UTC+8 ( BJT)

Association: China metal prices to correct downward in H2

ABSTRACT

China’s domestic nonferrous metal prices will face downward pressure in the second half of this year after having touched their respective multi-year highs in H1, Jia Mingxing, vice president and secretary general of the China Nonferrous Metals Industry Association, shared at a press conference on August 3.
For example, “the copper price surge to nearly Yuan 70,000/tonne ($10,829/t) from the Yuan 20,000/t in the 1990s is a result of the extremely robust domestic demand in the past few decades, which is unlikely repeat and the room for further copper price gains is limited as the country’s demand

............

To read the full article take a free 7-day trial to Mysteel Global

FREE TRIAL
+65 6653 8227