What are people’s views on the market for non-ferrous metals in the second half of the year?
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At the current macroeconomic level, things are reaching a bottom, and the non-ferrous metals industry is one characterized by severe overcapacity. Today, the nickel price on the Shanghai Non-Ferrous Metals Network has dropped to 84,000 yuan per ton, with prices of other metals also falling sharply as they reach their lows. From an economic perspective, colored metal prices are likely to remain at low levels for another month or two before they can start to recover. Another period of hardship for everyone has arrived……
Keep raw material and product inventories low, with fast in and out flow.
It seems we’ll have to wait until the hot weather passes to see if prices can rise
It’s back to the era where cash is king.
The individual’s estimate for the prices of nickel and copper in the current market is that they will remain at 90,000 yuan per ton and below 45,000 yuan per ton this year, while next year they will stay around 90,000 to 100,000 yuan per ton and about 45,000 yuan per ton
I don’t think it’s that promising; it’s best to focus on infrastructure development this year – I believe that’s the wisest choice to make
Personally, I think the market will remain sluggish; I agree with entering and exiting quickly to keep inventory levels low