Non-ferrous metals are strong and weak inside.

Abstract In 2013, the price of non-ferrous metals continued to be weak last year. In order to withstand the impact of the price downturn, the scale of production reduction and production suspension in the non-ferrous industry has continued to expand, and the global non-ferrous metals industry has set off a boom in production reduction. Taking the aluminum industry as an example, Alcoa, Rusal, Chinalco and other industry giants...
In 2013, the price of non-ferrous metals continued the weakness of last year. In order to withstand the impact of the price downturn, the scale of production reduction and production suspension in the non-ferrous industry has continued to expand, and the global non-ferrous metals industry has set off a boom in production reduction. Taking the aluminum industry as an example, industry giants such as Alcoa, Rusal, and Chinalco have announced plans to cut production. Among them, RUSAL plans to reduce production by 300,000 tons in 2013, accounting for 7% of its total output; Alcoa plans to cut production capacity by 11%; Chinalco announced a reduction of about 380,000 tons. In addition to active production cuts, non-periodic events around the world have also affected many miners. For example, Grasberg, the world's second-largest copper mine, announced that it is facing the risk of continuing to suspend production for two to three months; Rio Tinto's copper mine collapsed, which is expected to affect 200,000 to 300,000 tons of copper. Under the influence of many factors, it is expected that the global supply and demand pattern of non-ferrous metals will be better than expected in 2013.

Non-ferrous metals prices are denominated in US dollars, and the volatility of the US dollar since May has provided upward momentum for non-ferrous metals. Recently, the Eurozone data is more optimistic. Eurostat data show that under the leadership of France, the euro zone's industrial output in April increased by 0.4 percentage points quarter-on-quarter, much higher than market expectations; at the same time, the euro zone manufacturing shrinkage significantly improved, May Markit manufacturing PMI It rose to 48.3 from 46.7 in April. The good economic data released a signal that the euro zone economy is expected to pick up. In contrast, US data is mixed and flat. Under the guidance of comparative advantage, the US dollar index has fallen all the way since the end of May.

Under the influence of factors such as the reduction of non-ferrous metals and the weakening of the US dollar, domestic and foreign metal prices rebounded slightly from the end of May to the beginning of June. However, the fundamentals of China's second-quarter non-ferrous metal market during the peak season have constrained the room for price rebound.

Recent economic data show that the domestic economic recovery is obviously insufficient, and the situation of weak economic recovery in the short term is difficult to improve. In May, the official PMI was 50.8. Although it rose by 0.2 percentage points from the previous month, it is still at a lower level than in the past. In addition, the performance of other industrial indicators such as industrial value added and electricity consumption in May is not optimistic. Big risk. This is confirmed on the HSBC PMI. In May, the final value of HSBC China PMI fell to 49.2. This data is not only below the 50-point line, but also the lowest level in 8 months. After the weak economic data, investment banks such as Morgan Stanley and Barclays collectively lowered China's economic growth forecast. Among them, Barclays lowered its forecast for China's economic growth in 2013 to 7.4%.

Insufficient economic growth will constrain the rebound of domestic non-ferrous metals prices for a long time, and it is inevitable that future non-ferrous metal futures prices will be weaker. On the one hand, the economic downturn has severely constrained the rise in demand for domestic non-ferrous metals. In addition, as the industry gradually enters the low season of consumption and the expansion of enterprises against the trend, the fundamentals of domestic non-ferrous metals will be significantly weaker than the global. On the other hand, the weakening of the domestic economy highlights the advantages of the US economic recovery, and international liquidity will shift accordingly. The spread of non-ferrous metals at home and abroad may further shrink.

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Philizon enjoys a high reputation in grow led lamp and led aquarium light fields throughout Europe and America,Philizon also insists on taking high technology to design the newest&best led grow light and aquarium light constantly as the market request. Our R&D team with more than 10 people has rich experience in appearance design, electronic structure,heat dissipation simulation analysis,optical lens design,light control system etc.Most of our hydroponics full spectrum led grow lighting and Led Fish Tank Lights are private modules,we have 10 more design patent and utility model patent till now.   Our Led Fish Tank Lights are popular in led market,cause its elegant outlook and its high quality and competit

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