35% since the end of March, the lowest since January 22.

The People’s Bank of China said on Friday that in order to prevent macro financial risks and promote the stable operation of financial institutions, the central bank decided to adjust the foreign exchange risk reserve ratio of forward sales from 0 to 20%; this is not a capital regulation, nor an administrative Measures, but part of the macroprudential policy framework.

Three-month aluminum closed down 0.3% at $2,028 a tonne.

The three-month lead was flat at $2,115 per tonne.

Three-month tin fell 0.03% to $19,600 per tonne.

Three-month zinc closed up 2.7% to $2,631 a tonne.

Three-month nickel closed up 1.7% at $13,550 a tonne.

POLYVINYL ALCOHOL

In order to protect and rationally develop superior mineral resources, in accordance with the relevant regulations on the management of specific mining types for protective mining, the total mining control of rare earth ore and tungsten mines will continue in 2018.

In the past five years, the total amount of mining control indicators for rare earth ore and tungsten mines has not changed much. In contrast, whether it is rare earth or tungsten concentrate, the mining index in 2018 is significantly higher than before, up 14% and 9.5% respectively.

Affected by the “review” action of the environmental verification in the first half of the year and the continuous rectification of the industry, some rare earth separation enterprises were forced to shut down, resulting in shrinking supply and benefiting the price of rare earth. As of the end of June 2018, the price of rare earth lanthanum oxide was 340,000 yuan / ton, up 10% from the beginning of the year 310,000 yuan / ton. The market generally expects that the industry rectification will be more normal and stricter in the second half of the year, and at the same time, the possible acquisition and storage actions (the first meeting of rare earth storage and storage will be held in mid-July), the price of rare earth is expected to continue to improve.

The average monthly price of tungsten concentrate in the first half of 2018 was 110,800 yuan/ton, up by 33,100 yuan/ton from 77,700 yuan/ton in the same period of last year, and an increase of 0.83 million from the monthly average price of 205,000 yuan/ton in the second half of last year. Yuan / ton. The market’s domestic tungsten market forecast for 2018 is basically a steady upward trend. The economy that continues to rise at home and abroad will have a certain increase in demand for tungsten, but the increase in raw material prices will also increase the supply. Therefore, compared with 2017, the supply and demand will be reduced. Considering that the main application field of tungsten is in the field of cemented carbide, sales of excavating machinery in the first half of the year increased by 60% year-on-year, indicating tungsten

POLYVINYL ALCOHOL