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 Posted: Sat 5:30, 22 Jan 2011 Post subject: mbt shoes sale Review of major non-ferrous metals |
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Review of major non-ferrous metals market in May
Fell 4.6% last month; spot average price of $ 769.20 / ton, down 4.8% last month. May in most parts of 1 {≠ zinc transaction price from the beginning of the 7950 yuan / ton, down to the end of 7600 yuan / ton. The average quoted smelter 7,979 tons, down 1.1% last month; raw data the average market price 8,052 yuan / ton, down 1% last month. The end of May, 50% of the grade of zinc concentrate prices have risen to 4,104,200 yuan / ton. Second, the international market. 1. Needs. According to the International Lead and Zinc Study Group (ILZSG) statistics, global zinc consumption in March increased 5.3% last month, a quarter of growth in Q4 than 0. , Down 1.4% year on year,[link widoczny dla zalogowanych], to 2.158 million tons. Zinc consumption in Europe in Q1 than in Q4 last year, a decline of 3. o%,[link widoczny dla zalogowanych], with the same period last year considerable; the United States and Japan than in zinc consumption grew by 7.7% in Q4 and 4.2% over the same period decreased 6.4% and 7.5%. That the current upturn in demand, but still below the year-ago levels. 2. Supply. The current low price of zinc does not promote efficient production. According to statistics ILZSG, a quarter of the global zinc output up 2.3% year on year, 234.6 tons; its 64 * in the West rose 5.9% to 1.653 million tons. Month LME zinc stocks were added to 4.6 tons, by the end of May to reach 605,[link widoczny dla zalogowanych],500 tons. Estimated by the end of May the total inventory available for consumption in Western society has reached the number of weeks for 8 weeks, well above the normal level of 3 weeks. Third, the domestic market. 1. Supply. Low prices and caused tension in zinc concentrate production. According to statistics, 1 April in a total refined zinc 618,000 tons more than last year cut 70,000 tons. Currently, the vast majority of zinc smelters at a loss, so there will be a cut or stop production. But on more than 30 tons of excess supply, the current yield reduction is not enough. 1 April the cumulative production of zinc concentrate fell 9.4% year on year. 2. Consumption. China's economic growth is estimated will grow by at least 5% of zinc consumption. Meanwhile, exports of refined zinc in April of 67,574 tons, Force Dagger March mouth 19,441 tons. Annual export volume is estimated at 53 million tons, less limited than in 2001. IV forecast. Zinc demand is currently the most difficult period is over, in the second half is expected to slowly improve, the future price of zinc generally upward, but advancing very slowly. Recent domestic market prices will continue to slump, but the cuts will increase the intensity of future zinc price rebound. Nickel, the international market. 1. Prices. From mid-May, LME nickel prices all the way down, 21, fell to $ 6,400 / ton around the end of May, the nickel price back to $ 7,000 / ton in the vicinity. LME three-month futures opened the month $ 7,065 / ton, the highest price of $ 7,130 / ton, the lowest $ 6,420 / ton, closing $ 6,900 / ton. Spot and three-month average monthly futures price were $ 6,761.36 / ton and $ 6,790.11 / ton, last month fell 2.83% and 2.33%. 2. Needs. Although the U.S. demand for recovery of nickel is not clear, but the stainless steel market is gradually increased turnover; China and South Korea's strong growth in demand for stainless steel also makes stainless steel plant in Taiwan and Japan, the operating rate guaranteed. In addition, stainless steel scrap shortage and price rise, continued to support the demand for primary nickel. According to reports, Europe,[link widoczny dla zalogowanych], Asia, the scrap rate stainless steel enterprises fell than in the past l ~ 2%. However, this year the aviation industry slump and land gas turbines on the demand for nickel-based alloys are shrinking dramatically. LME nickel inventories for the 5 end of 27,204 tons, more than in April jumped by more than 8,000 tons of no inventory reflect the nickel market to increase supply. Second, the domestic market. May the Lord of domestic manufacturers offer does not change the essence of nickel, has remained at 69,000 yuan / ton,[link widoczny dla zalogowanych], the market closing price of basically revolve around this price volatility. As the raw material supply to the domestic nickel production affected. According to statistics, in April of 4061 tons of nickel production and fine similar to the previous month. China's net imports of refined April 1306 tons of nickel, reduction of 11.94% over the previous month. Domestic steel demand situation is good, imports are also rising. Recently, the Ministry of Foreign Trade announced the official launch, including stainless steel plate and seamless pipe steel, including the implementation of the 9 temporary import protection measures to prevent the impact on domestic steel companies. Third, the forecast. Nickel demand in the second half depends mainly on the United States, Europe and other countries in the economic development. Nickel is expected to continue to move up the short term is unlikely, investors will once again enter the order pattern. Mouth
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