On September 14, the London LME market three-month futures zinc closing price of 2334.00 US dollars / ton, the price fell. Spot price 2327.00-2327.50 US dollars / ton, spot zinc prices fell. On September 14th, the LME market zinc ingot futures traded at 17,1585.00 lots, the market trading activity was more active, and the inventory fell.

According to Reuters Mexico, Vera Ramosa reported that Mexican President-elect Andres Manuel Lopez Obrador said on Saturday that it is expected that by the end of his term, Mexico’s crude oil production will rise from the current 1.8 million barrels per day to at least 260 per day. Million barrels.

Lopez Obrador added that the new tender for drilling wells announced last week will be carried out in the oil fields and shallow waters of the state-owned oil company Pemex.

“Public investment will be devoted to extracting oil from Pemex’s territory,” he said. “Those platforms that are not occupied will start working again”

Lopez Obrador said earlier this week that the tender will begin in December but does not provide further details.

He also stated that in order to increase production, Pemex needed to reach an agreement with its traditionally cooperating company to begin drilling or mining existing wells.

Pemex’s production has reached its lowest level in decades, with its six refineries producing only 40% of capacity, which increases demand for fuel imports.

Lopez Obrador will take office in December, and he has long criticized the outgoing government for opening up the oil industry to private capital.

The new Mexican leader vowed to strengthen the development of Pemex and refine more crude oil in Mexico

First, the price trend:

According to the data of the business community, the price of ortho-benzene was stable this week. On September 7th, the price of o-xylene was 7,837.50 yuan/ton, which was stable compared with the price of o-xylene (OX) of 7,837.50 yuan/ton on September 1, up 31.60% year-on-year.

Second, the market analysis:

Product:

This week, the inventory of phthalene in the East China Port remained at a low level. As of September 7, the inventory of Huadong Port was about 30,000 tons. The price of phthalate external disk fell. On September 6, the European market for o-xylene market was quoted at US$1005.00/ton FOB Amsterdam, Rotterdam and Antwerp. The price of US$1010/ton was lower than that of the previous week. The price dropped by US$5/ton. The price of phthalate external disk fell slightly, the cost of imported ortho-benzene decreased, and the price of imported ortho-benzene remained stable. The price of imported ortho-benzene was stable, and the pressure on domestic prices of o-xylene was alleviated, but the growth of demand for o-benzene was limited, the growth of o-benzene was unable to support, and the risk of falling benzene was increased.

Inspired by the supply of bauxite from the state-owned Orissa State Mining, Vedanta is optimistic about its refinery expansion project.

The Vedanta Lanjigarh smelter is located in the Kalahandi district of Orissa, about 152 km from the Kodingamali mine. It has an annual production capacity of 2 million tons. Since 2007, it has been relying on bauxite operations from Brazil and Guinea and Andhra Pradesh and Gujarat. But the company recently obtained raw materials from the local Kodingamali mine for the first time.

Previously, due to shortage of raw materials, although Vedanta has obtained 2 million tons of operating license, the annual production capacity has been maintained at 1.2 million tons. The company has begun to increase the capacity of the smelter from 2 million tons to 4 million tons and to 6 million tons in 2021. As of now, Vedanta has spent about Rs 50 billion on expansion projects.

On September 3, the rare earth index was 348 points, which was the same as yesterday. It was 65.20% lower than the highest point in the cycle (2011-12-06), which was 28.41% higher than the lowest point of 271 points on September 13, 2015. (Note: Cycle refers to 2011-12-01 to date)

The average price of metal lanthanum in rare earth metals is 407,500 yuan / ton; the average price of metal bismuth is 1.625 million yuan / ton; the average price of metal bismuth is 660,000 yuan / ton. The average price of lanthanum oxide in rare earth oxide is 325,000 yuan / ton; the average price of cerium oxide is 1.145 million yuan / ton; the average price of cerium oxide is 410,000 yuan / ton; the average price of cerium oxide is 316,500 yuan / ton. The average price of niobium alloy in rare earth alloy is 41,250 yuan/ton; the average price of niobium-iron alloy is 1.15 million yuan/ton.

Recently, the index of rare earth mining has been released, totaling 120,000 tons, an increase of 15,000 tons compared with 2017. However, the price trend of some rare earth products in China has temporarily stabilized, and the price of niobium oxide has risen slightly. Most rare earth separation enterprises have stopped production, resulting in supply. Decline, especially some mainstream rare earth oxides, the supply performance is tight, and the recent recent procurement cycle, some commodity prices in the rare earth market are temporarily stable. Recently, the trading volume in the market is very limited. The major manufacturers of products are also cautiously waiting to see each other. The mutual inquiry has become more frequent. The downstream receiving goods are not actively leading to the low price of some rare earth products. The rare earth analysts of the business community are expected to be in the near future. The impact of the US trade war, the export of rare earth to the United States is subject to certain restrictions, but the recent rare earth market is about to enter the procurement cycle, it is expected that the rare earth market will rebound in the later period.