Shopping season is expected to pick up to drive non-ferrous metal

   Last week, the non-ferrous metal prices continued to rise. Shanghai market rose 3.57 percent colored plates, nickel rose 8.36 percent dominate, aluminum rose 0.87 percent lag. Since April this year, the non-ferrous metal prices at home and abroad broad based, then the outlook will continue for it? From a macro and industry perspective, in the second quarter worth the wait.

   From the perspective of the international market, the dollar index periodic adjustments of good non-ferrous metals; domestic macro level, despite the economic downturn pressure, but the tone of the proactive fiscal policy and prudent monetary policy has not changed, the central bank's market liquidity care for me. In addition, the Ministry of Finance recently announced that from May, cut export tariffs on some aluminum, which is to resolve the domestic aluminum industry overcapacity have some help.

   Law from the industry, the second quarter is the peak season of consumption, increase inventory enterprises to expand production, will also revitalize the upstream industry; In addition, non-ferrous metal industry experienced several years of adjustment, is preparing a new cycle. Colored time prices for more than four years, aluminum, nickel, zinc and other metals continued in the following industry average cost line, not much room for further decline. Meanwhile, nickel, zinc and other metals fundamentals are improving, after a new round of open space greater flexibility.

   Taking all these factors, both domestic and international macroeconomic environment favorable non-ferrous metals industry in the second quarter, driven by the shopping season, the industry is expected to continue to pick up, revitalize.